YBI, Akron Accelerator Get Funding for Expansions

Story excerpt provided by The Business Journal.

Expansions at the Youngstown Business Incubator and the Akron Global Business Accelerator stand to enhance northeastern Ohio’s potential as a high-tech hub, U.S. Rep. Tim Ryan, D-13 Ohio, said Thursday.

The congressman announced funding from the Economic Development Administration, a division of the U.S. Department of Commerce, for two major projects: a $3 million grant for the YBI to renovate a fifth building and thus expand its downtown campus, and $2.5 million for the Akron Global Business Accelerator to construct the Bits and Atoms Innovation Center.

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Originally published September 26, 2014.

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