Cloud Computing & JOBS ACT - Pros & Cons

October 31, 2012
MILWAUKEE - (MPA-PPR), today we start a new subject of discussions on MPA Public Policy Review.  It is:

                                        "Cloud Computing and JOBS ACT".

CLOUD COMPUTING is defined as:

The practice of using a network of remote servers hosted on the Internet to store, manage, and process data, rather than a local server

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JOBS Act - JUMPSTART OUR BUSINESS STARTUPS

Taken from President Obama's Speech

Now, because we’re still recovering from one of the worst recessions in our history, the last few years have been pretty tough on entrepreneurs.  Credit has been tight.  And no matter how good their ideas are, if an entrepreneur can’t get a loan from a bank or backing from investors, it’s almost impossible to get their businesses off the ground.  And that’s why back in September, and again in my State of the Union, I called on Congress to remove a number of barriers that were preventing aspiring entrepreneurs from getting funding.  And this is one useful and important step along that journey.   

Here’s what’s going to happen because of this bill.  For business owners who want to take their companies to the next level, this bill will make it easier for you to go public.  And that’s a big deal because going public is a major step towards expanding and hiring more workers.  It’s a big deal for investors as well, because public companies operate with greater oversight and greater transparency. 

And for start-ups and small businesses, this bill is a potential game changer.  Right now, you can only turn to a limited group of investors -- including banks and wealthy individuals -- to get funding.  Laws that are nearly eight decades old make it impossible for others to invest.  But a lot has changed in 80 years, and it’s time our laws did as well.  Because of this bill, start-ups and small business will now have access to a big, new pool of potential investors -- namely, the American people.  For the first time, ordinary Americans will be able to go online and invest in entrepreneurs that they believe in.

Of course, to make sure Americans don’t get taken advantage of, the websites where folks will go to fund all these start-ups and small businesses will be subject to rigorous oversight.  The SEC is going to play an important role in implementing this bill.  And I’ve directed my administration to keep a close eye as this law goes into effect and to provide me with regular updates. 

It also means that, to all the members of Congress who are here today, I want to say publicly before I sign this bill, it's going to be important that we continue to make sure that the SEC is properly funded, just like all our other regulatory agencies, so that they can do the job and make sure that our investors get adequate protections.

This bill represents exactly the kind of bipartisan action we should be taking in Washington to help our economy.  I’ve always said that the true engine of job creation in this country is the private sector, not the government.  Our job is to help our companies grow and hire.  That’s why I pushed for this bill.  That’s why I know that the bipartisan group of legislators here pushed for this bill.  That's why I’ve cut taxes for small businesses over 17 times.  That’s why every day I’m fighting to make sure America is the best place on Earth to do business.

Our economy has begun to turn a corner, but we've still got a long way to go.  We've still got a lot of Americans out there who are looking for a job or looking for a job that pays better than the one that they've got.  And we're going to have to keep working together so that we can keep moving the economy forward.
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CLOUD COMPUTING is a benefit of the JOBS Act.

The JOBS Act (Jumpstart Our Business Startups Act) is legislation that eases regulatory restrictions for new businesses to make it easier for startups to get established. 

The intention of the Act is to encourage more business startups, foster their success, and as a result, create more jobs and stimulate the economy. As stated in the bill, which passed as H.R. 3606, the purpose is “to increase American job creation and economic growth by improving access to the public capital markets for emerging growth companies.”

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"We are excited and optimistic while looking at using 'Cloud Computing' and President Barack Obama's 'JOBS/Jumpstart our Business Startup Act' to work with our Diamonds in the Rough vetted neighborhood businesses in urban Milwaukee.  These are entrepreneurial businesses that are open for business and operating daily in the city of Milwaukee.  They are the economic engines that if given financial and technical assistance support will create employment.  They are Milwaukeeans known and vetted by the neighborhood stakeholders (residential and commercial) for needed services within a neighborhood (s).  They lack the 'financial and education wherewithal' to be competitive in today's local to global marketplace; and, for building market share, customer base and improved customer service.  We are looking at the U. S. Treasury CDFI/Community Development Financial Fund, U.S. Small Business Administration and local banks to be our first responders", said Mary Glass, Chair/CEO, MPA LLC.