New laws in the US, passed in 2015, mean the same everyday folks who have backed video games and kitchen gadgets on platforms such as Kickstarter will be able to put thousands of dollars into building a shopping center, for example, or developing a trailblazing vehicle. Companies can now raise up to $4 million from nonaccredited investors, who do not need to meet income or net worth requirements. Why is this relevant? Well, this could be a “game changer” for neighborhood businesses, Chicago Tribune writes. Individual citizens could support their favorite pizzeria or renovate a neighborhood building, putting up money in exchange for a small piece of equity.
Small neighborhood businesses could benefit from relaxed crowdfunding laws
More of Today's Solutions
Try this simple breathing exercise to rid yourself of cold hands and feet
Do you often find that your hands and feet are colder than the rest of your body? This can be perplexing, especially when gloves ...
Read MoreRoman jars reveal the secrets of ancient winemaking
Archaeologists are still putting the full story of human history together. From the discovery of a Viking shipyard in Sweden to the Sistine Chapel ...
Read MoreCancer detection breakthrough revealed via butterfly-inspired imaging
In the world of sensory perception, other creatures frequently outperform humans. A research team has created an imaging sensor that looks into the elusive ultraviolet ...
Read MoreAdvancements in vision restoration: CRISPR gives hope to patients
In a revolutionary development, CRISPR gene editing emerged as a beacon of hope for people suffering from genetic blindness. The results of a Phase ...
Read More
