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"Crowd-funding" bill introduced to help raise money for small businesses owners

MADISON, WI (WTAQ) - Small businesses in Wisconsin could sell stock shares online to potential investors, under a new bill announced Tuesday.

Republican lawmakers are seeking co-sponsors for a measure to allow so-called “crowd-funding.”

The concept allows people to donate money online at sites like Kick-starter.

The funds would help a business owner or project creator.

The Wisconsin measure would allow small companies to sell up to two-million dollars in crowd-funding.

David Dupee runs a crowd-funding platform out of Milwaukee, to raise money for craft brewers throughout the country. He says Wisconsin can be a pioneer in the concept, because only two other states have passed laws which allow crowd-funding.