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Economic and Community Development

Business Growth in Missouri

Hannah Nequist on Monday, October 20, 2014 at 11:30:00 am 

Business Growth
Entrepreneurial support is blossoming in the Show-Me State, as new programs and support land in St. Louis and Springfield. Namely, the Kansas-based Pipeline, an entrepreneurship grooming program, is expanding services into St. Louis and other parts of Missouri after receiving a new grant.

Pipeline is a yearlong fellowship program designed for successful high-performance entrepreneurs to work as a team to build new technology and life-science businesses. Not only will qualified entrepreneurs in St. Louis be eligible to participate as fellows, but this will also mean holding one of the program’s meetings in the region, bringing focus to the local entrepreneurial community.

The St. Louis Regional Chamber of Commerce has also committed to entrepreneurial support by naming Jason Hall the vice president of entrepreneurship and innovation, adding to his current responsibilities. Over the next four years, Hall hopes to increase the regional funding capacity by $100 million to support startups by forming a sidecar investment fund. This fund, for which Hall plans to hire a private fund manager, will match early stage private sector investments.

Springfield, MO has been cultivating a supportive environment for startups for many years. The area is now gaining national attention for these efforts, and has been named a “Best City to Start a Business” by WalletHub. The eFactory, a technology-focused entrepreneurship center and business incubator at Missouri State University, has also received recognition, being named the 2014 Community Impact Award recipient by Trade & Industry Development magazine.

Earlier this month, eFactory committed to helping a new start-up business, as Share a Gig was awarded the prize at the Springfield Area Chamber of Commerce’s Go BIG Pitch Competition. Share a Gig will receive $5,000 and a six month lease at eFactory to help develop its idea to bring full gigabit internet access to residents and businesses of urban markets without the traditional costs of building out a high capacity gigabit fiber network. 

To read more about these victories for Missouri, check out the news stories below:

Tags: Economic Development; economy; entrepreneurship; http://www.pipelineentrepreneurs.com/

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