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Community Capital Accelerant
- Author(s):
- Christopher Miller
- Date:
- 2021
- Group(s):
- MSU EDA University Center: Regional Economic Innovation
- Subject(s):
- Michigan, Economic development, Business, Public policy (Law), Individual investors
- Item Type:
- Presentation
- Meeting Date:
- 2021
- Tag(s):
- #Equity, #Economic, #Development, #EconomicDevelopment, #EconomicDevelopmentAdministration, #EDA, #CommunityCapitalAccelerant, #Michigan, #Investments
- Permanent URL:
- https://hcommons.org/deposits/item/hc:55889/
- Abstract:
- The project intends to increase the number of Michigan projects utilizing Community Capital. Community Capital refers specifically to financial capital that is locally sourced from both accredited and especially non-accredited investors. The goal is to expand projects using local investors to start, support, or expand a Michigan business. The scope of works includes identifying local champions who have been involved in donation or investment crowdfunding campaigns, helping them build local investment teams, providing materials and support, and helping launch new Community Capital campaigns. In addition, part of the outreach will present information about a bill introduced in the Michigan Senate (SB13 of 2021) and House (HB4116) that would provide a first in the nation income tax credit equal to 50% of any investment made in any Michigan business by Michigan residents.
- Metadata:
- xml
- Status:
- Published
- Last Updated:
- 6 months ago
- License:
- Attribution
- Share this:
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