Grant will help build resources for startups and growing companies.
This week, Missouri Technology Corporation awarded efactory $200,000 as part of the Physical Infrastructure Grant Program.
“MTC is excited to continue to provide financial support for the growth of efactory into Brick City,” said Jack Scatizzi, executive director of MTC. “The Physical Infrastructure Grant Program was developed following recommendations from our Catalyzing Innovation Report. The vision of the grant program is to enhance and increase access to entrepreneurial support services throughout Missouri which will ensure companies can grow and scale.”
At efactory, the funds will strengthen and expand the physical resources available to emerging and growing businesses. This includes incubator space for businesses in four primary categories:
- Health sciences
- Logistics and supply chain management
- Technology (IT, software, energy solutions, agri-tech)
In addition to physical office space, infrastructure updates and expansions will include updating and outfitting Coworking @ Brick. Other networking and physical updates are planned at the Robert W. Plaster Free Enterprise Center to better serve the region.
“MTC is powerful,” said efactory Executive Director Rachel Anderson. “Their presence allows us to imagine bigger and better for our client base.”