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A bill that would allow private businesses in New Jersey to crowdfund through Web portals has received final legislative approval and is now heading to Gov. Chris Christie's desk for consideration.

Under the measure, businesses can use the portals to secure total investments of up to $1 million in $5,000 increments from New Jersey-based, unaccredited investors.

Image: State Sen. Joe Kyrillos (R-Middletown) is a primary sponsor of the crowdfunding bill. - (MARY IUVONE/FOR NJBIZ)