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== History ==
== History ==
Founded in 2011, Arch Grants launched its international Business Plan Competition as a strategy to build the next generation of successful businesses within the St. Louis region. Five years ago, Missouri was ranked as the next-to-worst state in terms of its entrepreneurial activity <ref>{{cite web|last1=Fairlie|first1=Robert|title=Kauffman Index of Entrepreneurial Activity|url=http://www.kauffman.org/~/media/kauffman_org/research%20reports%20and%20covers/kiea/kiea_042709.pdf|date=April 2009}}</ref> and as large corporations left St. Louis or merged with companies headquartered elsewhere in the wake of the recession, Arch Grants was founded to attract and retain high-growth companies to drive [[economic development]] efforts throughout the St. Louis region.
Arch Grants, which was founded in 2011, introduced its international Business Plan Competition as a strategy to build the next generation of successful firms in the St. Louis region. Missouri ranked as the second-worst state in terms of entrepreneurial activity five years ago [3], and as large corporations fled St. Louis or merged with companies headquartered elsewhere in the aftermath of the recession, Arch Grants were founded to attract and retain high-growth companies to drive economic development efforts throughout the St. Louis region.


As of July 2014, Arch Grants has funded 55 companies that have generated $6.5 million in revenue, attracted $17.7 million in additional capital, and created 192 net new jobs for St. Louis.<ref>{{cite news|last1=Karaoglu|first1=Kristin|title=City & state accelerators boost their local economies |url=http://vator.tv/news/2014-06-24-city-state-accelerators-boost-their-local-economies|agency=Vator News|date=June 24, 2014}}</ref> In addition, 98% of the companies in the business are still headquartered in St. Louis.
Arch Grants had sponsored 55 enterprises as of July 2014, generating $6.5 million in income, attracting $17.7 million in additional funding, and creating 192 net new employment in St. Louis. [4] Furthermore, 98% of the companies in the industry are still headquartered in St. Louis.


Arch Grants' unique model and success have drawn national media attention including [[The Wall Street Journal]],<ref>{{cite news|last1=Chapman|first1=Lizette|title=Entrepreneurial Spirit Of St. Louis Lives On|url=https://blogs.wsj.com/venturecapital/2012/01/25/entrepreneurial-spirit-of-st-louis-lives-on|agency=Wall Street Journal|date=Jan 25, 2012}}</ref> [[Businessweek]],<ref>{{cite news|last1=Leiber|first1=Nick|title=Move Your Startup to St. Louis, Get $50,000|url=http://www.businessweek.com/articles/2012-12-12/move-your-startup-to-st-dot-louis-get-50-000|agency=Bloomberg Businessweek|date=Dec 12, 2012}}</ref> [[Forbes]],<ref>{{cite news|last1=Beshore|first1=Brent|title=Arch Grants: Transforming St. Louis Into America's Next Startup City|url=https://www.forbes.com/sites/brentbeshore/2014/01/29/arch-grants-transforming-st-louis-into-americas-next-startup-city/|agency=Forbes|date=Jan 29, 2014}}</ref> [[The Huffington Post]],<ref>{{cite news|last1=Froman|first1=Dr. Abraham|title=Arch Grants Proves Philanthropy and Business Can Go Well Together|url=http://www.huffingtonpost.com/dr-abraham-froman/arch-grants-proves-philan_b_5374745.html|agency=The Huffington Post|date=May 23, 2014}}</ref> [[TechCrunch]],<ref>{{cite news|last1=Empson|first1=Rip|title=Arch Grants Raises $2.5M To Turn St. Louis Into A Startup Hub; Square Co-founder Signs On|url=https://techcrunch.com/2012/02/21/arch-grants/|agency=TechCrunch|date=Feb 21, 2012}}</ref> and [[NPR]]<ref>{{cite news|last1=Altman|first1=Maria|title=St. Louis Holds Competition To Attract Startups|url=https://www.npr.org/2014/05/20/314138859/st-louis-holds-competition-to-attract-startups|agency=National Public Radio|date=May 20, 2014}}</ref> as well as several local media channels including the Saint Louis Business Journal <ref>{{cite news|last1=Feldt|first1=Brian|title=Here are the 20 winners of this year's Arch Grants|url=http://www.bizjournals.com/stlouis/blog/biznext/2014/05/here-are-the-20-winners-of-this-year-s-arch-grants.html|agency=Saint Louis Business Journal|date=May 21, 2014}}</ref> and Saint Louis Magazine.<ref>{{cite news|last1=Powell|first1=William|title=Q&A: A Conversation With Jerry Schlichter|url=http://www.stlmag.com/Q-A-A-Conversation-With-Jerry-Schlichter/|agency=Saint Louis Magazine|date=May 16, 2014}}</ref>
Arch Grants' unique model and success have drawn national media attention including [[The Wall Street Journal]],<ref>{{cite news|last1=Chapman|first1=Lizette|title=Entrepreneurial Spirit Of St. Louis Lives On|url=https://blogs.wsj.com/venturecapital/2012/01/25/entrepreneurial-spirit-of-st-louis-lives-on|agency=Wall Street Journal|date=Jan 25, 2012}}</ref> [[Businessweek]],<ref>{{cite news|last1=Leiber|first1=Nick|title=Move Your Startup to St. Louis, Get $50,000|url=http://www.businessweek.com/articles/2012-12-12/move-your-startup-to-st-dot-louis-get-50-000|agency=Bloomberg Businessweek|date=Dec 12, 2012}}</ref> [[Forbes]],<ref>{{cite news|last1=Beshore|first1=Brent|title=Arch Grants: Transforming St. Louis Into America's Next Startup City|url=https://www.forbes.com/sites/brentbeshore/2014/01/29/arch-grants-transforming-st-louis-into-americas-next-startup-city/|agency=Forbes|date=Jan 29, 2014}}</ref> [[The Huffington Post]],<ref>{{cite news|last1=Froman|first1=Dr. Abraham|title=Arch Grants Proves Philanthropy and Business Can Go Well Together|url=http://www.huffingtonpost.com/dr-abraham-froman/arch-grants-proves-philan_b_5374745.html|agency=The Huffington Post|date=May 23, 2014}}</ref> [[TechCrunch]],<ref>{{cite news|last1=Empson|first1=Rip|title=Arch Grants Raises $2.5M To Turn St. Louis Into A Startup Hub; Square Co-founder Signs On|url=https://techcrunch.com/2012/02/21/arch-grants/|agency=TechCrunch|date=Feb 21, 2012}}</ref> and [[NPR]]<ref>{{cite news|last1=Altman|first1=Maria|title=St. Louis Holds Competition To Attract Startups|url=https://www.npr.org/2014/05/20/314138859/st-louis-holds-competition-to-attract-startups|agency=National Public Radio|date=May 20, 2014}}</ref> as well as several local media channels including the Saint Louis Business Journal <ref>{{cite news|last1=Feldt|first1=Brian|title=Here are the 20 winners of this year's Arch Grants|url=http://www.bizjournals.com/stlouis/blog/biznext/2014/05/here-are-the-20-winners-of-this-year-s-arch-grants.html|agency=Saint Louis Business Journal|date=May 21, 2014}}</ref> and Saint Louis Magazine.<ref>{{cite news|last1=Powell|first1=William|title=Q&A: A Conversation With Jerry Schlichter|url=http://www.stlmag.com/Q-A-A-Conversation-With-Jerry-Schlichter/|agency=Saint Louis Magazine|date=May 16, 2014}}</ref>

Revision as of 13:10, 10 May 2023

Arch Grants
Named afterGateway Arch
Founded atSt. Louis, Missouri, United States
TypeNon-profit foundation
HeadquartersSt. Louis, Missouri, United States
Region
Midwest
Executive Director
Emily Lohse-Busch
Bob Guller, Elizabeth Zucker, Jerry Schlichter, Matt Badler, Stefanie Thelen, Jack Bader, Carl Bouckaert, Zundra Bryant, Pradip Das, John H. Ferring IV, Jerry Howe, Sanjay Jain, Abha Khandelwal, Joe Schlafly, Richard Tao Fully Teasdale, Jamie Froedge[1]
Websitewww.archgrants.org

Arch Grants is a Missouri non-profit corporation whose mission is to advance economic development through entrepreneurship.[2]

History

Arch Grants, which was founded in 2011, introduced its international Business Plan Competition as a strategy to build the next generation of successful firms in the St. Louis region. Missouri ranked as the second-worst state in terms of entrepreneurial activity five years ago [3], and as large corporations fled St. Louis or merged with companies headquartered elsewhere in the aftermath of the recession, Arch Grants were founded to attract and retain high-growth companies to drive economic development efforts throughout the St. Louis region.

Arch Grants had sponsored 55 enterprises as of July 2014, generating $6.5 million in income, attracting $17.7 million in additional funding, and creating 192 net new employment in St. Louis. [4] Furthermore, 98% of the companies in the industry are still headquartered in St. Louis.

Arch Grants' unique model and success have drawn national media attention including The Wall Street Journal,[3] Businessweek,[4] Forbes,[5] The Huffington Post,[6] TechCrunch,[7] and NPR[8] as well as several local media channels including the Saint Louis Business Journal [9] and Saint Louis Magazine.[10]

Key personnel

Gabe Lozano, the founder of LockerDome, sits on the advisory board. Rex Sinquefield is a sponsor of the non-profit.[1]

See also

References

  1. ^ a b "Arch Grants Official Website". Retrieved July 23, 2021.
  2. ^ "Arch Grants home page".
  3. ^ Chapman, Lizette (Jan 25, 2012). "Entrepreneurial Spirit Of St. Louis Lives On". Wall Street Journal.
  4. ^ Leiber, Nick (Dec 12, 2012). "Move Your Startup to St. Louis, Get $50,000". Bloomberg Businessweek.
  5. ^ Beshore, Brent (Jan 29, 2014). "Arch Grants: Transforming St. Louis Into America's Next Startup City". Forbes.
  6. ^ Froman, Dr. Abraham (May 23, 2014). "Arch Grants Proves Philanthropy and Business Can Go Well Together". The Huffington Post.
  7. ^ Empson, Rip (Feb 21, 2012). "Arch Grants Raises $2.5M To Turn St. Louis Into A Startup Hub; Square Co-founder Signs On". TechCrunch.
  8. ^ Altman, Maria (May 20, 2014). "St. Louis Holds Competition To Attract Startups". National Public Radio.
  9. ^ Feldt, Brian (May 21, 2014). "Here are the 20 winners of this year's Arch Grants". Saint Louis Business Journal.
  10. ^ Powell, William (May 16, 2014). "Q&A: A Conversation With Jerry Schlichter". Saint Louis Magazine.
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