Non-profit luring small businesses to St. Louis to boost economy

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ST. LOUIS (KTVI) - Young entrepreneurs are settling in St. Louis at a rapid rate, starting or expanding their respective businesses. They’re attracted to the Gateway City because of its growing reputation for being the gateway to resources that can help small companies.

Arch Grants, a local non-profit, aims to attract small businesses to St. Louis via start-up grants in exchange for moving or keeping their businesses in the city.

Since launching in 2012, Arch Grants has given away $4.2 million.