While interstate crowdfunding is the home run small businesses and entrepreneurs are looking for, Illinois can immediately help its small business community by following the lead of its neighbors by allowing intrastate equity crowdfunding.  Intrastate crowdfunding not only provides business owners and entrepreneurs greater access to the capital needed to grow and thrive, but it will also foster investment in local communities.

The Intrastate Equity Crowdfunding Bill

 The SBAC has tendered an intrastate equity crowdfunding bill through the appropriate channels in Springfield and will work with legislators to ensure the final legislation incorporates the best elements of intrastate crowdfunding bills passed by other states. We look forward to working with fellow business organizations and forward-thinking policymakers to promptly bring intrastate crowdfunding to Illinois. Illinois is replete with innovative business owners and entrepreneurs looking to grow and create jobs. The Illinois legislature must demonstrate that same innovative spirit and pass legislation permitting equity crowdfunding.

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