Missouri looks to ease government restrictions on startups by creating an Entrepreneurship Office
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Missouri looks to ease government restrictions on startups by creating an Entrepreneurship Office

Missouri will soon be one of just four states with a program that aims to reduce the government hurdles startups have to jump through. Gov. Mike Parson signed legislation that would create the so-called Regulatory Sandbox program.

Sen. Denny Hoskins, R-Warrensburg, sponsored the provisions in the bill.

“Any time we have an opportunity to reduce the red tape that is part of the regulatory sandbox, it is a win for Missouri and a win for small businesses,” Hoskins said at Tuesday’s bill signing.

Rep. Alex Riley, a Springfield Republican who sponsored the House version, said Missouri would be one of only four states offering such a program.

“This is a program that will allow innovators and entrepreneurs, people who are bringing new ideas, products and services to market, to do so in Missouri, and often we have regulatory impositions that stifle innovative ideas before they even get off the ground.

Senate Bill 894 would also create the Missouri Office of Entrepreneurship. Sen. Travis Fitzwater, R-Holts Summit, is sponsoring the bill.

“You know, we spend a lot of money trying to get businesses to come to Missouri. We don’t spend a lot of money trying to grow businesses that start here,” he said. “And I think the governor agrees — we want an office that really focuses on the risk-takers in our state, the risk-takers who are going to take the risk to jump off the edge. The entrepreneurship office, I like that idea. It’s been a big thing all over the country. There are a few other states that are implementing entrepreneurship offices. All of our new jobs are coming from — they’re coming from startups. We want to help our local businesses get back on their feet and get going.”

The bill is scheduled to come into force on August 28.

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