Entrepreneurs Get a $3 Million Boost

High-growth entrepreneurial companies create lots of jobs and lots of wealth. Companies like Google start small, grow fast and someday become giants. Northeast Ohio has recently had a few such high-growth enterprises -- companies like MemberHealth in Solon, Turning Technologies in Youngstown, and Technigraphics in Wooster. But we need more and the Burton D. Morgan Foundation is putting some serious cash up to do just that.

The Hudson-based foundation, which was formed by the late entrepreneur Burt Morgan, has awarded a grant of up to $3 million to JumpStart, the regional organization that assists and invests in promising companies. JumpStart will need to raise an additional $3 million to get the full Morgan grant.

 “JumpStart continues to stand out as the premier entrepreneurial services provider in the state and as a major force in creating a culture of entrepreneurship throughout Northeast Ohio,” said Deborah Hoover, president of the foundation.