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Missouri to receive nearly $100M in small-business funding

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Missouri is set to receive nearly $100 million in federal funds to support small businesses and entrepreneurs.

The funding will be used to operate a venture capital program, called IDEA Fund. It will be managed by the Missouri Technology Corp.

The funding comes from the State Small Business Credit Initiative that was reauthorized and expanded through the American Rescue Plan Act.

Read more from the Missouri Independent.

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