Summary
The new JOBS Act has opened the door for crowdfunding, a boon to hyperlocals seeking new ways to launch their businesses. But it may take until early next year before the Security and Exchange Commission establishes rules that will govern the process.
Description
Rose Levy, spokeswoman for IndieGoGo.com told Street Fight: “With the economic growth lagging behind historical patterns, the American economy sorely needs the boost that crowdfunding can provide by making small investments in startups easily accessible to all Americans through online portals like Indiegogo.com.”