Crowdfunding in Alaska
INTRASTATE CROWDFUNDING FREQUENTLY ASKED QUESTIONS
From the “The State of Alaska Department of Commerce, Community, and Economic Development” web page:
Crowdfunding is the funding of a project or venture through a large number of people each contributing a small amount of money. In 2016, the Alaska State Legislature passed the Innovating Alaska Act, which allows any Alaska resident, regardless of wealth or experience, to invest in Alaska businesses through crowdfunding. The Innovating Alaska Act allows Alaska businesses to raise up to $1 million from individual Alaskans in individual investments of up to $10,000 per person. The State of Alaska Department of Commerce, Community, and Economic Development, Division of Banking and Securities oversees the crowdfunding program, and the Division of Economic Development helps promote the program and provide education to companies and investors alike. Like any form of investing, investing via crowdfunding can be quite risky, and our goal is that businesses and investors have all the information they need before engaging in intrastate crowdfunding.