Governor Mike Parson announced a new co-working and incubator grant that will provide $1 million for eligible Missouri-based nonprofit corporation- and university-sponsored co-working and incubator facilities.
A press release says the Co-working and Incubator Grant will be administered by the Missouri Technology Corporation (MTC) and uses CARES Act funding to assist the state’s co-working and incubator facilities as they support economic recovery during the COVID-19 public-health emergency.
Due to COVID-19-related closures, many of the specific facilities do not have access to the capital required to update their physical spaces in accordance with current public health guidelines. These organizations will be reimbursed with grant funds for expenses related to updating the facilities to encourage social distancing, adopting enhanced sanitation protocols or acquiring PPE to comply with the guidelines of the public health emergency. Additional consideration will be given to applicants that engage Missouri-based vendors.
MTC will accept applications between July 22 and August 17. All applications will be reviewed at the same time, and awards will be tentatively announced from September 21 to October 2.
For more information about this program, visit https://www.missouritechnology.com/cares-act-funding.