JumpStart may receive help from Cuyahoga County in effort to fund young tech companies
Cuyahoga County may end up helping JumpStart revive its efforts to fund young tech companies.
County Executive Armond Budish plans to ask county council to set aside $4.5 million for JumpStart, a nonprofit that works with local entrepreneurs.
The money would come in the form of two loans: $2.5 million would go into the nonprofit fund that JumpStart has traditionally used to fund tech startups, and another $2 million would go into a new for-profit fund that would target more mature startups looking to raise larger amounts of money.
Read more in Crain’s Cleveland Business and The Plain Dealer.
Articles originally published October 27, 2015.
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