Spur Entrepreneurship in Your Community
Small businesses and entrepreneurs are vital to the success of Missouri’s economy, providing an infusion of creativity and innovation that help the Show-Me State compete and win in today’s global economy. And in order to help these budding businesses grow and succeed, we rely on the help and support of Missouri’s extensive network of local, regional, and statewide resource partners. It is only through these partnerships and cooperation that Missouri has solidified its reputation as an entrepreneurship powerhouse, earning the title of the #1 state for new business creation (U.S. Census Bureau – 2013, most recent data).
Are you ready to grow the startup scene in your local community? Or put your town on the map by providing a place for entrepreneurs to craft the next great innovation? The State of Missouri offers a variety of programs to help communities grow their ability to support and sustain entrepreneurs and startup firms.
The Missouri Technology Corporation makes strategic investments in public and private non-profit research institutions (including higher-ed) and non-profit entrepreneurial support organizations to expand the state’s innovation ecosystem that help entrepreneurs commercialize new technologies and create next-generation jobs.
This program helps small business incubators leverage funds to use for working capital and other non-operating expenditures that support new business creation in communities.
Community-based organizations can access financing to administer a family Development Account project to help low-income residents participate in matched savings programs. These savings programs will help families in your community pay for school, purchase a new house, make home improvements, or start up a small business.
Community Development Block Grant - Action Fund Loan
Cities and counties can apply on the behalf of a small business to help them secure capital needed to start-up or expand after they have exhausted all other sources.
Community Development Block Grant - Interim Financing Loan
Local government can provide a short term loan to certain types of for-profit companies that need funds for start-up or expansion and have exhausted other sources.
Community Development Block Grant - Microenterprise
Through this program, cities and counties can design a revolving loan program to help small businesses grow or to facilitate other revitalizations/redevelopment projects that will result in job creation or retention.
Missouri’s business incentive programs can help communities attract new business as well as retain their current companies that are crucial to sustaining the local economy. From retention programs to expansions and attraction, our business specialists can help your community utilize state tools in the overall proposal when negotiating business projects.
Communities all across Missouri have already taken great strides in making comfortable, safe and supportive places for entrepreneurs to establish and grow their startup ventures. Some of these include: