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News Brief

Sept. 15, 2014ST. JOSEPH, Mo. |  By: Lawrence

St. Joseph Angel Capital Group, LLC. to Help Local Businesses

The St. Joseph Chamber of Commerce has partnered with the Innovation Stockyard to form the St. Joseph Angel Capital Group, LLC.

Angel funding is an important step in the early stages of business financing. Many communities have created angel funds as a way to help grow new local businesses, and attract emerging businesses that are developing a new product or technology.

The St. Joseph Chamber of Commerce's director of communications and marketing, Kristi Bailey, says the purpose is to help entrepreneurial companies.

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The St. Joseph Angel Capital Group LLC has already attracted 10 local investors and hopes to have as many as 20. The investors will meet regularly to hear investment opportunities from new ventures. They will work together as part of the investment review, but will individually decide if they wish to make particular investments.

The group's first meeting is scheduled to be in October.

Those interested in membership in the angel fund group can contact Patt Lilly at the St. Joseph Chamber of Commerce office.