Today at the BALLE Conference, Columbus representatives discussed the new JOBS Act, intended to help raise capital for small businesses. It’s part of the new American jobs act signed by Obama on April 5. The U.S. Securities & Exchange Commission will develop regulations this year and we hope that it will be an important resource for small, locally owned businesses.
The ensuing JOBS Act creates more opportunities for small businesses to raise money from customers and investors in their communities (aka Crowdfunding) which can then be used for growth. This is a major reduction in the difficulties that have been faced in the past. When senior SBA officials traveled the country last year and listened to entrepreneurs and small business owners, they listened to their concerns regarding growth, jobs creation and the barriers to expansion.
The JOBS Act also addresses some of the barriers for small businesses ready to make their IPO. The changes to the Securities Exchange Commission (SEC) rules streamline the process- making it easier to reduce the cost and complexity of making their Initial Public Offering. This change is something small businesses, not just the big guys, can benefit from.
What concerns and ideas do you have about the JOBS Act and what it means for you and your business?