Josh James, the Utah Entrepreneur who co-founder of Omniture, will attend the White House signing of the JOBS Act, a series of bills designed to help small businesses and startups find funding, on Thursday, according to peHub.com.
"This bill makes a tremendous difference for entrepreneurs trying to get funding who are yet unproven," James said in a statement to the Deseret News. "Crowd funding is a fantastic trend. It certainly has some risks like all investing does but in today's modern age more people should be able to back entrepreneurs and businesses in which they believe."
The Jumpstart Our Business Startups, or JOBS, Act will allow companies to find funding and become publicly traded faster and easier by relaxing a set of regulations from the Securities and Exchange Commission.
Business leaders in Utah expect the JOBS Act to have a significant impact on the state.
Money flow from crowdfunding will be a relief to cash-strapped startups in Utah, said Alan Hall, former chief executive officer and chairman of MarketStar Corp. Deseret News
