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SBA’s Mills to Tout Job Creation, Innovation of St. Louis Small Businesses

Release Date: 
Monday, January 24, 2011
Release Number: 
Advisory Number: 
June Teasley (816) 426-4845

Innoventor growth supported by SBA Jobs Act Loan

St. Louis – SBA Administrator Karen Mills will visit St. Louis-based Innoventor on Wednesday to tout the company’s innovation and plans for creating 60 new jobs with the support of a $5 million loan made possible through the Small Business Jobs Act that was signed by President Obama in September.

Innoventor, Inc. is the go-to company for businesses who have an idea and want it invented. It’s been a part of building: a non-invasive, magnetically controlled heart catheter machine; a chiller for use in human laser surgery; aerospace and defense equipment that helps keep the planes in the air; TheraStride, a technology developed through funding from the Christopher Reeve Foundation, that helps people with spinal cord injuries restore their ability to walk; and green technology that converts swine manure into biofuels and asphalt.

WHO: SBA Administrator Karen Mills
            Mike Heaton, Director and Principal, Innoventor, Inc.
            Dan Fitter, COO/CFO, Innoventor, Inc.
            Rick Shover, First National Bank of Barry, Barry, IL

WHAT: Press Conference Highlighting Local Small Business Job Creation

WHERE:  Innoventor, Inc.
                 3600 Rider Trail South
                 St. Louis MO 63045

WHEN: 10:30 AM Press Conference
              10:45 AM Photo Opportunity – Tour of Plant