Crowdfunding

"Crowd Funding" Legislation Advances

(Tuesday, Dec. 10) - The Senate Banking Committee last week approved legislation, already passed by the House, to allow Michigan companies to get capital to start and expand their firms via “crowd funding.” The bill now goes to the full Senate for approval.

House Bill 4996, which is supported by the Michigan Chamber, would allow state residents to invest in local start-ups and other businesses by raising many small amounts of money from a large number of people, typically over the Internet.

Legislation to Authorize "Crowd Funding" is Advancing Through State Legislature; How-To Workshop Slated for January

Legislation is advancing through the State Legislature to allow Michigan companies to get capital to start and expand their firms via “crowd funding.” The bill is awaiting committee action in the Michigan Senate after being passed by the State House.