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!!!
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 (
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 
2016 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.
Almost a year ago, the SEC proposed Contact Me:
Anthony J. Zeoli
Tel 773.983.9133
Fax 312.360.6520
anthony.zeoli@gmail.comBlogroll
Categories
Search Posts
Top Posts & Pages
- STATE OF THE STATES - List of Current Active And Proposed Intrastate Crowdfunding Exemptions (Updated)
- THE 4 TYPES OF CROWDFUNDING
- Changes To “Accredited Investor” Definition Recommended By SEC Staff; The Good, The Bad And The Ugly
- Illinois Crowdfunding Is Officially Here As VestLo Becomes The First Approved Illinois Intrastate Portal
- NASAA Brings Rule 506 Notice Filings Into The 20th Century With Launch Of Electronic Filing Depository (EFD) - But Is It Enough?
Follow me on Twitter
My Tweets
