California is in the process of attempting to pass legislation, once again, to legalize intrastate investment crowdfunding. If the proposed bill becomes law, California will join dozens of other states that enacted similar regulations to help fund small and emerging companies within their boundaries by matching interested investors with promising small firms. Since California is an enormous regional economy and home to the hottest startup scene in the world, enacting state rules may have significant impact on driving economic growth and of course more jobs.
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