Better Together Through NC3

V.3, N.28

When a half dozen of us came together in Monterey, California, in 2017 to formalize the creation of the National Coalition for Community Capital (NC3), our objective was to facilitate local investment at the state, county, and local levels. The federal government had taken five years to formulate regulations and implement the 2012 JOBS Act legalizing investment crowdfunding, and to many of us, it appeared that the responsible federal agencies, the SEC and FINRA, were dragging their feet. Impatient with the feds, we helped pass dozens of crowdfunding laws at the state level to support localized crowdfunding.

Today, the landscape has changed. The feds have gotten comfortable with crowdfunding, loosened up some of their initial regulations, and state statutes have largely been sidelined. Now, the focus has shifted to investment funds, and NC3 is leading the way seeding community fund designs that comply with existing law and expanding funds options by reforming national laws. NC3 just held a conference in Lansing, Michigan, attended by more than a hundred movers and shakers in the local investment movement.

Today’s interview is with Katharine Gilman, the executive director of NC3, who shares her thoughts on what came out of the conference. If you missed this conference (as I did, because of minor eye surgery), you won’t want to miss their upcoming events. And if you want to create an investment fund in your own community, please reach out to Katharine.

You will also find our latest listings of local companies and investment funds that you can invest in. Please check them out. If you like what you see, please click one of the buttons below.

- Michael Shuman, Publisher

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