Finalization of Crowdfunding Rules Provides Needed Expansion of Access to Capital for Small Businesses
Statement by John Arensmeyer, Founder & CEO of Small Business Majority, on the U.S. Securities and Exchange Commission's finalization of Title III crowdfunding rules
Today's decision by the U.S. Securities and Exchange Commission (SEC) to finalize rules for Title III crowdfunding is a smart move that promises to provide a much-needed expansion of access to capital opportunities for entrepreneurs.
Access to capital is crucial to small businesses' ability to thrive and grow, with Small Business Majority's polling finding 90 percent of small business owners identify access to capital as an area of top concern. Since the Jumpstart Our Business Startups Act was passed two years ago to address access to capital challenges, entrepreneurs have eagerly awaited the finalization of crowdfunding rules that were included in the law.
The SEC's decision to finalize the Title III crowdfunding rules will help more small businesses secure the capital they need to realize their full potential. Moving forward with these rules is a step toward ensuring America's small businesses have the resources they need to create jobs, drive innovation and strengthen local communities.
About Small Business Majority
Small Business Majority is a national small business advocacy organization, founded and run by small business owners to focus on solving the biggest problems facing America's 28 million small businesses today. Since 2005, we have actively engaged small business owners and policymakers in support of public policy solutions, and have delivered information and resources to entrepreneurs that promote small business growth and drive a strong, sustainable economy. We are a team of more than 30 working from our 11 offices in Washington, D.C. and 9 states, with a network of more than 45,000 small business owners and more than 2,000 business organizations, along with a formal strategic partnership program of more than 125 business organizations, enabling us to reach more than 500,000 entrepreneurs. Our extensive scientific polling, focus groups and economic research help us educate and inform policymakers, the media and other stakeholders about issues including taxes, healthcare, access to capital, entrepreneurship, workforce development, clean energy and immigration. Learn more about us on our website and follow us on Twitter, Facebook and Instagram.