ICYMI: High-tech Innovation Thrives in Little RockFor more information, contact: Mike Siegel, (202) 225-2506
Washington, DC,
April 6, 2017
Today, the House passed H.R. 1219, the Supporting America’s Innovators Act, by a bipartisan vote of 417-3. The 2012 Jumpstart Our Business Startups (JOBS) Act has been successful in encouraging capital formation for small businesses and start-up companies. H.R. 1219 would build upon that success and allow more companies access to angel and venture funding by increasing the limit on the number of investors that can participate in a fund, encouraging innovation and promoting economic growth. Watch Congressman French Hill’s (AR-02) floor statement prior to the vote: Hill said: Yesterday marked the fifth anniversary of the signing of the JOBS Act, which has had a positive impact in easing capital formation woes for small businesses and start-ups. I am proud to represent and have the opportunity to be involved with the Venture Center and its FinTech Accelerator and the Innovation Hub in North Little Rock and its medical technology innovation. These high-tech innovations combined with angel funds give good-paying job opportunities to people in the Heartland and not just the East and West Coasts. But in order for these innovative start-ups to grow, they’ve got to have access to greater sources of angel capital, and raising capital in rural America is a challenge. Having helped design and offer private placement for emerging companies during my whole career and participating in angel funds prior to coming to Congress, I know firsthand the importance of having a multitude of options for our small businesses to raise capital. |