On April 5th the President of the United States Barack Obama signed a legislation which wold benefit the likes of an entrepreneur. The Jumpstart Our Business Startups (JOBS) Act reduces many of the regulatory barriers that have, up to this point, made it nearly impossible for young startups to raise much-needed capital from investors.
Generally most U.S. small business owners end up in credit card debt and bank loans instead, or they give up so much equity up-front that they can’t fuel the growth — and therefore, the hiring — that actually drives the economic engine of this country. Up to this point 88% of Americans age 16-39 felt that the government did not support them. The signing of this Act would now give them renewed hope as the government may have realized the young people are the ones who are going to bring this country forward in the up coming years.
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