Is the Jumpstart our Business Startups Act behind the boom in crowdfunding? We look at the effects it has had on small businesses.
In the United States, one of the key issues - which we'll continue to hear about during the presidential election - is how small business owners and entrepreneurs will be supported and empowered as the world economy continues to recover. To show their support of the “backbone of the economy”, the president and Congress passed the Jumpstart Our Business Startups (JOBS) Act in April 2012. Ultimately, this act allows businesses to raise capital from individual investors – otherwise known as crowdfunding.
While the jury is still out on whether or not this will have a positive or negative impact on the economy, it's certain that this act opens the door for thousands of entrepreneurs as they try to kickstart their new ideas as well as find support in the online community.
Will the JOBS Act help improve the economy? Do you think crowdfunding will start impacting business beyond startups and small business? Join the discussion in the Real Business poll.
Photo via Flickr / Allison Harger