Missouri Receives $95 Million to Support Small Businesses
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Missouri has received nearly $27 million from the U.S. Department of the Treasury for the Small Business Credit Initiative. This is the first of three disbursements that Missouri will receive, with a total of $95 million which will be deployed through the Missouri Technology Corporation.

The money will provide funding for credit and investment programs for small businesses and startups. In total, over $10 billion will be provided around the country to expand access to capital for small businesses, build entrepreneurial ecosystems and create high-quality jobs. The money comes from the American Rescue Plan Act.

Nearly $40 million of Missouri’s allocation is required to support socially and economically disadvantaged businesses. Applications will be accepted as early as this month with allocations expected in early 2023.

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