Grant helps efactory continue to serve developing businesses in region

Developing and growing businesses served by efactory services have 270,726 more reasons to celebrate today.

Missouri Technology Corporation awarded efactory $270,726 through the Missouri Building Entrepreneurial Capacity (MOBEC) grant program for the 2023 fiscal year grant cycle.

The MOBEC grant will provide continued funding for the efactory’s core business offerings over the next two years.

“Every decision we make at efactory is through the lens of economic and talent development,” said Rachel Anderson, executive director, efactory. “These programs are vital to our community, especially as more and more people are seeing Springfield as a destination city for living and working.”

Investing in the entrepreneurial ecosystem

The efactory was one of eight recipients that received a slice of the $2 million through the MOBEC program. This grant program was designed to support the entrepreneurial ecosystem in Missouri through matching operations and project grants.

“Our members need these supports in place in order to see success and growth,” Anderson said, “and we’re incredibly fortunate to have MTC stand behind us in so many initiatives. They show us that they value what we’re doing for growing businesses in the region.”

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About Missouri Technology Corporation

The Missouri Technology Corporation is a public-private partnership created to promote entrepreneurship and foster the growth of new and emerging high-tech companies. MTC’s vision is to transform Missouri through the power of entrepreneurship by serving as a catalyst for technology-based innovation. MTC helps achieve sustainable economic growth through leadership and strategic investments that help entrepreneurs create and grow technology businesses in Missouri.

About MOBEC

To date, through MOBEC and other matching grant programs, MTC has partnered with more than 60 entrepreneurial support organizations in Missouri communities and awarded a total of more than $31 million in entrepreneurial-focused infrastructure grants that have served thousands of small businesses.