About 24,000 new jobs should be created annually in Arizona, thanks to a change in the Federal JOBS Act.
According to MarketWatch, the change will “mak[e] it easier for Arizona business to raise private capital for expansion and start-ups.”
Based on an estimate by the Securities and Exchange Commission, an additional $2 billion will go to Arizona out of a projected $180 billion of additional capital.
“Starting September 23 it will be significantly easier for private companies to raise money through the offering of their securities. This translates into increased Arizona employment directly attributable to the JOBS Act,” said Ross Horwitz, CEO of Tempe, Arizona based Marketing 506c.
Marketing 506c conducted the study.