The State of Entrepreneurship

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The State of Entrepreneurship

A monthly email highlighting notable events, programs, and announcements regarding entrepreneurship in Indiana.

March 28, 2014

Investment Crowdfunding Now Legal in Indiana

On March 25th, Governor Pence signed Senate Bill 375 which removed the $1 million limit that entrepreneurs could raise from accredited and non-accredited investors. It also allows startups and smallbusinesses the opportunity to advertise that they are raising funds. This new law will have a major impact on Hoosier entrepreneurs raising capital and soliciting funds. To date, the federal government has not decided how they want to structure investment crowdfunding, which has left states like Indiana to create their own investment crowdfunding laws.

For more information, read Crowdfund Insider’s article on the bill or read the full legislation here.

2013 ISBDC Impact Numbers

Year-end economic impact data from the ISBDC are in. Every dollar invested in the ISBDC last year resulted in $52 of new capital for the businesses they served. Each job created by clients receiving support from the ISBDC cost the state of Indiana just $212.These numbers illustrate how our consulting services create a positive return on investment to the state. For more information on how the ISBDC had a measureable impact on the Indiana economy in 2013, please view our latest infographic.

CTW Nominations Extended

The nomination and application period for the seventh annual Indiana Companies to Watch (CTW) awards program have extended through Friday, April 4th. CTW highlights high-growth Hoosier businesses that make a positive and measureable impact on the Indiana economy. Nominate a high-performing second-stage company today. We’re looking for winners across Indiana in both urban and rural markets.

I look forward to sharing the State of Entrepreneurship next month and to continue to assist Indiana entrepreneurs start stronger, grow faster, and work smarter.

Jacob Schpok

Jacob Schpok

ISBDC State Director
OSBE Executive Director

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