An initiative to help retain growing businesses in the state is making its way through the legislative process.
Florida’s Office of Financial Regulation Commissioner Russell Weigel has created an initiative that would increase access capital for Florida businesses.
The ultimate goal of the initiative is to have Florida residents and businesses receive capital from within Florida, so the state can competitively retain these growing small businesses.
TiE Tampa Bay will host an event on Aug. 12 at Embrac Collective about the initiative dubbed Funding Florida’s Growth.
The panelists for the event include TiE Tampa Bay President Rich Heruska, Sara Hand of Bradenton-based consulting firm Spark Growth and TiECon Program Chair Allie Felix, the VP of Platform at Embarc Collective.
The Commissioner and the Office of Financial Regulation are seeking feedback for the legislative initiative.
The event will be held from 5:30 to 7:30 p.m. Those interested can RSVP here.
Previous comments on how the state can efficiently start a funding ecosystem for small growing businesses includes ideas such as:
- Providing an expedited filing service to incorporate or organize a business with the Department of State Division of Corporation
- Providing investors with a clear path to liquidate and resell their small company investments
- Creating incentives for tech-company investments
- Having regulatory protections that favor entrepreneurs
- Raise the in-state crowdfunding offering amount ceiling to $5 million or $10 million