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.
In the infographic below by Fundable and EarnMBAdegree, you can see how the JOBS Act is behind the recent boom in crowdfunding and the effect it has on small businesses and startups around the US.
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.
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