A relatively new state law intended to be another tool to help North Carolina companies raise money will be the topic of an upcoming event.

“Crowdfunding Your Next Fundraiser: The New NC Options” is 5-6:30 p.m. July 20 at UNCW’s Center for Innovation and Entrepreneurship.

The legislature last year passed a crowdfunding measure – dubbed the NC PACES Act – allowing businesses to raise up to $2 million from instate investors. Accredited investors, or those with significant assets in amounts based on federal definitions, can invest any amount, while others can invest up to $5,000 in a securities offering, under the state rules.

Another option under the act is called a Local Public Offering and lets a company raise up to $250,000 but can only through equity, debt or revenue share agreements.

A representative from the N.C. Department of the Secretary of State will be at the CIE event to talk about the new rules, which the state agency regulates, and crowdfunding developments in general.