Local start up funded with public money to expand

Print
Email
|

by KMOV.com Staff

KMOV.com

Posted on June 18, 2014 at 5:11 PM

Updated Wednesday, Jun 18 at 5:39 PM

(KMOV.com) – A local start up that was funded by a special fund in St. Louis County is expanding.

Aero Valve, which builds clean energy valves for manufacturing companies is moving new offices in Brentwood, because it has outgrown its current location at the Helix Center in Creve Coeur.

The center was founded by the St. Louis Economic Development Partnership to provide lab space to start-ups. The start-ups are partially funded by the Helix Fund which matches investments between $50,000 and $100,000. The money is raised from rent River City Casino pays Lemay.

“These are extraordinary individual smart individuals who are coming up with new technologies, innovative concepts who can really start companies anywhere in the world these days,” said Katy Jamboretz with the St. Louis Economic Development Partnership. “We want to make sure they stay here, get the funding they need and grow these companies and keep the jobs here.”

Print
Email
|