Michigan crowd funding law lays the way for new Tecumseh microbr - Toledo News Now, Breaking News, Weather, Sports, Toledo

Michigan crowd funding law lays the way for new Tecumseh microbrewery

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TECUMSEH, MI (Toledo News Now) -

A new law in Michigan sets up the framework for businesses to accept what is called crowd funding. Investors can give small business owners between $500 and $5,000 and become part owners of the business.

The first business to take advantage of the new law is a microbrewery soon to open in Tecumseh.

The businesses co-founder says people are excited.

"They love the idea of beer, they love the idea of small startups using community money to become a community brewery," said Kyle Dewitt.

Lenawee County's Economic Development Director says the law could help many businesses.

"This will help revitalize our communities so that's one of the key pieces," said Chris Miller.

The brewery is hoping to raise $150,000 through crowd funding, and is set to open in October.

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