The Missouri Technology Corporation (MTC) announced plans to partner with TEConomy Partners, LLC, a global leader in research, analysis, and strategy for innovation-driven economic development, to conduct a statewide, data-driven initiative to support entrepreneurship and innovation.
“TEConomy has an impressive history of working to support economic development initiatives across Missouri, both in its rural areas and urban communities,” said Dr. Dedric Carter, Chairman of MTC. “MTC is excited to partner with TEConomy on this transformative strategic initiative to advance entrepreneurship and innovation throughout the state.”
TEConomy has worked extensively with other states to develop strategic action plans that boost economic development. MTC will leverage TEConomy’s expertise to create an updated and data-driven plan that advances entrepreneurship and accelerates growth in Missouri. This will result in higher-paying jobs that will benefit communities statewide.
“We are excited to undertake this project, which we believe will have a catalytic effect on Missouri’s economy,” said Deborah Cummings, Principal and Senior Director of TEConomy. “Our intent is to forge a strategic plan that can help inform Missouri’s leadership on how best to promote entrepreneurship and advance technology and innovation across the state. The strategy will ultimately lead to new programs and/or the reconceptualization of existing programs to address current gaps in Missouri’s entrepreneurial ecosystem.”
MTC’s strategic initiative will be guided by a steering committee of approximately 15 thought leaders representing Missouri entrepreneurs. A quantitative analysis will compare innovation and entrepreneurship activity to peer states, while a qualitative analysis will help determine Missouri’s strengths and weaknesses. This work will produce a strategic plan that provides recommendations for programs, policies, and initiatives designed to create a road map for addressing Missouri’s evolving entrepreneurial and innovation needs.