Want To Crowdfund Some Cash? Not So Fast Says Commerce Department



By Karlee Weinmann, Finance & Commerce

“Minnesota entrepreneurs got a boost when lawmakers approved looser fundraising restrictions for the state’s businesses, but it’s unclear when they’ll be able to cash in on the rule change.

Gov. Mark Dayton approved the measure on Saturday as part of a reworked jobs bill that emerged in the special session. A new program, MNvest, taps into a federal securities law exemption to allow capital-hungry companies to seek funding from all Minnesotans, not just cash-flush accredited investors.”