States are coming up with their own crowdfunding rules in response to federal inaction.
States are coming up with their own crowdfunding rules in response to federal inaction.
Under the proposed rules in Oregon, businesses could raise up to $250,000, a lower cap than in most states that have adopted crowdfunding rules. Individuals could invest up to $2,500 apiece, even if they aren’t “accredited investors” — a regulatory term meaning those who meet certain wealth or income thresholds and are therefore permitted to participate in higher-risk investments.
“You can now accept investment from the 99 percent,” said Amy Pearl, a co-founder of Portland business incubator Hatch and a supporter of the Oregon initiative. “This is extremely significant, not only for the raising of capital … but also it lets investors become actual stakeholders in their own community economy, and potentially make some money.”
Read more at OregonLive.com.
Also, check out Oregon Business’ look into crowdfunding rules here.
