The funding will come in the form of low interest loans.
Nixon said that the funds will help small businesses at every stage of the financial continuum, from starting, to expanding, to reaching maturity.
The governor spoke with a group of Southeast Missouri entrepreneurs representing the construction, real estate, technology, and entertainment sectors.
“I think you have some entrepreneurs here who have solid idea that if we can give them the tools to move forward with their business plans, they’re going to grow,” the governor said. “We were kind of inspired by these local businesses as we looked around the state at what these models were. And I just also want to reflect to people that small and mid-sized towns are a great place to live and I think that shopping locally and working with local businesses is a really good thing.”
The application period for the loans begins today at MO.gov.
In other news, Nixon says that the state is prepared to temporarily weather a federal shutdown. He says that federal dollars help fund many Missouri programs. Action plans have been developed just in case the government indeed shuts down.
“If that occurs, hopefully we will not have to implement those. There’s a lag time in some situations of a couple of weeks or as much as thirty days on some of the various programs. So we’ve already been meeting to prepare if that occurs. I’m hopeful that they’ll get a deal up there and continue to move forward,” Nixon said.
Nixon specifically mentioned that vital programs such as public safety should not be interrupted.
Jacob McCleland, KRCU
