Contribution Credits Given to Local Business Incubators
Nine small business incubators in the state have received a total of $500,000 from the Missouri Department of Economic Development. The contribution credits, through the Small Business Incubator program, will help recipients leverage $1 million for the local incubators.
According to the DED, the funds leveraged by the credits must be used for capital and other non-operating expenditures and support new business creation throughout the state.
Local organizations receiving funding include $67,000 for the eFactory in Springfield, $20,000 for the Joseph Newman Business and Technology Innovation Center in Joplin and $91,318 for the Ozarks Small Business Incubator in West Plains.
All contributions must be received by those organizations between January 1 and December 31, 2017 to qualify for the contribution credits.