Mollohan Announces ACE-Net in State West Virginia small businesses that are looking to grow have a new way to catch the eye of investors across the country, First District Congressman Alan B. Mollohan announced. Mollohan said that the state is now a part of the Access to Capital Electronic Network or ACE-Net.
Small companies are a real powerhouse of job creation in the United States.
Since 1991, they've provided more than 12 million new jobs. Given their important role in our economy, it's imperative that they have access to financing to expand their operations, to develop new products or to modernize their equipment. Historically, the venture capital industry has helped meet this need. There are other sources of capital out there, however. And even more significant, it's projected that the number of potential investors is five to 10 times greater than that.