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Attracting Pittsburgh's Money
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One way to judge a region's economic future is to look and see whether money from elsewhere is being invested there. It used to be that investors were reluctant to bet on Northeast Ohio's early stage companies. Thanks to the work of BioEnterprise, JumpStart, the NEOinc incubators and many others, that is no longer the case. Not only are Northeast Ohio companies attracting capital from outside the region, increasingly venture capitalists are opening offices here so they can get in on the action. The latest example is www.inetworksllc.com, which operates a $100 million BioOpportunity Fund. Based out of Pittsburgh, iNetworks this month opened an office in Cleveland's Midtown Neighborhood. Here is what iNetworkshad to say about their decision to open an office in Northeast Ohio:
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