Now, Oregon entrepreneurs have a new option for capital!
Most small businesses need capital to grow, but there are lots of reasons why a small business can’t access the capital they need. Bank lending can be tough to get, and sometimes friends and family aren’t as flush as we’d hoped, and it just isn’t an option to take out that second mortgage on your home. Besides, you shouldn’t have to.
It’s great for entrepreneurs, but it’s also exciting for all Oregonians. Now, regular Oregonians can be a part of the economic engine of investing – with prudence and wisdom – and engage in small business development for the first time. This is real “people power.”
Oregon was the 16th state to create one of these vehicles. There are now 37 and that list keeps growing!
Oregon’s crowd-investing rules just got better.
Hot off the presses—Oregon has updated its rules to take advantage of the new federal rule, 147A, making it easier for businesses to raise more money and Oregonians to invest more. Some of the changes are:
- Businesses can use the OIO a second time, for a total of $500,000 in investments.
- Oregonians who have higher income, can invest more money–up to $10,000.
- Offerings may now be advertised online!
Read it for yourself:
We help entrepreneurs prepare to raise capital from their communities.
Our program, the InvestOR Ready Accelerator, is the only one in the state focused on helping businesses leverage this new law. If you want to learn more about using the law to raise community capital and about our accelerator, take our webinar, Intro to the CPO.
Want to know more about crowdfunding in general?
On January 10, 2018 OEN and Hatch Innovation are hosting a PubTalk on all types of crowdfunding. Join us in Portland, at the Lucky Lab on NW Quimby, 5:30 p.m. Learn more here!