Most Active Stories
- Auto workers petition to block UAW, 2015 red snapper season and Cycling League state championship
- Restraining order against Lear Corp, First Lady at Tuskegee and Tallapoosa County tax vote
- Gambling bill hearing, potential mental health cuts and Alzheimer's research
- Red Snapper Season, Alabama High School Cycling League
- Where Poor Kids Grow Up Makes A Huge Difference
Sat January 4, 2014
Ala. Could Legalize New Avenue For Small Business
Alabamians trying to start small businesses in a tough credit market may soon have a new method that will allow them to raise small amounts of capital from many Alabama investors.
Republican state Sen. Arthur Orr of Decatur says he will sponsor a bill in the upcoming legislative session to allow "crowd funding." It would cap investors at $5,000 each and would limit crowd funding to $1 million per business.
The director of the Alabama Securities Commission, Joe Borg, says it's an idea whose time has come. He said businesses will still register with the Securities Commission, but they won't have as much paperwork or expense as traditional ways of raising capital.
Alabama Securities Commission
Politics & Government