The efactory expects a new grant of $350,000 — its largest to date — will translate into an economic impact boon.
Missouri State University’s business incubator announced this week it received a Missouri Building Entrepreneurial Capacity grant through the public-private Missouri Technology Corp., according to a news release.
Along with its existing programs, the efactory expects the MTC funding to result in $40 million in new local research and capital investment funding, 900 new jobs and 100 new investment-grade startups in the next five years.
With the $350,000 from the MTC, the efactory plans to add staff and new entrepreneurial programs, expand corporate programs, and refine mentorship and business consulting services.
The latest grant follows a $300,000 award in 2016 that helped create the efactory’s business accelerator and a $100,000 grant in 2014 to support the incubator’s early years in operation, according to the release.
“MTC has been critical to the success and growth of the efactory and the Springfield startup community. Their support has allowed us to scale quicker than would have otherwise been possible, allowing us to serve more clients in southwest Missouri,” efactory Director Rachel Anderson said in the release.
“We’ve been very fortunate to have a partner in innovation and are excited about the future of startups in Missouri.”
Reached this morning, Anderson said via email the efactory has been fully occupied for 18 months with more than 45 companies currently operating out of the downtown facility.
The Doula Foundation of Mid-America Inc. moved; Steve Albrecht opened Dr. Steve Albrecht Coaching Services; and Common Sleep LLC got its start.
Vineese Knight with the Massengale Group Of Keller Williams says when she was a young salesperson the biggest mistake she made was looking at people as numbers. She started experiencing real success when she made the mental shift to thinking of her customers as people and genuinely caring about their needs above her own.
Cody Ritter, owner of Base Construction & Management LLC, attributes the company's fast growth in part to keeping customers happy. Base Construction & Management LLC is one of the Springfield Business Journal 2019 Dynamic Dozen companies, recognizing the 12 fastest growing companies in the area.
"You are a leader," says Carrie Richardson, Executive Director of Leadership Springfield. She gives suggestions as to how you can develop your leadership skills.
Michael Wehreberg, Wehrenberg Design Company, discusses the shift in the last five years in web site design to mobile-first designs. Ultimately, you have to think of the human first and serve them with ease, and Google will give you credit for being mobile friendly.
Ömer Önder, owner of Springfield Diner, struggles with the process of renaming his restaurant. The process led by Dustin Myers and Jeremy Wells, owners of the branding agency Longitude LLC. Ömer expresses all of the emotions he is going through as they work together to revise his seating, menu, hours, and a name to reflect those changes.
It is projected that 10,000 people in the United States will turn 65 years old everyday for 19 years, and non profits are going to be competing over the coming years in a fierce labor market. Give Five was developed as a civic matchmaking program to help connect capable retirees with charitable organizations that need help. Greg Burris outlines the problems the program addresses, opportunities for individuals and organizations, as well as how United Way of the Ozarks is licensing to the program to share with other communities.
Jamie Kinkeade noticed most of the women in her fitness classes at The Studio were wearing Lululemon. She knew her clients were driving to Kansas City to purchase the brand, so she approached the athletic apparel company to stock their merchandise in her store, The Movement. They said "no" at first because they were not looking to expand into the Springfield market, but her persistence paid off.
With more job openings than people to fill them, it is time for your company to evaluate how you are motivating and engaging your team to help you retain and attract the best talent. Sherry Coker, Executive Director at the OTC Center for Workforce Development, walks you through tangible and intangible incentives that encourage employee engagement, performance enhancement, and higher job satisfaction.
"When we first started we thought we could pretty much do this on our own," discloses Vera Gibbons with Baby Foot®. "We thought we knew what would be great...that's not really what happened." Gibbons recommends partnering with a strong marketing partner early and give them a budget.
With four generations in the workplace, understanding the strengths and weaknesses of how each approaches brainstorming can make all the difference in arriving at the best idea. Boomer Kay Logsdon, Director of Applications at CultureWaves, and self-described fossil Millennial Locke Hilderbrand share what their trends research at CultureWaves tells us about generational differences and tips on how to bridge the gaps. Generations in the Workplace is an ongoing multi-episode series tackling the issues of generational conflict.