Friday, September 9, 2016

Arizona Small Business Inflation Due to Equity Crowdfunding

Arizona Governor Doug Ducey signed House Bill 2591 into law last April with intent to initiate job creation and develop the state’s economy. Known as the “Intrastate Offering Exemption”, this law is more than your average bill; it’s primary purpose is to allow Arizona small businesses to sell stock online, directly to Arizona investors. It also makes Equity Crowdfunding available to small business owners and entrepreneurs!

Last month in August, the first Equity Crowdfunding Portal was brought to surface: FundMyBusinessAZ.com. This was created to exhibit entrepreneur projects and bring potential investors together throughout the state of Arizona. Fund My Business AZ Founder & CEO, Nick Andrews stated, "Our vision for this portal is to grow Arizona organically, connect local entrepreneurs with local investors and create jobs while keeping investments within our communities."



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