The JumpStart Entrepreneurial Network has added a new funding resource as part of its group of entrepreneurial support organizations. The Wooster Opportunities Fund, developed by the City of Wooster and Wooster Growth Corporation, in collaboration with the JumpStart Entrepreneurial Network, will offer loans up to $35,000 for early-stage, high-growth technology companies.

The new loan source is part of an ongoing effort to expand the entrepreneurial community in Wooster, according to Richard Benson, law director for the city and legal counsel for Wooster Growth Corporation. "There are so many new ideas and young companies birthed here, and the fund provides yet another reason for those ideas to turn into big companies right in the City of Wooster."

Entrepreneurs who apply for a loan from the Wooster Opportunities Fund will have at their fingertips additional resources available from the JumpStart Entrepreneurial Network, says John Dearborn, president of JumpStart. The JumpStart Entrepreneurial Network is composed of several Ohio Third Frontier entrepreneurial support organizations that together provide specific resources for young companies looking to grow.

An official launch event for the Wooster Opportunities Fund will take place on Thursday, December 2, from 2 to 4 p.m. at the Olde Jaol Restaurant, 215 N. Walnut St., in Wooster.

SOURCE: JumpStart Entrepreneurial Network
WRITER: Diane DiPiero