Jason Hall, CEO of Greater St. Louis, Inc., issued the following statement on HB 7 and funding for the Missouri Technology Corporation (MTC).
On behalf of the St. Louis business community, we applaud the Missouri Senate Appropriations Committee for increasing funding for the Missouri Technology Corporation to $3 million. This investment will boost our state’s capacity for entrepreneurship and innovation and is critical to creating new jobs in Missouri. Now that the budget is heading into conference, we urge legislators from both houses and both parties to take the Senate’s position. Increased funding will enable MTC to invest in more early-stage companies, strengthen our state’s position as a national and global innovation hub.
The Missouri Technology Corporation (MTC) is a public-private partnership created by the Missouri General Assembly to promote entrepreneurship and foster the growth of new and emerging high-tech companies. Over the past decade, MTC has invested nearly $44 million into over 135 early-stage Missouri-based high growth technology-focused companies, which have raised over $1 billion in additional private capital. MTC investment successes in the St. Louis region include Benson Hill, LockerDome, Confluence Life Sciences and many more.