NFIB: 3 recent changes benefiting Georgia Small Business

Date: September 20, 2017

Related Content: News Economy Georgia

It’s been a good summer for Georgia small business owners overall. Here’s a look at some of the developments.

Contractor Academy

In Macon-Bibb County, the University of Georgia’s Small Business Development Center is offering a free Contractor Academy, which will help small businesses pursue contract opportunities with the county.

The training sessions will cover credit myths and realities, credit school, and marketing. They will be held from 9 a.m. to 3 p.m. on Oct. 11 and 25, and Nov. 8 at the Macon Terminal, 200 Cherry Street. Small businesses can call 478-757-3609 or visit www.georgiasbdc.org for more information or to apply.

Crowdfunding

In 2011, Georgia launched the Invest Georgia Exemption initiative to encourage investment in small businesses through crowdfunding, and in July, Secretary of State and Georgia Commissioner of Securities Brian Kemp expanded the rule to allow more companies to use it.

“The Invest Georgia Exemption provides entrepreneurs with increased access to capital from Georgia investors in order to develop new business ventures, grow existing operations, and create jobs in our state,” Kemp said, as quoted in a CBS 46 report.

Currently, more than 50 companies are using the exemption, which is considered one of the most successful crowdfunding rules in the U.S., according to CBS 46.

Direct Beer and Liquor Sales

Finally, local craft breweries and distilleries can now sell limited amounts of their product directly to customers, which is the first time this has been allowed since Prohibition. This is great news for the industry and its small business brewers and distillers, several of which have already announced plans to expand or build new facilities.

Related Content: News | Economy | Georgia

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