Over $90 billion of equity capital was depleted from US companies during the pandemic, with about $23 billion just in New York companies, based on data reported by Bloomberg News. Hardest hit were the small to mid sized enterprises (SMEs).
Most SME's have enterprise values of less than $300 million. SMEs also have the greatest challenges in raising equity capital. State Stox provides a way for investors to directly invest in their local communities and their state by helping these companies raise capital.
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