The Champions of Change program shares the stories of people across the country who have strengthened their communities. This week, innovative entrepreneurs and small business owners will be honored for their commitment to strengthening their communities and the economy.
The event will feature entrepreneurs who exemplify the promise of crowdfunding to fuel the growth of startups, small businesses, and innovative projects across the country. Crowdfunding attracts entrepreneurs and small business people who seek new methods of raising funds to start and grow their businesses by leveraging their social networks and the wisdom of the “crowd.” According to a recent industry report, worldwide crowdfunding grew by more than 81 percent. In the U.S., where entrepreneurs are generally unable to get traditional forms of financing, there is already significant support for donation and rewards-based crowdfunding.
“When the JOBS Act was passed last April, the crowdfunding community was elated at the prospect of completely revolutionizing the capital markets and helping innovative entrepreneurs get the funding they need,” says Schoffler. “I am honored that the Crowdfunding Professional Association invited me to participate in this landmark event.”
In April 2012, the Jumpstart Our Businesses (JOBS) Act was signed into law, which will enable entrepreneurs to use crowdfunding to raise equity and revolutionize the capital markets. As soon as the Securities and Exchange Commission issues the rules of operation for crowdfund investing, entrepreneurs and small businesses will be allowed to raise capital.
The event will be held on June 4 from 2:30-4:00pm EST in the Eisenhower Executive Office Building South Court Auditorium at the White House.
We’ll have more from this event later this week.