Legislation allowing intrastate crowdfunding in Michigan, which will allow the sales of securities to an unlimited number of non-accredited investors, passed unanimously in the Michigan Senate. As the bill heads back to the House for final approval and then to the Governor's desk, Crowdfund Insider circulated documents prepared by Ford School students Christopher Falcone (MPP '14), Matthew Papadapoluos (MPP/MA '13), Erin Sullivan (MPP '14), and Jessica Teng (MPP '14) detailing the basics of equity crowdfunding and a framework for potential investors and businesses to consider before using the exemption.
The students worked on this issue as part of their Applied Policy Seminar, now called Strategic Public Policy Consulting or SPPC, taught by Professor Elisabeth Gerber. Falcone, Papadapoluos, Sullivan, and Teng looked into the potential of equity crowdfunding to spur economic development with their Applied Policy Seminar client, Chris Miller, downtown development authority and economic development coordinator for the city of Adrian, Michigan.
Crowdfunding guides prepared by Ford School students circulated by Crowdfund Insider
December 14, 2013