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The eFactory certified through Small Business Incubator program

Missouri Department of Economic Development issues tax credits
Friday, July 26, 2013

eFactory welcome signThe eFactory in Missouri State University’s Robert W. Plaster Center for Free Enterprise and Business Development was recently certified as a Small Business Incubator in the state of Missouri by the Missouri Department of Economic Development. Along with this designation, The eFactory also applied for and received $155,330 in tax credits.

“We are pleased to have been designated a certified small business incubator for the state of Missouri,” said Allen Kunkel, associate vice president for economic development. “The awarded tax credits will greatly enhance our ability to continue to develop The eFactory and contribute to its generation of positive economic impact for our region.”

The Plaster Center opened in spring 2013, and The eFactory currently has eight tenant client companies, leasing and occupying 13 of the 32 leasable spaces. In addition to the incubator space, The eFactory includes business support services to assist entrepreneurs in any stage of the business planning process and throughout the startup phase.

“Business development services and shared resources provided through The eFactory help clients mitigate risks, reduce expenses, and develop and execute viable business plans, increasing their likelihood of long-term success,” added Kunkel.

The small business incubator tax credit program helps certified business incubators generate private donations, establishing a collaborative business environment where small businesses can operate during the startup period.

The eFactory features 20,000 square feet of leasable space, including 150 square foot offices, 550 square foot office suites and 800-2,500 square foot labs and manufacturing space.

For more information, contact Kunkel at (417) 836-3020.

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About Missouri State University
Missouri State University is a public, comprehensive metropolitan system with a statewide mission in public affairs, whose purpose is to develop educated persons. The university’s identity is distinguished by its public affairs mission, which entails a campus-wide commitment to foster expertise and responsibility in ethical leadership, cultural competence and community engagement.
About IDEA Commons
This unique project brings together the elements of Innovation, Design, Entrepreneurship and Arts (IDEA) and is an example of how the University continues to be engaged in promoting the community’s livability and economic success. The major facilities currently in IDEA Commons include the Roy Blunt Jordan Valley Innovation Center, the Robert W. Plaster Center for Free Enterprise and Business Development, and Brick City
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