Kentucky representative, Steve Rigg, announced on Monday (August 25th) that he is filing new crowdfunding legislation to bring the funding option to his growing, entrepreneurial state. The General Assembly will reconvene in January but the bill is up for discussion now.
Riggs stated,
“This form of investment, which enables entrepreneurs to tap into a pool of hundreds if not thousands of investors, has taken off in the last couple of years. Kickstarter is the most widely known effort, but we’re starting to see states localize this approach as well, which is making it easier for home-grown businesses to raise the money they need to get off the ground. I think its time for Kentucky to take part.”
Image: http://www.crowdfundinsider.com
