Cape Girardeau startup receives $325,000 grant - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Cape Girardeau startup receives $325,000 grant

CAPE GIRARDEAU, MO (KFVS) -

A startup organization in Cape Girardeau will receive a more than $300,000 grant.

Gov. Jay Nixon announced two startup organizations in Cape Girardeau and Springfield will receive a total of $675,000 in early stage business grants.

For the first time Missouri was ranked as a top 10 state for startup funding by Forbes.

The grants include a $325,000 grant to 1st50K in Cape and a $350,000 grant to Springfield Innovation Inc. through the Missouri Technology Corporation (MTC) which is a public-private partnership promoting entrepreneurship.

The organizations can use the grants to provide facilities and co-working spaces, mentorship, access to capital and other resources to the area's startup community.

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