Last month, the northeast Ohio-based Burton D. Morgan Foundation announced grants totaling $982,500 that will support a wide array of youth, collegiate and adult entrepreneurship endeavors.
“The Board meets three times each year to consider grants to support strategically positioned entrepreneurship initiatives in the northeast Ohio region,” explains Deborah Hoover, President and CEO of the Foundation. “These grants reflect our best thinking on how we can foster entrepreneurship in our region and help to create a pipeline of entrepreneurially-minded individuals who will help reinvent the economy through new ventures and fresh approaches to solving problems.”
Recipients include the Fund for Our Economic Future
and Akron Public Schools
. A complete list of awardees is available at the fund’s official website, bdmorganfdn.org
Regarding how the funds will be used, Hoover says all recipients will be subject to the detailed agreements that govern each grant. “The grant purposes reflect a variety of strategies aimed at advancing entrepreneurship in the region.” These strategies will ultimately help grow and support Northeast Ohio’s entrepreneurial ecosystem.
The response from the entrepreneurial community throughout the state, Hoover says, has been overwhelmingly positive and upbeat, with notable excitement about the future. “As I have traveled to other regions of the nation in recent months sharing our story, people are fascinated to hear about the entrepreneurial spirit that is growing in our region and excited to learn how Northeast Ohio has come together to rekindle its entrepreneurial base,” notes Hoover. “The Burton D. Morgan Foundation is proud to be part of this unfolding and vibrant story of determination and resurgence.”
Source: Deborah Hoover
Writer: Joe Baur