Date: May 6, 2022
To create the 'Community Capital Program', attached to the Department of Economic Development and Commerce (DDEC), to provide small and medium-sized enterprises (SMEs) and local investors with the training, support and tools necessary to take advantage of the Jumpstart Our Business Startups (JOBS) Act and the corresponding regulations issued by the Securities and Exchange Commission, known as Regulation CF, which make available to SMEs another alternative for raising capital, known as crowdfunding or equity crowdfunding; define the responsibilities of the Secretariat of Economic Development and Trade for the Program; provide for the submission of an Annual Report on the Program's performance; and for other related purposes.


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