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Morgan Foundation awards grants

9/12/2013 - West Side Leader
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By Staff Writer

HUDSON — The Burton D. Morgan Foundation announced grants totaling $982,500 this summer to support programs that focus on entrepreneurship for youth, college students and adults.

The latest round of grants included an additional award of $350,000 for the Fund for Our Economic Future to assist with Phase 4 activities. This follow-on grant boosts the foundation’s contributions to a total of $500,000 for the fund’s latest three-year phase. The Fund for Our Economic Future, now in its 10th year, aims to strengthen the economic competitiveness of Northeast Ohio through grant-making, research and civic engagement.

Additional grants approved by the foundation’s trustees in June include:

  • Akron Public Schools, $50,000 over two years to develop the Akron STEM (science, technology, engineering and math) High School’s entrepreneurship program and to equip the school’s Entrepreneur Learning Lab;
  • Akron Community Service Center and Urban League, $20,000 for the Partnership for the Minority Business Accelerator (PMBA) Class V;
  • Austen BioInnovation Institute in Akron, $100,000 for the entrepreneurship graduate internship program and for the Technology Development Fund;
  • Bad Girl Ventures, up to $25,000 for Cleveland operations and for an Akron pilot program;
  • BioEnterprise, up to $200,000 for business development and entrepreneurial assistance and for the graduate internship program in 2014;
  • Entrepreneurial Engagement Ohio, $55,000 for Northeast Ohio programs in 2013-14, including the new Introduction to the Innovation Economy of Northeast Ohio online course;
  • JumpStart Inc., $20,000 for meeting coordination and facilitation, communications and strategy implementation associated with the regional “Gazelles Strategy” initiative; and
  • Akron Area YMCA, $16,000 for a business boot camp and entrepreneurship program for youth.

Since February, the foundation also approved a number of small grants to support youth, collegiate and adult entrepreneurship programs, including a $5,000 grant to the Akron Area Arts Alliance for the Artists Entrepreneurship Institute in Summit County.

A more complete list of grants awarded can be found by visiting bdmorganfdn.org/grants-awarded.

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