The “show me” state is showing some love and money to entrepreneurs willing to locate there.
A new program dubbed Arch Grants, which debuted this week, sponsors an annual business competition and will award $50,000 to at least ten start-ups each year once they move to St. Louis, Mo. Two companies that excel will also be eligible for up to another $100,000 each year and introductions to angel investors.
Along with the cash–which program co-founder Jerry Schlichter says goes a lot farther in St. Louis than in other urban areas–start-ups are given free legal and accounting services, discounts on housing and affordable office space. Companies will be part of a business networking and mentoring network and be invited to collaborate with local universities including Washington University, St. Louis University, University of Missouri at St. Louis, Webster University and Harris Stowe University.
To read the full, original article click on this link: Entrepreneurial Spirit Of St. Louis Lives On - Venture Capital Dispatch - WSJ
