Home > Results > JumpStart News > Morgan Foundation Awards Grant to JumpStart

Morgan Foundation Awards Grant to JumpStart

Wednesday, September 24, 2008

Excerpt of story provided by Crain's Cleveland Business
Written by Chuck Soder


JumpStart Inc. will receive the biggest grant that the Burton D. Morgan Foundation has ever given to a program that doesn’t involve construction.

The Hudson-based foundation this morning announced it would give the Cleveland business development organization a grant that could reach $3 million if JumpStart finds another $3 million to match it...

...The foundation, which invests in organizations that promote entrepreneurship, has given larger grants to capital projects in the past but has never given more money to a program, Ms. Hoover said. Previously, the largest program grant it had awarded was $1.5 million to support an endowed chair in entrepreneurial studies at Baldwin-Wallace College, she said...

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