Introduction

The $1.9 trillion Stimulus Bill has been signed, but will it be a life-changer for your family’s wealth in 2021 as we start to see light at the end of the COVID-19 pandemic. The COVID-19 pandemic illuminated the many social, political, and economic disparities that exist in the United States driven by systemic racism. We saw the election of the first Black and South Asian woman to the position of Vice President of the United States and we have witnessed the rising political power of the new American Demographic with the flipping of deep red states to blue like Arizona and Georiga. For the first time in US history, the  African-American community has the ability to come together and flex its collective financial might through early-stage investment in both Black-owned businesses and real estate development using Regulation Crowdfunding. 

The New American Demographic

This new political power has translated into an economic stimulus package that coincides with the updating of rules on Regulation Crowdfunding that allow issuers to raise up to $5 million in a 12 month period. These two pieces of legislation are very important to the African-American community for the first time in history the African-Amerian community is to build wealth through business investment. The Stimulus Bill positions individuals making under $75,000 and married couples making under $150,000 to receive direct payments of $1,400 per person. The bill would also provide $1,400 per dependent. The payments would gradually decrease above those income levels and disappear entirely above an income cap: $80,000 for individuals and $160,000 for married couples.

There are also child tax credits included in the bill. For 2021, the bill would temporarily expand the child tax credit, which is currently worth up to $2,000 per child under 17. Under the legislation, the tax credit would be as much as $3,600 for children up to age 5and as much as $3,000 for children 6 to 17. For many African-Americans, the check and tax credit will help us to invest in ourselves, our careers, or our portfolios. 

No Time Like The Present to Become a Real Estate Investor

I once read the only way to become a carpenter is to start hammering nails and that has resonated with me for decades. If I want to start building wealth through inclusive investing using Regulation Crowdfunding then I need to get started with the process today. The stimulus check and the child tax credits provide families with the capital to take a risk and invest. One of the major benefits of Regulation Crowdfunding is the ability to invest very small sums of capital into a project. Many platforms allow investors to begin the process with as little as $100 – $250. This reduces the risks and investing money provided by the stimulus program reduces the risk even more because you are investing capital you didn’t work for with an eye to building intergenerational wealth for your family.

The Next Steps

Mary Evans the Black Women entrepreneur for Pontiac Michigan and founder of The SOS Show has now partnered with Bill Huston Inc. Magazine Top 19 Global Crowdfunding Expert to create the SOS Show Investment Crowdfunding Membership group. This membership group will kick off Tuesday, March 23, at 7:00 pm to teach the African-American community how to use Regulation Crowdfunding to invest in businesses and real estate development as a group and this stimulus bill provides the needed investment capital for community members that have an interest in building wealth through inclusive investing. For more information on investment crowdfunding please visit Crowd-Max.com.