Another weapon in the economic recovery and job creation quiver, the JOBS Act (Jumpstart Our Business Start-Ups Act) may be just what the doctor ordered.
President Obama is moving America forward and wants to sign the Jobs Act! Reuters analysis also just pointed out that the “U.S. Jobs Act could help the least flashy start ups raise capital.” When it’s passed, the goal is that small start ups will have a lot easier go at raising investor capital and individual investors will be able to take some chances on start ups, through regulated crowd sourced capital formation, to rebuild from losses accrued in the collapse of real estate market. Is this the accelerator local communities and main street USA could use?
We put together an infographic on why this might make sense, given current factors in the operating environment. Of course there are critics abound alleging that average American business have Groupon disclosure challenges (see the Wall Street Journal today), small businesses creating jobs is a myth, failure rates are too high and greedy predators of every kind are abound. However, this is not being advanced as a cure all by either party. It looks like a coordinated attempt at leveling the recovery and retrenching field beyond folks with oodles of capital on their balance sheets and power relationships tied to status and money. Here it is…
