Newsy.com Visited by Missouri Governor Jay Nixon

January 21, 2010

Governor discusses his 2010 Jobs Package at video news startup in Columbia, Missouri

 

Columbia, MO - January 21, 2010 - Newsy.com, a multi-source video news service, is one of the Missouri companies where Governor Jay Nixon will describe his 2010 Jobs Package, which was the centerpiece of his State of the State Address last night.

 

"We're thrilled the governor is discussing his plans for Missouri jobs creation and economic growth at Newsy.com," Jim Spencer, president of Newsy.com explains. "As a technology company that hires locally and offers on-the-job training, Newsy.com is very much in step with the objectives of the 2010 Jobs Package."

 

Newsy.com, in partnership with the University of Missouri and the world-renowned Missouri School of Journalism, provides students with real-world experience in its state-of-the-art newsroom. Newsy.com offers two courses to students: An online audience development class, and a global converged news class taught by Newsy.com Vice President of Editorial Pam Maples, who was previously the managing editor of the St. Louis Post Dispatch.

 

Newsy.com's partnership with the Missouri School of Journalism and its relocation to Columbia MO from Silicon Valley provides Newsy.com with a strategic competitive advantage that enables the company to compete more effectively on the global stage.

 

"We need to give people a reason to stay and work in Missouri - in the past, you had to go to Silicon Valley or New York City to work at an innovative web startup company - now you can do it right here in Columbia," says Spencer, a Missouri native who received his master's degree from the Missouri School of Journalism.

 

The company has raised $1.7 million of $2 million in its second round of funding, all from Missouri-based investors. The company plans to complete the round by February 20, 2010.

 

Newsy.com received economic development incentives including tax credits from the Missouri State Department of Economic Development and strong local support from the City of Columbia (REDI).

 

 

About Newsy.com

Newsy.com (http://www.newsy.com) is a multi-source online video news site that monitors, analyzes and presents the world's news coverage. Through short video segments available on multiple platforms, Newsy.com accelerates the understanding of how a news story is covered differently by media outlets around the world.