DevelopOhio

In recent comments to Columbus Business First, Mark Kvamme, who stepped down as the top executive at JobsOhio on November 1, revealed that he has started a venture capital firm that he hopes will “raise at least $250 million for investments in Midwest businesses, with the majority to be in Ohio.” Kvamme, who prior to JobsOhio was a Silicon Valley venture capitalist, plans to utilize this new venture to address the region’s lack of access to capital, which he sees as “one of the main obstacles to growing Ohio’s economy,” the article said. With only 7 percent of the nation’s venture capital invested in the Midwest, expanding access to capital, both in Ohio and the wider Midwest region, is crucial to expanding economic growth, according to Kvamme. For more, read the full story.