The Honorable Tom Murry
North Carolina House of Representatives
16 W. Jones Street, Room 2121
Raleigh, NC 27601-1096
Re: H680 - NC JOBS Act
Dear Representative Murry:
Thank you for introducing H680, the NC JOBS Act of 2013, which enables a new form of financing for small business called investment crowdfunding. The North Carolina Technology Association is the statewide industry group for the tech sector, representing over 600 member companies that employ over 100,000 North Carolinians. We agree that the intrastate investment crowdfunding exemption as defined by H680 represents a great opportunity to fund new technology companies and create more jobs in North Carolina.
We like the fact that the exemption is a safe, fair, and easy to implement version of investment crowdfunding that is similar to the Reg D 506 funding model that is already used by hundreds of North Carolina start-ups every year. We also like the fact that the investor and small business protection requirements in the Act have been reviewed and enhanced by the North Carolina Secretary of State's Securities Division, the NC Bar Association Securities Committee, and crowdfunding industry experts including the NC JOBS crowdfunding team.
North Carolina has a reputation as a technology center and a great place to start a business, and the NC JOBS Act will make it even better. We urge all North Carolina legislators to support the NC JOBS Act.
President & CEO
North Carolina Technology Association
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