Recently, the SEC’s Office of the Advocate for Small Business Capital Formation issued its 2021 Annual Report. This SEC office with a very long name was created back in January 2019 pursuant to legislation that was seeking to advance the interests of small businesses and their investors. The SEC’s announcement notes:
The 2021 Report is a comprehensive resource on the dynamics of capital raising in communities across the country. It highlights the office’s advocacy work during fiscal year 2021, shares policy recommendations, and provides data on small business capital formation in the following categories:
- Small and emerging businesses
- Mature and later-stage businesses
- Small public companies
- Women-owned businesses and investors
- Minority-owned businesses and investors
- Natural disaster areas
- Rural communities
The report also presents a summary of activities by the Small Business Capital Formation Advisory Committee during this past fiscal year.
The Office of the Advocate for Small Business Capital Formation will host its third annual “Capital Call” on January 19, 2022. It will be a virtual event, and participants can ask questions about the 2021 Annual Report and share perspectives on capital raising.
– Dave Lynn