Tagged: michigan

March 1, 2014 @ 11:20 am By Charles Luzar  |  

Today The Detroit News has published a short editorial in support of Michigan HB 5273 (embedded, bottom of article), a bill that seeks to cement Michigan’s recently-passed intrastate crowdfunding exemption by creating secondary markets where crowdfunded shares can be traded. The bill’s primary sponsor is a… Read More

February 17, 2014 @ 11:18 am By Charles Luzar  |  

If we were tallying states up today, Kansas, Georgia, Michigan and Wisconsin have made equity crowdfunding legal and are in some stage of implementation. Alabama, Washington, Maine and North Carolina are all considering exemptions. Of course, that may change tomorrow. Amidst all the hoopla about a… Read More

February 2, 2014 @ 11:00 am By Charles Luzar  |  

The Michigan House Republicans shared this image of Governor Rick Snyder ceremonially signing Public Act 264 for 2013 establishing equity crowdfunding in Michigan. For more coverage, look to our previous articles below… Rep. Jenkins Hopes Crowdfunding Bill Will Be “A Real Win-Win For Michigan” A… Read More

December 31, 2013 @ 10:25 am By Charles Luzar  |  

Governor Rick Snyder has signed a Michigan intrastate crowdfunding bill into law according to a news release from his office on Monday. Predictions earlier this year that the bill could become law by the end of the year have come to fruition. Rep. Nancy Jenkins… Read More

December 21, 2013 @ 2:07 pm By Charles Luzar  |  

Some within Michigan political circles were predicting that an intrastate crowdfunding exemption in the state of Michigan could be signed into law by the end of the year. It seems that prediction may come to fruition, as the bill has now been vetted by both… Read More

December 16, 2013 @ 11:03 am By Charles Luzar  |  

Krazy Jim’s Blimpyburger has been a staple in Ann Arbor, Michigan for decades. The burger joint has been feeding students at the University of Michigan since 1953. Current owners Rich and Chris Magner met while working at the restaurant in the 1970’s. It was even… Read More

December 14, 2013 @ 12:54 pm By Charles Luzar  |  

Michigan entrepreneurs and crowdfunding advocates are celebrating momentous news out of the state yesterday. The Michigan intrastate crowdfunding bill championed by State Representative Nancy Jenkins had been unanimously approved in the Senate. It is now headed back to the House for final approval before it… Read More

December 4, 2013 @ 11:19 am By Dan Gilmartin, Dr. Elisabeth Gerber & Chris Miller  |  

What would happen if we could invest in businesses in our own communities? What would happen if that entrepreneur you know could raise the capital needed to start a business from friends and neighbors and investors who are intimately familiar with the project? Michigan citizens… Read More

November 19, 2013 @ 9:42 am By Charles Luzar  |  

Rep. Nancy Jenkins (R-57) was one of the sponsors of a bill in Michigan aimed at creating an intrastate crowdfunding exemption, enabling Michigan businesses to raise money from non-accredited Michigan investors in equity rounds. In this short video provided by the Michigan House GOP, Rep…. Read More

November 7, 2013 @ 10:41 am By Charles Luzar  |  

Michigan legislators are trying to get a state crowdfunding exemption onto the governor’s desk by the end of the year. This week they came one step closer to achieving that goal as the bill passed the house unanimously, continuing a trend of bipartisan support for… Read More

November 6, 2013 @ 10:12 am By Charles Luzar  |  

Real estate is a huge driver of growth in the crowdfunding space, and it plays an important role in furthering crowdfunding’s exposure in the global narrative. Real estate investing can provide a nice balance of safety and return, and these investments are backed by tangible… Read More

November 2, 2013 @ 1:59 pm By Charles Luzar  |  

The crowdfunding campaign for the RoboRoach didn’t come without its fair share of controversy when it launched on Kickstarter back in June. The campaign aimed to crowdfund Arduino-powered kits that integrated with a cockroach’s nervous system and turned the animal into a living robot that… Read More

October 28, 2013 @ 9:16 am By Charles Luzar  |  

Adrian, Michigan is a town of approximately 22,000 people and lies on the Michigan border between Ann Arbor and Toledo, Ohio, in the heart of the rust belt. It’s a far cry from San Francisco, New York or Austin. Amy Cortese (pictured, right) visited the town… Read More

October 9, 2013 @ 8:37 pm By Charles Luzar  |  

It has been a busy week in the world of intrastate crowdfunding legislation. Yesterday we reported on Michigan introducing a crowdfunding bill. Yesterday the Wisconsin Assembly passed a similar bill. The bill will now make its way to the Senate. Thus far Wisconsin Governor Scott… Read More

October 8, 2013 @ 9:12 am By Charles Luzar  |  

On September 18th of this year a bill was introduced by Republicans in the Michigan House of Representatives (embedded, below) that would effectively legalize intrastate equity crowdfunding in the “Great Lakes State.” The bill would amend Section 202 of the Uniform Securities Act of 2002,… Read More

June 5, 2013 @ 9:18 am By UofMHealth.org  |  

ANN ARBOR, Mich. — Crowd funding is all the rage these days, with everyone from charities to start-up companies offering ways for masses of people to kick in small amounts of money that together can make big things happen. But could that concept work for medical… Read More