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Cleveland State Study Reports on Impact of JumpStart Inc.

Wednesday, April 28, 2010

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

Venture developer JumpStart Inc. has generated $267 million in economic activity and helped support 664 jobs in Northeast Ohio over the past four years, according to a Cleveland State University study commissioned by the group.

Those figures are based on jobs and spending attributed to the startup technology companies that the nonprofit has invested in and provided assistance to as well as the indirect impact that those companies have had on other area businesses and organizations.

JumpStart chief marketing officer Cathy Belk said the group is on track to hit its original goal of generating $400 million in economic impact by the end of 2011. The number may appear ambitious, but the group's impact on the regional economy increases as it invests in more companies...
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