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Missouri's Commitment to Startups

Gov. Jay Nixon Applauded For Investment

Gov. Jay

Gov. Jay Nixon joins Mayor Francis Slay, John McDonnell and St. Louis Regional Chamber officials on Wednesday, May 20

When St. Louis technology and life-sciences companies raise capital these days, they’re often doing so with a bit of help from the Missouri taxpayer.

The state, long reluctant to get into the business of financing early stage businesses, has expanded its commitment significantly in the past three years. Gov. Jay Nixon was applauded by more than 100 St. Louis entrepreneurs on Wednesday when he announced that Missouri Technology Corp., the state’s vehicle for funding startups, will have a budget of $15.86 million next year. Read more at St. Louis Post-Dispatch.