City and county launch initiative to invest in — and keep — start-ups

While the structure and details are still being worked out, Reagan said, the goal is to raise $100 million in private funds over the next five years.

"It’s not a fund. It’s an initiative to build on the rich fundraising initiatives that are going on now. It is going to be an initiative that will have to bring people from the public sector, the private sector and from sources outside of our community that are not invested now," Reagan said. "It’s going to be about leverage. It’s going to be about creating opportunity like many of you have done."

Full Story: https://www.stlbeacon.org/#!/content/31414/regional_startup_initiative_kickoff