Stark County group sends Northeast Ohio an angel fund

Story excerpt provided by Crain’s Cleveland Business.

Written by Chuck Soder.

Now Northeast Ohio has two angel investment funds.

A group of 34 individual “angel” investors from Stark County and surrounding areas plan to form the Impact Angel Fund, which aims to invest in high-tech startup companies across the southern portion of Northeast Ohio — from Mansfield to Canton to Youngstown.

After rejecting the group’s proposal twice, the Ohio Third Frontier economic development program on June 11 awarded the group a $1 million loan.

Fund members are tossing another $1 million of their own money into the fund.

Click here to read the complete article.

Originally published June 29, 2014.

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