On October 31, the Ohio House Financial Institutions Committee received testimony from the Greater Cleveland Partnership (GCP) regarding House Bill 312 (HB 312), 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 our members in the 2019-2020 GCP Public Policy Agenda. Access to capital promotes stability and greater predictability and can allow entrepreneurs to create jobs and thrive in an ever-changing environment. The importance of continuing to make strides to maintain an economic environment conducive to startup entrepreneurship cannot be understated and the need for Ohio not to lose ground on strides made in other states is critical to our collective success.
HB 312 would allow Ohioans to invest in businesses through an online OhioInvests Portal.
To read the entirety of GCP’s submission to the Ohio General Assembly on HB 312 click here.