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The St. Louis County Port Authority is a public economic development agency, fostering industrial growth and infrastructure. It acquires property, develops real estate, and issues bonds to establish facilities and business parks. This capability creates essential frameworks for private capital investment, stimulating job creation and economic activity across St. Louis County.
Established under Missouri state statute, the Authority's inception reflects a legislative insight into the necessity of a dedicated entity for strategic regional development. Its formation arose from governmental recognition that a public body could effectively coordinate infrastructure projects and attract vital private investment, guiding its mandate for long-term economic stability.
Beneficiaries include industrial developers, local businesses, and community organizations supported by its Community Investment Fund. The Authority's vision is to enhance the general welfare of St. Louis County residents by consistently encouraging private capital, cultivating a dynamic environment for sustained economic expansion and community betterment.
St. Louis County Port Authority has 2 tracked investments across 2 companies. The latest tracked deal is $2.4M Other Equity in Covercress in March 2017.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Mar 30, 2017 | Covercress | $2.4M Other Equity | — | Michael Roth, Biogenerator, Cultivian Sandbox Ventures, Missouri Technology Corporation, Monsanto Growth Ventures, Prelude Ventures, Prolog Ventures, ST. Louis Arch Angels, The Yield LAB |
| Sep 9, 2014 | Euclises Pharmaceuticals | $1.3M Series A | Rick Ryan | ABC Laboratories, Charlie Bolten, Missouri Technology Corporation, Robert Calcaterra |
