Stay Informed on News and Policy

GCP submits testimony on importance of access to capital

On June 13th, the Greater Cleveland Partnership submitted testimony to the Ohio House Financial Institutions, Housing, and Urban Development Committee regarding House Bill 10 (HB 10), legislation that would permit intrastate crowdfunding in Ohio.

Building capacity and improving access to capital for businesses across the state is just one of the many important undertakings outlined by GCP members in the GCP 2017-2018 Public Policy Agenda.

HB 10 would allow Ohioans to invest in businesses through an online OhioInvests portal.

“Access to capital promotes stability and greater predictability and can allow entrepreneurs to create jobs and thrive in an ever-changing environment,” said Marty McGann, the GCP’s senior vice president of advocacy.

“The importance of continuing to make strides to maintain an economic environment conducive to startup entrepreneurship cannot be understated, and the need for Ohio to not lose ground on strides made in other states is critical to our collective success.”

Click to read the GCP’s full testimony.