TROY — The CIO of a Troy provider of financial management technology for nonprofits was part of the White House Rose Garden signing of the Jumpstart Our Business Startups (JOBS) Act Thursday.
Billhighway CIO Steve Robert was in attendance as President Barack Obama signed the bill into law.
Robert was selected for the honor due to his involvement as a regional leader of the Startup America Partnership, the national effort dedicated to helping startups grow and jumpstart job creation throughout the country.
According to the White House, as a representative of the Michigan region, Billhighway exemplified the purpose and promise of the new bill. The White House invited Robert to attend the historical signing, which includes remarks from the president. Key provisions of the JOBS Act include “IPO on-ramp” measures, reducing the regulatory burden for emerging growth companies, such as Billhighway. The bill also allows privately held startups with a fundraising goal of $1 million or less to sell unregistered stock to the public through approved crowdfunding sites. “Spurring investment in small businesses and supporting their access to the capital markets helps companies innovate and bring those innovations to the marketplace more effectively,” shares Steve Robert. Robert led the development of Billhighway.com, the ground-up financial platform for nonprofits. He has earned numerous industry and business honors.
Billhighway’s financial management software lets nonprofits dramatically improve accounting, payment processing and online banking. The cloud financial management system easily configures and scales to address donor, membership and financial processing needs. Nonprofit organizations use Billhighway’s financial management system to reduce expenses, increase cash flow and mitigate risk. More than 3,500 nonprofits trust Billhighway to seamlessly manage $5 billion in annual transactions.
More at www.billhighway.com.