Wednesday, March 23, 2011

Missouri to receive $27 million for job creation

ST. LOUIS, MO (ST. LOUIS PUBLIC RADIO) - Missouri is receiving $27 million in federal money to boost small business growth and job creation.

The State Small Business Credit Initiative supports state-level, small business lending programs and is part of the Small Business Jobs Acts signed by President Obama last fall.

Governor Jay Nixon made the announcement this morning (Tuesday) during a visit to the Centers for Emerging Technology, a St. Louis incubator lab working to advance technology companies.

"These investment funds will provide critical financing to help these businesses and others like them throughout our state grow and prosper, quite frankly, accelerate. This means that we’ll be able to continue to create jobs today and position our economy for continued growth in the future," Nixon says.

Nixon says Missouri’s use of the $27 million will help create new jobs and should spur more than $269 million in additional small-business lending in the state.

Julie Bierach, St. Louis Public Radio


Post a Comment