$3.2 million in donations will help support emerging entrepreneurs in Ohio
Crain's Cleveland Business (subscription required) reports that two foundations, the Burton D. Morgan Foundation and the Blackstone Charitable Foundation, have each donated $1.6 million toward the development of the "Blackstone LaunchPad," a resource center for emerging entrepreneurs. The beneficiaries include Case Western Reserve University, Baldwin-Wallace College, Kent State University, and Lorain County Community College. "The idea is to offer students and faculty – regardless of their discipline – coaches to get new businesses off the ground," the article said.
The project, which aims to create 3,000 new jobs in the area, is part of a $50 million national effort by the Blackstone Charitable Foundation to create 300,000 jobs over the next five years by supporting entrepreneurship initiatives in the areas hardest hit by the economic turndown.
