State Nears Adoption Of Equity Crowdfunding Rules

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By Andre Eggert, Twin Cities Business

“Minnesotans of all incomes might soon be able to make equity investments in local companies not unlike how they give money to Kickstarter campaigns.

The ability to do so is thanks to MNvest, legislation that “aims to provide wider, cheaper and faster access to funding for companies and entrepreneurs,” according to the organization by the same name lobbying the effort. MNvest was signed into law in 2015 as part of an omnibus spending bill, but it needed to complete the 22-step process of rulemaking that can sometimes takes years.”

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