2017 STATE OF THE STATES – List of Current Active and Proposed Intrastate Crowdfunding Exemptions (Updated)

LAST UPDATED: August, 2017

I don’t know about the rest of you out there but I have not yet found a website that accurately identifies each of the states that have currently enacted, or are in some stage of enacting, an intrastate crowdfunding exemption. As a result, for everyone’s sake (including my own) I decided to scour the internet and create my own list. I will attempt to keep this list as current as possible so please bookmark this page (or better yet, subscribe to my blog).

Also, if you have any comments (e.g. I missed something, a link is broken, my hair looks great in my profile picture, etc.) please feel free to contact me.

Now, without further ado, the LIST: Continue reading

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Freeborn’s Second Annual “Incubate Illinois” Conference Will Focus On Tech/Fintech

Last year we started the “Incubate Illinois Conference” which was designed to bring together Midwest incubators/ accelerators, VC/angel investors, and emerging businesses. The conference was a huge success and we are doing it again, only this time it promises to be bigger and better!!!

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HB 2946 – The New and Improved Illinois Angel Investment Tax Credit Program

For those who don’t know, Illinois has had an “Angel Investment” program since 2012 where investors who invested in qualifying companies would receive a 25% tax credit against their Illinois income taxes. Sounds great in theory, but the types of companies that would be eligible for qualification under this program are severely limited. Not to mention the fact that the program itself expired, pursuant to its terms, as of December 31, 2016. Given the significant beneficial impact an angel investment tax program could have on Illinois business, I drafted a bill (HB 2946) which will both reinstate and improve the Illinois Angel Investment program. As the bill itself is written in legalese (my apologies for that), I felt a summary of the proposed bill and how it actually will work was in order.

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Illinois Crowdfunding Starting Strong in 2017

While it took longer than expected to get here, Crowdfunding for Illinois businesses is now officially up and running and its full steam ahead. To mark the occasion, a joint press conference was held Tuesday at local incubator 1871 which I was privileged to be a part of. The true highlight of the conference however was the introduction of the three local companies now raising funds through Illinois crowdfunding.

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My 2017 Crowdfunding Wish List

wish-list-22016 brought with it many developments in the crowdfunding industry, most notably the introduction of the long-awaited Title III crowdfunding rules. While admittedly not all crowdfunding legislation passed this year was as influential, there have been significant strides made to improve existing securities regulations and to continue prying open the doors of capital and investment. There is still much more to be done however, and 2017 brings the potential for vast improvement. Here are some of the things I am hoping to see come to light in 2017.

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