Wednesday, June 25, 2014

NC JOBS Act Update

As of today, we are still waiting for action from the North Carolina Senate on the NC JOBS Act.

Two important updates:

Update 1:

There has been a significant grass roots effort over the last two weeks to encourage our Senators to pass this bill. The start-up and small business community has been emailing and calling key Senators, which is very helpful. Over the weekend, the NC JOBS Act team put together a Community Statement of Support, and got an excellent response. Many thanks to all of you that called, emailed, or signed the letter. 

The statement has been forwarded to the Senate along with this introduction:

Dear Senators:

Attached is the Community Statement of Support for the NC JOBS Act (H680) that our team worked on this weekend. We urge you to pass H680 this session.

This legislation enables a new type of financing in our state known as intrastate investment crowdfunding. It has been endorsed by many of the top start-up and business leaders in the Triangle community. The attached list includes endorsements from CEOs, Founders, Managing Directors, Partners, and Investors at our leading Start-up Accelerators, individual Angels and Funds, Venture Capital Funds, a leading CPA firm, the North Carolina Technology Association, the North Carolina Biotechnology Center, SAS Institute, UNC Chapel Hill Technology Development Center, Triangle business attorneys, and many of our local technology start-up CEOs. This is a strong showing of support that we received over the last 72 hours. These start-up community leaders are representative of the over 12,000 start-up and small business community members that have visited our NC JOBS Act blog to learn more, and are excited about the possibilities.

Please forward this letter of support to your colleagues in the NC Senate and House. Please help us make this new form of financing for start-ups and small businesses a reality so we can grow the economy and create more jobs in North Carolina. Pass H680 now.

Thank you.    

Best regards,

Mark Easley Sr.
The NC JOBS Act Team

Update 2:

Lieutenant Governor Dan Forest has joined the community of supporters of the NC JOBS Act. We received this letter of support from his office.

Thank you for your e-mail on H680, The Jump-Start Our Business Start-Ups (JOBS) Act. Lieutenant Governor Dan Forest believes that this bill is an important step towards growing North Carolina businesses by allowing start-up companies and companies that wish to expand the ability to quickly raise capital from smaller investments, often called crowd-sourcing or crowd-funding. As a result, businesses will be able to establish themselves in their market on an expedited basis and employ more North Carolinians sooner--all while having many citizens invested in the company's success.  The Lieutenant Governor supports passage of this bill as a well-thought out mechanism to ease the burden on North Carolina's start-ups.

Rebekah Bradley
Office of the Lieutenant Governor
310 N Blount Street
Raleigh, NC 27601

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