Access to capital: The key to unleashing small business hiring – The Hill’s Congress Blog

Access to capital: The key to unleashing small business hiring – The Hill’s Congress Blog.


JOBS Act a win for startups and economy

JOBS Act a win for startups and economy

Invitation to chat with

On Monday 4/9 at 12pm EST, is hosting a live chat with their leadership group about establishing standard principals and regulatory framework in the crowdfunding industry. sent the release below to SoMoLend and we would like to invite everyone interested to participate in this awesome opportunity!

Chat live with the leadership group behind the initiative to define a regulatory framework for the crowdfunding industry.

As President Obama signs the JOBS Act into law at 2pm EST on April 5, 2012, a leadership group consisting of equity and debt crowdfunding platforms and industry experts including legal, securities and SEC experts, have mobilized to explore the development of a self-regulatory framework for the crowdfunding industry. The JOBS Act requires that all equity and debt crowdfunding platforms be a member of a national securities association.  This leadership group will explore the various paths to meet that requirement in ways that protect investors and support a vibrant industry.

Chat live on with representatives from this group at 12pm EST/9am PST on Monday 9 April to ask questions and offer input regarding key elements of the framework including principals that will:

  • Establish strong protections for investors in the form of an Investor’s Bill of Rights, including tests to assess investors understanding of risk, criminal background checks on issuers, and adequate disclosures by issuers;
  • Ensure confidentiality of investors’ personal financial information;
  • Ensure that investors do not exceed statutory investment limits, by implementing standardized reporting and communication among platforms;
  • Establish standard communication processes for transparent flow of information between the issuer, the investor, the intermediary and the regulatory agency;
  • Develop a code of conduct for crowdfunding platforms, with enforcement mechanisms to punish bad actors;
  • Create a recognizable brand common to trustworthy intermediaries.

If you would like to participate, email Carl Esposti at with your name, company, and title so that they can include your information in the announcement.

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25 Cincinnati Business Leaders Visit the White House

On Friday, March 30th, 25 of Cincinnati’s top business professionals are visiting the White House to speak with senior administration officials on Friday with Mayor Mark Mallory. It is an honor that the group of Cincinnatians includes a Bad Girl Venture’s Graduate, Heather Curless of Greener Stock! While in Washington, the group will be giving their input about job creation, workforce development, manufacturing, access to capital, and the economy as a whole, among other topics. Being among the cities chosen, Cincinnati is fortunate to be invited to participate, both in receiving and giving information to the White House.

We would like to know your opinions about the White House visit that is occurring tomorrow. Take a look at the article in the Business Courier and tell us your reaction!

Is this invitation steering America’s economy in the right direction for job stimulation?

Do you see this as an opportunity to tell the White House what real business owners are concerned about?

Do you think the administration will listen what these business owners are asking for to grow in this economic environment?

Given the topics they are going to discuss, what would you want to ask?

You can submit your answers and questions by replying below. Our goal is to provide some answers upon their return!

Senate Passes Crowdfunding Bill!

The Senate has approved (73-26) the JOBS Act with amendments from Senator Jeff Merkley‘s CROWDFUND Act. Under the Senate bill, entrepreneurs will be able to raise up to $1 million per year through online crowdfunding platforms like SoMoLend. The bill includes added protection for non-accredited investors. The amount investors will be able to lend will depend on their income with some individuals capped at $2,000. 

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