The members of the Fund for Our Economic Future (the Fund), a philanthropic collaboration, have approved $3 million in funding to advance business development and job creation in Northeast Ohio, with the end goal of growing the regional economy so that all people benefit.

The recipients include:

Team NEO:  a one-year award of up to $650,000 to support the advancement of a shared, regional economic competitiveness strategy, business development and economic research.

BioEnterprise:  a two-year award of up to $800,000 to support its efforts to grow the bioscience cluster.

MAGNET:  a two-year award of up to $900,000 for its PRISM initiative to help mid-size manufacturers with high-growth potential innovate and prosper.

JumpStart:  a two-year award of up to $500,000 for its Scaleup Initiative to support high-growth potential companies; and a one-year award of up to $150,000 to support its startup network. 

Get all the details on this announcement here.