Ten grants are up for grabs for new businesses that set up shop in St. Louis. A local non-profit, Arch Grants, says it will award the $50,000 grants this May in an effort to bring innovative businesses to the city.
Arch Grants Co-founder Joe Schlafly said the for-profit start-ups that are selected will be required to stay for at least one year.
“St. Louis is not a dog-meat, down place," Schlafly said. "It is a place where things are happening. We’re open for business. We want to be on the short list, not just [on] no list.”
A Missouri House committee has advanced legislation offering new incentives for some businesses and international exporters.
The vote Wednesday by the House Economic Development Committee could pave the way for the full chamber to debate the bill Thursday.
The plan creates incentives for computer data centers, amateur sports events and air cargo exports at the St. Louis airport. It also scales back some existing tax credits, but not as much as proposed under a version passed last month by the Senate.
RCGA: Economic impact of first-round playoffs $5.2 million
The St. Louis Regional Chamber and Growth Association says the economic impact of the Cardinals in the first-round playoffs approaches $5.2 million per game, based on the typical game drawing a capacity crowd.
The association says that if the Cardinals played all possible games through the World Series, the impact would approach that of having the 2009 All-Star Game in St. Louis at more than $56 million.
The Missouri Department of Economic Development will use $50 million in bond money to help Joplin-area manufacturers recover from the May 22 tornado.
Gov. Jay Nixon was in Joplin Friday to announce $75 million in awards and modifications of existing programs aimed at helping business and industry in the Joplin area. Two-thirds of that funding comes from Private Activity Tax Exempt Bond capacity that has been set aside to aid the region.