A preliminary state budget includes a total budget increase of $7.05 million for the Missouri Technology Corp., according to Jason Hall of the St. Louis Regional Chamber.
The budget agreement, reached between lawmakers Wednesday, also includes a $2.55 million increase to the MTC’s core budget, which goes toward the MTC’s primary initiatives such as IDEA Funds or its Missouri Building Entrepreneurial Capacity (MOBEC) programs.
The budget still needs to be presented and voted on by the Missouri House of Representatives and Senate, and then signed by Gov. Jay Nixon.
Read more: St. Louis Business Journal