New laws in the US, passed in 2015, mean the same everyday folks who have backed video games and kitchen gadgets on platforms such as Kickstarter will be able to put thousands of dollars into building a shopping center, for example, or developing a trailblazing vehicle. Companies can now raise up to $4 million from nonaccredited investors, who do not need to meet income or net worth requirements. Why is this relevant? Well, this could be a “game changer” for neighborhood businesses, Chicago Tribune writes. Individual citizens could support their favorite pizzeria or renovate a neighborhood building, putting up money in exchange for a small piece of equity.
Small neighborhood businesses could benefit from relaxed crowdfunding laws
More of Today's Solutions
All city buildings in Chicago are now powered by renewable energy
BY THE OPTIMIST DAILY EDITORIAL TEAM Chicago entered 2024 with a landmark achievement: every one of its 411 municipal buildings, from City Hall to ...
Read MoreHow unique leopard calls could impact conservation
BY THE OPTIMIST DAILY EDITORIAL TEAM Leopards, renowned for their stealth and solitary nature, have always been challenging to study. However, groundbreaking research revealed that ...
Read MoreThese solar-powered barges can scoop up 50 tons of plastic from rivers each day
While removing the plastic waste that currently contaminates the ocean today will be crucial for protecting marine ecosystems, it is arguably more important that ...
Read MoreWashington’s first human compost company is open for business
Washington passed a law in 2019 allowing citizens to compost themselves after death for a more sustainable burial process. Fast forward a year later ...
Read More
