Treasurer Schmitt discusses new small business program with St. Louis area business and finance leaders
Thursday, March 22, 2018
ST. LOUIS, Mo — Missouri State Treasurer Eric Schmitt was joined by business, finance and government leaders from the St. Louis area today to discuss Missouri FIRST (Financing Investment in our Rural, Small Business and Technology communities), a new initiative launched by Schmitt to spur small businesses growth.
Missouri FIRST partners with local lenders to provide low-interest financing to small businesses and agricultural operations through Missouri’s linked deposit program, which has been revamped by Schmitt with a focus on efficiency.
“A lot of folks talk about cutting red tape in government, but we’ve actually done it,” Schmitt said. “Whether it’s in rural Missouri or right here in St. Louis, Missouri FIRST will provide more opportunity for Missourians by creating and retaining jobs.”
The State Treasurer’s Office currently has over $43 million in active linked deposit loans placed in the St. Louis region through partnerships with local lending institutions.
Schmitt was joined at the event by Enterprise Bank St. Louis Regional President James Graser, State Representative Dean Plocher (R-89) and Hart Nelson, Vice President of Public Policy for the St. Louis Regional Chamber of Commerce.