This document discusses a new Oregon law that allows communities to invest in local businesses through community public offerings (CPOs). The law enables citizens to invest directly in local enterprises and strengthen their economies. It creates opportunities for entrepreneurs to raise capital from within their communities. Since the law took effect in January, several Oregon companies have already raised over $100,000 from local investments of around $1,000 each. The document provides an overview of the CPO process and concepts like intrastate offerings, termsheets, and technical service providers. It also offers frameworks for evaluating local investment opportunities and examples of how individuals approach impact investing.
Marketing & The Business "Stuff" - What Social Enterprises Need to Know!Olwen Dawe
Presentation given to the "Fostering Community Enterprise Resilience in Roscommon" conference, March 2013. An overview on the role of business techniques in social and community organisation's sustainability.
A series of meet the funders events hosted by Hackney CVS to allow charitable organisations to interact directly with funders and better understand their priorities.
The presentation was a workshop at Evolve 2014: the annual event for the voluntary sector in London on Monday 16 June 2014.
The presentation was chaired by Craig Carey from Social Enterprise UK and looks what a social enterprise is and how to earn sustainable income.
Find out more about the Evolve Conference from NCVO: http://www.ncvo.org.uk/training-and-events/evolve-conference
Marketing & The Business "Stuff" - What Social Enterprises Need to Know!Olwen Dawe
Presentation given to the "Fostering Community Enterprise Resilience in Roscommon" conference, March 2013. An overview on the role of business techniques in social and community organisation's sustainability.
A series of meet the funders events hosted by Hackney CVS to allow charitable organisations to interact directly with funders and better understand their priorities.
The presentation was a workshop at Evolve 2014: the annual event for the voluntary sector in London on Monday 16 June 2014.
The presentation was chaired by Craig Carey from Social Enterprise UK and looks what a social enterprise is and how to earn sustainable income.
Find out more about the Evolve Conference from NCVO: http://www.ncvo.org.uk/training-and-events/evolve-conference
Entrepreneurship has traditionally been defined as the process of designing, launching and running a new business, which typically begins as a small business, such as a startup company, offering a product, process or service for sale or hire, and the people who do so are called 'entrepreneurs'.
The Road to Renaissance initiative was the first comprehensive strategy developed to accelerate economic growth for the entire Detroit region.
The initiative was launched in 2006 by Business Leaders for Michigan (formerly Detroit Renaissance) and was based on extensive research and community input, including:
– Benchmarking 6 national & global regions
– Analyzing the region’s workforce & business strengths
– Reviewing 15 previous regional studies
– Obtaining input from 650 leaders/500 organizations
Final recommendations were released in 2007 with work continuing through 2011 and beyond. This is the final summary of our results.
Entrepreneurship has traditionally been defined as the process of designing, launching and running a new business, which typically begins as a small business, such as a startup company, offering a product, process or service for sale or hire, and the people who do so are called 'entrepreneurs'.
The Road to Renaissance initiative was the first comprehensive strategy developed to accelerate economic growth for the entire Detroit region.
The initiative was launched in 2006 by Business Leaders for Michigan (formerly Detroit Renaissance) and was based on extensive research and community input, including:
– Benchmarking 6 national & global regions
– Analyzing the region’s workforce & business strengths
– Reviewing 15 previous regional studies
– Obtaining input from 650 leaders/500 organizations
Final recommendations were released in 2007 with work continuing through 2011 and beyond. This is the final summary of our results.
In this webinar we cover basic principles to address diversity equity and inclusion, developing community wealth, strategies to build collaboration, and building local businesses and economies.
Leveraging Opportunity Zones to Support Regional Economic Developmentnado-web
During the 2019 NADO Annual Training Conference (October 19 - 22 in Reno, NV), Scott Dadson shared information creating investable communities and how to take advantage of the Opportunity Zone Program.
Raising Capital from Life Science Investors SecureDocs
This slideshare was originally part of the webinar raising capital from life science investors, hosted by SecureDocs and Life Science Nation. These slides outline the best ways to research, locate, and connect with various types of potential life science investors.
2015 Business Facilities LiveXchange Sponsor Information PresentationNeil Eisenberg
Business Facilities LiveXchange is the best opportunity for economic development agencies to meet one-on-one with corporate executives and site selection consultants who have active expansion or relocation projects -- and are looking for new locations for their businesses. Learn all about Business Facilities LiveXchange here.
The presentation was a workshop at Evolve 2014: the annual event for the voluntary sector in London on Monday 16 June 2014.
The presentation was chaired by Caron Bradshaw, Chief Executive, Charity Finance Group and looks at the practical issues around social investment, showcasing some of the products available, hearing from charities that have successfully used social investment and social investment providers.
Find out more about the Evolve Conference from NCVO: http://www.ncvo.org.uk/training-and-events/evolve-conference
Find out more about the work NCVO does around funding: http://www.ncvo.org.uk/practical-support/funding
The presentation was a workshop at Evolve 2014: the annual event for the voluntary sector in London on Monday 16 June 2014.
Nick Temple (Director of Business, Social Enterprise UK) discussed how an enterprising culture can help create opportunities that are both sustainable and innovative. This session used real examples to demonstrate how an enterprising culture can be developed within organisations.
Find out more about the Evolve Conference from NCVO: http://www.ncvo.org.uk/training-and-events/evolve-conference
EPIP and Public Allies partnered for the third webinar in a four-part webinar series: "the future of funding social change", with two NYU Law and Social Enterprise Fellows. Our presenters led us through an exploration of crowdfunding, discussing at length what this new tool means for the future of funding, philanthropy and social change and how it can be used to make an impact. In "Crowdfunding 101", these two social enterprise experts elaborated on the nuts and bolts of the process, examined how impending legal changes may take effect, and explored the potential consequences for funders, governments, fundraising and the social sector as a whole.
Speakers:
• Robert Esposito, Law and Social Enterprise Fellow, NYU
• Shawn Pelsinger, Law and Social Enterprise Fellow, NYU
Similar to R2R2 June 2015 - Lisa, Kristin, Heather (20)
Open Platforms & Data Smarts: How We Can Do Good BetterKristin Wolff
Panel Presentation to the National Association of Workforce Boards 2016 Annual Forum, Washington, DC. Panelists: Jenna Leventoff (WDQC), Greg Weeks (WA, EDRC), Vinz Koller and Kristin Wolff (SPR).
Share Information, Change the World: Big Data, Small Apps, Smart Dashboards &...Kristin Wolff
Aimed at a workforce development, education, economic development audience, this presentation was shared at the National Association of Workforce Boards (NAWB) Annual Forum in March 2015.
HUD Sustainable Communities Learning Network Jobs Convening Participant Packe...Kristin Wolff
This is the packet (including agenda and resources) provided to participants in the HUD Sustainable Communities Learning Network Convening in Oakland, CA, October 2014. The convening was organized by NDRC, SPRA, and Strategic Economics.
Baltimore and Bay Area Sustainability Plans (HUD #SCLNjobs Convening, Oakland)Kristin Wolff
Baltimore (The Opportunity Collaborative) and the Bay Area (SPUR) have just completed sustainability plans required by the US Department of Housing and Urban Development Sustainable Communities Grants Program under which they were working. This presentation summarizes those plans.
HUD Sustainable Communities Learning Network Jobs Convening #SCLNjobsKristin Wolff
Slides from opening plenary, featuring Sandra Witt (@calendow), Virginia Hamilton (@USDOL), Martha Hernandez (@fundgoodjobs), and Jack Madana (@codeforamerica). Vinz Koller & Kristin Wolff (@social_policy) and Sujata Srivastava (Strategic Economics) served as hosts.
CWA #Youth2014 Social Media Session HandoutKristin Wolff
This is the handout from SPR's Social Media Session at #Youth2014. Hilariously, those "like" thumbs were not there in the original. Rather, they were just plane old bullets. Apparently, Slideshare thought better of that.
WEadership, Jobs & Sustainable DevelopmentKristin Wolff
Shared with HUD Sustainable Communities grantees at the December 2013 convening in Washington, DC. (Note: the first few slides supported a simulation exercise).
2. Who are we?
2
Kristin Wolff
Hatch Board Member (& business owner,
policy analyst) @kristinwolff #socent
#unjobs #workoutloud #startup #realchange
Heather Stafford
Assistant Director of Innovation &
Entrepreneurship @heathastafford
Business Oregon @BusinessOregon
Lisa Dawson
Executive Director
Northeast Oregon Economic Development District
@NEODD (Born & raised in Joseph, OR)
5. Today’s Goal
A shared understanding of the
law and the opportunities it
creates for entrepreneurs and
investors (that’s everybody) in
rural Oregon.
5
A shared understanding of the law and
the opportunities it creates for
entrepreneurs and particularly
investors (that’s everybody) in Oregon.
6. The Plan
• Introduction to the CPO
- Why & why now
- What
- How it supports NE Oregon’s
economic development strategy
• Personal Investment Framework
• Making it real! (Special guest: John
MacDougall)
6
15. A (Surprisingly) Short History
• May 27 first statewide team meeting.
• Division of Finance and Corporate Securities
(DFCS) decided to make it law through Admin.
Rulemaking, 3 Formal Reviews, instead of the
much longer route of becoming a statute.
• Rules became law January 15.
16. Enable citizens to launch enterprises
that improve communities.
Work with a number of local partners to counsel,
mentor, and train small businesses.
Partners in the CPO Initiative
17.
18. Why CPOs are Important
• Legal mechanism for entrepreneurs to
raise capital from the community
• Ordinary Oregonians and businesses
able now to gain (100 year apartheid)
• Entrepreneurs drive the deal
• Potential to inject hundreds of
millions of dollars into Oregon’s
economy (1% of Oregonian savings)
• Strengthen Oregon’s start-up culture
• Strengthen all regions of Oregon
19. Limiting Factors
• Credibility of Company
• Public Awareness of Opportunity
• Ability to Connect to Potential
Investors
• $250,000 Limit Raised by Company
• $2,500 Limit Invested by an Individual
in One Company
20. Current Status
1. Nine companies filed on Jan 15, and (7
days later) launched on Jan 22
2. In three weeks raised $100K ($207K today)
3. Average investment $1,000 (repeats)
4. Hatch provided over a dozen workshops
in preparation to the nine companies
5. Over 60 mentions in press (print, radio, TV)
6. Hatchoregon.com transactions
22. • SEC: Securities and Exchange
Commission (federal regulating body)
• Term Sheet: an individualized written
outline for a company’s stock offering
• Intrastate: Oregon based companies
(80% or more assets located in
Oregon) selling to Oregon Residents
Terms to Know
23. • Technical Service Provider (TSP): a small
business development center used to
review the companies business plan
• Community Public Offering (CPO):
Securities as form of “Crowdfunding”
• Oregon Intrastate Offering Exemption
(OIO): Exemption from securities
registration for domestic offerings
Terms to Know
24. 24
The Tricky Stuff
1. Unregistered: No one looks at the documents
2. Waiting Period: 7 days after filing
3. Advertising = Offering: the business is very
limited in what can be seen by anyone
4. Self-certification: A person must click a button
such as: “I am an Oregon resident” then they
can see the ad and offering documents
5. Documentary Evidence: Copy of driver’s
license, check, bill – enables purchase of
securities
25. Key Rules –
what the entrepreneur has to file
441-035-0110 Required Filings
1. Letter to Director of the Department of
Consumer and Business Services
2. Submitted copy of all advertising
material
3. Statement of meeting with TSP
4. Executive Summary (owners, amount,
use of funds)
5. Copy of Offering Disclosures (see next
slide)
26. Key Rules –
what the entrepreneur has to create
to offer to investors
441-035-0120 Required Disclosures
• The Team
• The Business
What is it, its history & current health, use of funds,
and material facts (including any risks)
• The Detail of the Sale
Type, Deal, Terms & Minimum / Maximum
27. What Kind of Community Do You Want?
What Companies Would You Support?
What Difference Can We Make?
Some Thoughts...
29. Businesses realize higher net incomes, create new, higher-wage jobs, increase product exports, consumers
spend and invest more within the region, non-profits and local governments meet needs and enhance
quality of life of citizens
Businesses are successful and adequately financed, individuals invest and spend money locally, locally-
produced food eaten in the region and more value-added food exported, more tourists spend more money
in the region, infrastructure meets demands of citizens, non-profits accomplish their missions, brownfields
returned to productive use, citizens informed and engaged, downtowns are vibrant
People will be trained, people and organizations will be assisted, projects will be developed and
implemented, funding will be invested
Activities will be conducted by NEOEDD staff and partners in each of the focus areas
Focus Areas: Entrepreneurial Development, Food System Development, Tourism Development, Non-Profit &
Government Support, Brownfields Redevelopment, Collaborative Planning, Partnerships, Leadership
30. • Partner Consensus
• Hire Hatch Innovation
• Develop Strategic Plan
• Establish Local Impact
Investing Opportunity
Networks
• Host Events – LIIONs, Speakers
• Offer Educational Workshops 30
31. Thinking About Local Investing
1.What makes it worth doing?
2.What kind of “returns” do you want?
3.How would you prioritize
opportunities you may choose to
review? (Price? Expected Return?
Timeline? Relationship? Impact?
Type of Deal?)
31
34. A Framework Focused on Community
1. Will it help stabilize and strengthen my local
economy?
2. Will it help start, expand, or support local
entrepreneurs?
3. Will it bring or maintain essential and/or desired
products and services that I want to see?
4. Will it circulate investing dollars in our region?
5. Will it forge key relationships with the business
community and citizens?
6. Will it help grow other forms of critical
community capital?