Access to capital remains a key challenge to starting and growing businesses, social enterprises and community projects in Colorado. Without capital there is less innovation, fewer new products and services and fewer jobs – all important factors in strong, sustained economic growth.

A new company, Invest Local LLC, is the first to offer crowdfunding platform services in Colorado that are targeted to investors that make up the 97% of the population who are non-accredited investors.

The company is acting as a value added reseller of services from FundPaas (http://www.fundpaas.com) – a California business. “We searched out a crowdfunding platform that is adaptable to different types of crowdfunding, compliant with federal and state laws and regulations and which can keep the costs of crowdfunding affordable to the small business. FundPaas met all of these criteria. We look forward to working together with FundPaas in supporting thousands of Colorado businesses, social enterprises and community projects in raising the money they need,” stated Karl Dakin, President of Invest Local LLC.

Under the new Colorado Crowdfunding Act, organizations raising money are required to use a registered intermediary such as Invest Local LLC to manage the large number of investors who invest in small dollar amounts.

Investment crowdfunding is a revolution within the capital industry as new laws and regulations at the federal and state level have removed restrictions on how money can be raised and on who can invest. Investment crowdfunding fills the large gap in the capital industry for those organizations that cannot qualify for bank financing or meet the high performance requirements of angel investors. These organizations are no longer limited to financial institutions and wealthy individuals, but can seek money from friends, family, associates, customers, employees and other members of their community.

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