Delaware residents can now invest in local start-ups and small businesses through online crowdfunding platforms, thanks to a law signed by Governor Jack Markell. The initiative, first advocated by the governor in his State of the State address back in January, will provide increased access to capital to local innovators to help ensure Delaware remains well-positioned to thrive in the new economy.
The new law permits the use of online crowdfunding platforms, allowing Delaware residents to invest in Delaware start-ups and small businesses, thus expanding the potential pool of investment capital for small businesses while also giving Delawareans the chance to be early stage investors in these ventures.
Markell signed the bill into law at press conference at The Mill, an innovative shared workspace in Wilmington that is home to some 40 startups. During the press conference, Markell noted that the law builds on work by Delaware Rep. John Carney at the national level. Congress legalized the practice of equity crowdfunding through the 2012 JOBS Act, which was co-sponsored by Rep. Carney.
Read more about Delaware’s new crowdfunding equity legislation here.
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