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Region’s Startup Businesses Get a Boost

Friday, September 17, 2010

Excerpt of story provided by Greater Fort Wayne Business Weekly
Written by Barry Rochford

A Cleveland-based nonprofit organization that assists entrepreneurs with their business plans, invests in companies and matches them with other investors has begun work on developing a startup support program in northeast Indiana.

JumpStart Inc. has received $1.5 million from the U.S. Economic Development Administration and $500,000 each from the John S. and James L. Knight Foundation in Miami and the Surdna Foundation in New York. Its mission is to help create action plans for the 10-county area comprising the Northeast Indiana Regional Partnership and five other Midwest areas that have been identified as being dealt significant blows by the U.S. automotive industry: Gary/northwest Indiana; Akron, Ohio; Detroit; Duluth, Minn.; and Minneapolis/St. Paul.

Additional funding will allow JumpStart to assist in developing a plan for north-central Indiana, said Steve Berger, a senior adviser with JumpStart who is involved in the organization’s efforts in northeast Indiana...
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