Workshop Series Prepares Entrepreneurs for Public Offering
$2,500 fee waived for residents of Wallowa, Baker and Union counties
ENTERPRISE, Ore. (Nov. 23, 2015) – Oregon has a new law that allows regular folks to invest in Oregon businesses, and encourages Oregon’s entrepreneurs to raise capital from their neighbors. The Northeast Community Capital Collaborative (NEOC3) and Hatch Oregon are teaming up to help Northeast Oregonian entrepreneurs prepare their own capital campaign with an extensive workshop series that will take place in Baker City and Joseph.
The Community Public Offering (CPO) is a new law in Oregon that creates an exemption for Oregon small business owners to raise up to $250,000 in loan or equity agreements with Oregon residents, who do not need to be accredited investors. The CPO exemption has a maximum per-person, per-deal investment of $2,500. Check out existing Oregon CPOs at https://secure.hatchoregon.com/.
If this sounds like an interesting capital-raising strategy, sign up for Hatch Oregon’s free Intro to the CPO webinar for entrepreneurs on Dec. 9 (12 p.m.). Topics covered:
- Whether a CPO is right for you and your business
- Costs of raising capital this way
- Time commitments required for a successful raise
- Technical requirements of the rules (disclosure documents, business plan review, legal compliance)
- What the Hatch platform offers
- What the Investor Ready accelerator offers
Because Hatch has USDA funding to support CPO training in Northeast Oregon, they have waived the fee for residents of Baker, Union, and Wallowa counties. Registration via Hatch Oregon at http://www.eventbrite.com/e/intro-to-the-cpo-129-webinar-tickets-18871630555. Use the promo code NEOEDD to waive the $50 registration fee.
An entrepreneur or business owner who has a business plan may then apply to participate in the InvestOR Ready Accelerator, which will run from mid-January through February (Mondays in Baker City and Tuesdays in Joseph; dates TBD). The multiple-session workshop series will delve more deeply into the intricacies of the CPO; apply here http://hatchoregon.com/IRA-application. The $2,500 fee is also waived for residents of Baker, Union, and Wallowa counties.
NEOC3 is a community partnership that’s spreading the word about local investing, to educate people about their ability to take more control of their financial futures. The Northeast Oregon Economic Development District’s mission is to provide resources and facilitate quality decision-making for the benefit of entrepreneurs, businesses and communities in Baker, Union, and Wallowa counties. Learn more about its programs and business support at www.neoedd.org.
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