Story excerpt provided by Gallipolis Daily Tribune.
Ohio University has received a $2 million grant from the Appalachian Regional Commission’s Partnerships for Opportunities and Workforce and Economic Revitalization (POWER) program to create a 28-county regional innovation network in Ohio, West Virginia and Kentucky.
The goal of the program is to create 125 new businesses, 1,110 jobs and raise $25 million in company investments from public and private sources over the next six years.
“Throughout Ohio University’s 212-year history, we have witnessed the fallout from closures of coal operations, power production facilities and industrial suppliers across this great region,” said Ohio University President Roderick J. McDavis. “We recognize our responsibility to extend beyond our campuses to engage communities in economic development activities that create jobs and improve lives.”
Ohio University’s Innovation Center, an incubator for small high-tech businesses, and partners from across the tri-state region will work collaboratively on the Leveraging Innovation Gateways and Hubs Toward Sustainability (LIGHTS) program to provide expertise, training and resources to the regional workforce, entrepreneurs, companies and local communities.
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Originally published August 24, 2016.