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Chamber, E-Center host town hall meeting on new crowdfunding law for business startups

Tuesday, July 22, 2014

RELEASE 14-013

What: The Decatur-Morgan County Chamber of Commerce and the Decatur-Morgan County Entrepreneurial Center will host a town hall meeting on the State's new crowdfunding law, allowing small business and startups to raise up to $1 million for an enterprise through the process of securing financing from backers – the "crowd" – to fund an initiative, the collection of which usually occurs online.

The meeting will address the new law, how to apply, "dos and don'ts" when raising capital and provide time for a question-and-answer session.

Who: Ed Reed, deputy director for administration of the Alabama Securities Commission, will be the keynote presenter during the meeting. Reed has been with the Commission since January 1993, and was promoted to his current position in 2012 where he assists the director with administrative responsibilities in the overall operation of the Commission. He was appointed deputy attorney general in January 2009, and assumed the position of general counsel for the Commission. In these capacities, he advised, investigated and prosecuted illegal and fraudulent actions surrounding the sales of securities throughout the State of Alabama.

State Sen. Arthur Orr (R-Decatur) and State Rep. Terri Collins (R-Decatur) will also be part of the meeting.

When: Monday, Aug. 11, 4-5:30 p.m.

Where: Alabama Center for the Arts, 122 2nd Avenue, Room 118, Decatur

To Attend: The event is free and open to the public. To attend, contact the Chamber at (256) 353-5312. The deadline to RSVP is Aug. 7.

For Media: Please contact Grant Thompson to RSVP for the event.

The Chamber thanks its Strategic Partners for their support.

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