JobsOhio launching $50 million evergreen fund

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.

Stay connected with us on Twitter and LinkedIn. Article ideas and other suggestions should be sent to tballard@pyapc.com. Include the name and contact information (phone and email) for follow-up.