The Fund for Our Economic Future this week approved a 2010 grant-making budget of $7.8 million to carry on its work of spurring economic development activity in Northeast Ohio.
The fund, made up of more than 100 philanthropic organizations in 16 counties, plans to award grants in June and September to the following six regional economic development initiatives:
• BioEnterprise, a business development group aimed at the health care and bioscience industries.
• JumpStart, which invests in and mentors early stage businesses.
• MAGNET, which supports area manufacturers.
• Minority Business Accelerator 2.5+, which assists the growth of minority-owned businesses with annual revenues of at least $2.5 million.
• NorTech, a nonprofit technology-based economic development organization.
• Team NEO, which works to attract new business to the region.
The fund has just begun its third three-year phase and anticipates making $20.5 million in grants throughout the phase.
To read the full, original article click on this link: Ohio.com - Fund approves $7.8 million budget to award grants
Author: Ohio.com
