Funding for Arch Grants, similar organizations dies in Missouri Legislature

Missouri lawmakers failed last week to pass House Bill 1495, which would have helped fund as many as six early stage business development corporations (ESBDC), including Arch Grants. Those corporations would have operated similar to Arch Grants by handing out non-equity grants to early-stage businesses.

Arch Grants President Jerry Schlichter said legislators failed to agree on language in the bill that had to do with embryonic stem cell research.

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