IMMEDIATE RELEASE: Monday April 2, 2012
MBRT Hails JOBS Act Passed by Congress to Strengthen Small Businesses
- Praises both Republican & Democratic Leadership for Bipartisan Cooperation
- Enables Startups to Gather Investors Through Crowd Funding
- Allows Small Businesses to Advertise for New Investors
- Encourages Investments by Removing Red Tape
- Increases Capital Access for High-Growth, Job-Creating Businesses
- Ensures More Time & Flexibility to Grow
- Strengthens Community Banks so They Can Lend More
Washington, D.C. – “We applaud Congressional and Obama Administration efforts to provide access to capital and sustain financial recovery and maintain economic viability for our Nation’s small and minority businesses through the JOBS (Jumpstart Our Business Startups) Act ”, said Roger A. Campos, President & CEO. “These bipartisan measures will increase capital formation and spur economic growth, and pave the way for more small-scale businesses to go public and create more jobs. The JOBS Act was an opportunity for both parties to work together and deliver results on areas of common ground that boost small businesses for America’s job creators – small and minority businesses - that are desperate for capital to fuel their businesses.”
“Only half of small businesses who sought loans last year were able to get them, according to a Pepperdine University study. One aspect of the legislation allows selling small amounts of stock to a large pool of individuals. This was a controversial provision, but worth the risk to jumpstart the flow of capital for entrepreneurs and allow companies to take their ideas to smaller investors”, said Campos.
About the Minority Business RoundTable:
The Minority Business RoundTable is the only national non-profit organization for CEOs of the nation's leading African-American, Asian-American, Hispanic-American, Native-American and other minority-owned businesses. Its members analyze and help formulate effective public policies that impact minority-owned business. Our corporate members work to create sustainable communities and national economic viability through successful partnerships.
The Minority Business RoundTable is proud to have Johnson & Johnson, GlaxoSmithKline, Equifax, the Allegis Group and Aerotek, Inc., IMPAC Real Estate Holdings, the Business Roundtable, an association of chief executive officers of the country’s leading corporations, the Small Business Administration, Department of Homeland Security, Department of Energy, Department of Commerce, Minority Business Development Agency and other federal agencies, corporations and business trade groups as strategic partners. For more information on the Minority Business RoundTable, please visit www.mbrt.net.
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