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Brookings: Great Lakes region needs venture capital superfund

A new Brookings Institute report says a massive venture capital fund that pumps money into Great Lakes businesses is crucial for the economy of the region to move beyond its Rust Belt status, reports Business First.

Turning up the Heat: How Venture Capital Can Help Fuel the Economic Transformation of the Great Lakes Region, calls for creation of a $1- billion to $2-billion venture capital fund that would feed smaller funds investing in businesses and startups across the Great Lakes states, including Ohio.

Read the full story here.

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