Construction on Capitol Hill on the viewing stand for President Barack Obama's January's Inauguration Day ceremonies. (AP Photo/J. Scott Applewhite, File)

President Obama's inaugural committee will accept corporate donations this time around, reversing a policy from four years ago banning such donations, a spokeswoman said Friday.

The 2013 Presidential Inaugural Committee will accept unlimited money from corporate and individual sources but will not accept contributions from PACs or lobbyists, and it will not allow sponsorship agreements.