MNvest’s push for equity crowdfunding in Minnesota hit a major milestone last week when the draft bill was officially submitted to Senate Counsel for preliminary review.
Once reviewed, the proposed legislation will head to hearings in front of the House and Senate commerce committees, likely mid-January.
Encouraged by stakeholders and MNvest event attendees, the bill’s language includes a $10k individual investment limit per offering, versus a $10k annual investor cap.
“We appreciate all the enthusiasm and support received so far from the startup business community,” says Zach Robins. “This is a big step towards democratizing investments in Minnesota.”