Arch Grants Show Big Impact in First Five Years

In the Missouri Times’ article β€œArch Grants Show Big Impact in First Five Years,” writer Kaden Quinn explains that only five short years ago, Arch Grants took a huge step in working to revitalize St. Louis and the region, and then goes on to show that the non-profit’s efforts have been paying off in a big way.

In 2012, the organization began awarding $50,000 in equity-free grants to highly innovative companies around the globe that will house the majority of their business in St. Louis. The grant money also comes with mentorship and support to encourage and entice businesses to stay in the region

Quinn presents statistics found in Arch Grants 2016 annual reportto show the impressive impact the organization has had, citing that from $5 million granted, β€œcompanies generated more than $51 million in economic value and retained at least 499 jobs in St. Louis.” And these same companies are beginning to do for others what Arch Grants did for them, donating time and money for support and mentorship of new startups, thus, maintaining the cycle of growth.

Quinn quotes Mayor Lyda Krewson to show the role Arch Grants has played in shaping the narrative of how St. Louis is seen locally and globally especially in regard to the startup ecosystem, β€œBy providing early-stage money for start-ups to draw talented innovators from around the globe to pursue their entrepreneurial dreams in St. Louis, Arch Grants has and continues to change who we are and how we see ourselves.”

Quinn’s article shows how Arch Grants is changing the narrative of not only how St. Louisans see St. Louis, but also how St. Louis is been seen now by business publications like Popular Mechanics, Buisness Insider and Forbes who have all featured St. Louis’s recent growth.

Quinn ends his article with a quote from former St. Louis Mayor Francis Slay β€œ[Arch Grants] are job creators. They are momentum builders. Good ideas grow good ideas…”

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