job creation | Street Fight

Local Businesses Plot Expansion Via Crowdfunding

Patrick Duprey

Local Businesses Plot Expansion Via Crowdfunding

Even before the passage of the JOBS Act in early April, SMBs across the country were increasingly turning toward crowdfunding websites such as Indiegogo to facilitate expansion. Now, with the law on the books and pressure on the SEC to finalize regulations around it in the next seven months, some foresee crowdfunding, not venture capital, grants or loans, as the next innovative way to stimulate local business and job creation…