Soon after announcing three innovation hubs as part of a Buckeye State initiative, JobsOhio has made another major announcement.
The JobsOhio Growth Capital program will invest $50 million in the next year to help fledging businesses attract funding while making a profit that JobsOhio can invest in future companies. The approach is similar to venture capital, a type of private investing that makes bets on small companies, hoping the stakes become more valuable after the company grows. JobsOhio officials, however, say they are not starting a venture capital fund, but rather an evergreen fund.
Learn more at this link.