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.