Rep Kahles crowdfunding bill gains House approval

first_img23May Rep. Kahle’s crowdfunding bill gains House approval Legislation expands opportunities for small businessesRep. Bronna Kahle, center, recently welcomed Tecumseh Brewing Co. co-founder Kyle DeWitt, left, and city of Adrian Economic Development Coordinator Chris Miller, right, to speak in support of legislation she sponsored to increase opportunities for small businesses to crowdfund in Michigan.State Rep. Bronna Kahle’s legislation to update Michigan’s investment crowdfunding law, the Michigan Invests Locally Exemption, recently received overwhelming bipartisan approval in the Michigan House of Representatives.Michigan first adopted rules allowing crowdfunding in 2013. Currently, the law only allows Michigan residents to invest in Michigan-based businesses. Kahle’s legislation will expand the program so people can also invest in small businesses primarily doing business in the state and allows Michigan’s law to remain active under new Federal regulations.“Crowdfunding has created numerous opportunities for start-ups by allowing Michigan residents to invest in Michigan-based businesses,” Kahle said. “Expanding these investment options to more businesses will provide opportunities for further economic growth in our state.”Kahle recently welcomed Chris Miller, economic development coordinator for the city of Adrian, and Kyle DeWitt, general manager and co-founder of Tecumseh Brewing Co., to speak in support of the legislation before the House Commerce and Trade Committee. Tecumseh Brewing Co. was the first Michigan business to use crowdfunding to come up with start-up costs.“We didn’t come from money, so we really had to build from the ground up to get the funds we needed,” DeWitt said. “We owe a lot to crowdfunding. It was a great program for us. It allowed us to add 20 jobs to our community and help out with community service projects.”Miller said: “Michigan is one of the leading states in the ‘local capital’ movement that has swept across the country over the last three years. Investment crowdfunding, where all residents can invest in local businesses, is a powerful tool for communities across the state as they work to compete in the global economy. Representative Kahle’s bill to extend Michigan’s 2013 law is critical to continue Michigan’s leadership, and we appreciate Representative Kahle’s sponsorship and support for this important legislation.”House Bill 4305 now moves to the Senate Commerce Committee for consideration.### Categories: Kahle Newslast_img read more

ShareTweet

first_imgShareTweet bogsideDERRY POLICE WARN DRUG DEALERS: WE ARE COMING TO GET YOUR AFTER THREE ARRESTS OVER £3OOK SEIZUREDISTRICT JUDGE BARNEY MCELHOLMdistrict support teamdurrown parkKULAR COURTPSNITACTICAL SUPPORT GROUPwilliam street “The message is clear to drug dealers: “We are coming to get you.”DERRY POLICE WARN DRUG DEALERS: WE ARE COMING TO GET YOUR AFTER THREE ARRESTS OVER £3OOK SEIZURE was last modified: December 13th, 2016 by John2John2 Tags: Following an application by a defence solicitor, District Judge Barney McElholm imposed a reporting restriction that banned publication of their names.Both were remanded in custody to appear in court via video link from Maghaberry prison next month.Following their court appearance, the PSNI in Derry gave more details of the operation that led to their arrest, court appearance and remand in custody.They say the investigation into the seizure is ongoing and a third person has been arrested under the 1971 Misuse of Drugs Act.center_img The drugs seized by police on Sunday during searches in the Bogside and Williams Street areaTWO men have been remanded in custody after a suspicious vehicle led police to a haul of up to £3oo,ooo worth of drugs at the weekend.The men aged – 25 and 29 – were charged at Derry Magistrates’ Court today with a number of offences, including possession of Class A and Class B drugs and possession of Class A and Class B drugs with intent to supply.The 29-year-old faced an additional charge of possession of property in relation to the seizure of £4,000 in cash. A PSNI spokesperson said: “On Sunday evening members of Derry City & Strabane District Support Team (DST who were proactively patrolling City observed a vehicle acting suspiciously.“After stopping the vehicle DST carried out a search of the two men in the car.“Drugs were found which were believed to be cocaine.“This led police to carry out a number of house searches in the Bogside supported by our colleagues from the Tactical Support Group.”Two homes were searched in Durrow Park area of the Bogside and Kular Court in the William Street area.“Following very effective house searches by TSG, suspected cocaine of a conservative street value estimate of £200,000-£3oo,ooo were recovered along with other illegal drugs.“As a result of this excellent work two men in there 20’s were charged to court in the City. This morning District Judge McElholm remanded both in custody.“The DST investigation is still going on with a further arrest made and more to follow.“This signifant haul was destined for the people of our City and wider and has now been taken off the streets.last_img read more