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Secretary of State Brian Kemp participates in Technology Panel discussing the Invest Georgia Exemption

Atlanta – As Commissioner of Securities, Georgia Secretary of State Brian Kemp was pleased to be part of an expert panel discussing the Invest Georgia Exemption (IGE) at the Atlanta Tech Village and presented by the Technology Association of Georgia the evening of May 15th.

The IGE creates an exemption for in-state only offerings of securities to accredited and non-accredited Georgia investors, and provides start-up companies and small businesses access to much needed capital for developing new business ventures, expanding operations, and producing more Georgia jobs by allowing Georgia based businesses to sell securities via crowd funding in Georgia.

“We’re proud to lead the way in business growth as the 2nd state in the country to legalize this type of funding and are excited about the tremendous interest from businesses looking to relocate to Georgia in search of the best business environment” Said Kemp.

The IGE also helps keep talented young entrepreneurs in Georgia and paves the way for Georgia to become a leading hub for tech startups in the southeast by removing barriers to startups and encouraging investor participation.

“This exemption goes a long way in retaining top talent from our developing business start-up sector by making Georgia a place of opportunity for entrepreneurs with big ideas” said Vincent Russo, General Counsel of the Secretary of State’s Office.

In general, companies must meet the following criteria to qualify:

  • Must be a for-profit business formed under the laws of the State of Georgia and registered w/the Secretary of State
  • Have its principal office in Georgia
  • Carry out a significant amount of business in Georgia
  • Sell the securities offered in accordance with IGE to residents of Georgia only
  • Deposit all funds received from investors in a bank or depository institution authorized to do business in Georgia
  • Use all proceeds from the offering in accordance with representations to investors
  • File a notice with the Secretary of State’s Office before the use of any general solicitation or the twenty-fifth sale of the security, whichever comes first
Brian Kemp has been Secretary of State since January, 2010. Among the office’s wide-ranging responsibilities, the Secretary of State is charged with conducting efficient and secure elections, the registration of corporations, and the regulation of securities and professional license holders.


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