Small businesses drive a significant portion of the U.S. economy by providing jobs for over half of the nation’s private workforce.  According to the U.S. Small Business Administration, there were 26.8 million small businesses in 2009, which employed 49.2% of the private-sector workforce. Back when President Obama introduced the Jumpstart Our Business Startups Act (“JOBS Act”) in January 2011, the unemployment rate was on the decline at 9.0% which was still high compared to prerecession levels. The JOBS Act is intended to make it easier for startups and small businesses to raise capital. This will provide a funding source for startups that might otherwise have never made it past the business planning stage due to lack of funding. By opening up a pool of capital that was previously unavailable to the startup community, crowdfunding has the potential to invigorate local economies, thus helping our economy to continue to grow.


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It is still too soon to see what impact the JOBS Act will have on the U.S. economy, but if historical data holds true, supporting entrepreneurship will help reduce unemployment and help the U.S. economy get back on its feet in this post-recession era. Here at RoC, we believe that the JOBS Act will be the main driving force behind the increase of new successful companies being founded.

Young Cho
Young is a graduate of New York University’s Stern School of Business with a degree in Finance and Statistics. As the Finance Director at Return on Change, he is responsible for assisting startups through the initial stages of onboarding to the platform and maintaining all internal finance related matters including, budgeting and strategic initiatives. Young previously worked as a Project Finance Analyst at BNP Paribas, covering the infrastructure, power and energy space, where he was responsible for providing financial analysis and due diligence for project advisory and origination.Young also has significant experience in the clean energy space, specifically in the distributed generation solar sector. Young is interested in discovering products and ideas that are founded upon changing the way we live for the better.
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