Over the past four years, twenty-six states and the District of Columbia have enacted intrastate securities exemptions that allow equity crowdfunding from non-accredited investors.These exemptions align with updates to the federal exemption for equity crowdfunding under Title III of the JOBS Act. Establishing this exemption would open up a new pool of investors within states that could invest in local startups. Intrastate exemption rules allow states to set limits on equity offerings from companies and maximum investments by non-accredited investors. These limits often exceed federal rules, giving states the ability to compete as the most lucrative option for intrastate investment. In 2015, 102 companies were approved for this exemption; at least one firm moved across state lines to become eligible.