The SEC’s Office of the Advocate for Small Business Capital Formation issued to Congress its 2023 Annual Report, which details how entrepreneurs and investors are building companies together, from startups to small public companies. The report includes policy recommendations from the Office, a summary of the Office’s advocacy work and public engagements from fiscal year 2023, and the Small Business Capital Formation Advisory Committee’s fiscal year 2023 overview of activities.
Serving as an in-depth resource on the dynamics of capital raising in communities nationwide, the report is comprised data on small business capital formation, including:
- Small and emerging businesses
- Mature and later-stage businesses
- Initial public offerings and small public companies
- Women founders and investors
- Diverse founders and investors
- Natural disaster areas
- Rural communities
The Office aims to advance the interests of small businesses and their investors. Based on public comments received through the team’s ongoing outreach, the Office has developed educational resources to help equip small businesses and their investors with tools to navigate capital raising.
The Office will host its fifth annual Capital Call event on January 30th, 2024. The event allows the public to ask questions about the report and express their thoughts on capital raising. The Office will open registration for the Capital Call in January 2024.
Sources:
SEC Small Business Advocacy Office Delivers Report to Congress on Capital Raising from Startups to Small Public Companies (sec.gov)
Small Business Capital Formation Advisory Committee
Report (sec.gov)
