Frankfort, Ky.: A bill to use a state-run “crowdfunding” platform to help Kentucky entrepreneurs raise capital is on lawmakers agenda in the 2015 Kentucky General Assembly’s session starting Jan. 6.
Rep. Steve Riggs, D-Louisville, has prefiled legislation to create online crowdfunding investment opportunities in Kentucky for those seeking to launch or expand a business. The legislation proposes to create an online platform for Kentucky entrepreneurs that functions much like the popular website Kickstarter.com. Once up and running, anyone can review the posted business ideas and invest in those they find promising. Likewise, the public’s response helps those posting opportunities judge their idea’s viability.
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