GRANT PROGRAM - FULFILLING THE MISSION OF ARCH GRANTS THROUGH THE PROVISION OF FINANCIAL AND OTHER ASSISTANCE THROUGH THE PRIMARY MEANS OF COMPETITIVE GRANT PROGRAMS, THE PURPOSES OF WHICH ARE TO COMPENSATE FOR THE LACK OF ACCESS TO ADEQUATE SOURCES OF CAPITAL, TO DEVELOP ENTREPRENEURS IN STARTUP BUSINESSES IN THE CITY OF ST. LOUIS, CREATE JOBS, COMBAT BLIGHT, AND CREATE COMMUNITY DEVELOPMENT. DURING 2023, 22 NEW GRANTS WERE AWARDED INCLUSIVE OF 9 RELOCATION GRANTS THROUGH THE ANNUAL STARTUP COMPETITION (22 FULL $75,000 AWARDS AND 9 RELOCATION GRANTS OF $25,000), IN ADDITION TO 4 FOLLOW-ON GRANTS TO PREVIOUSLY FUNDED COMPANIES WERE AWARDED THROUGH THE GROWTH GRANTS PROGRAM (3 FULL $100,000 AWARDS, AND 1 PARTIAL $50,000 AWARD). AS OF DECEMBER 31, 2023, ARCH GRANTS HAS AWARDED $16.4 MILLION IN GRANTS TO (SEE SCHEDULE O) 252 COMPANIES. SINCE THE LAUNCH IN 2012, SEVERAL THOUSAND APPLICATIONS HAVE BEEN RECEIVED FROM AROUND THE WORLD, INCLUDING APPLICATIONS FROM 49 STATES AND 93 COUNTRIES.
