/ Modified mar 4, 2016 5:06 a.m.

Tucson Brewery First to Use Equity Crowdfunding Law

1055 Brewing Co. is first company to seek investors in the state.

Arizona Business Report spot


On the Arizona Business Report AZPM's Zac Ziegler and the owners of 1055 Brewing Company, JP Vyborny and Chris Squires.

A 2015 law set up new rules that change how companies can seek investors. Companies can now publicly seek up to $2.5 million from Arizona residents. Any Arizonan can buy a stake in an Arizona company that is looking for investors. The first company to take advantage of this new law is Tucson's 1055 Brewing Company. The company is seeking almost $2 million in investment so it can relocate to a downtown location and expand production.

More information on the call for investors is available here.

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