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Ohio County Considers $5M Investment in Tech Startups


Ohio County Considers $5M Investment in Tech Startups
A Cuyahoga County, Ohio, Council committee on Monday approved a $5 million loan to JumpStart Inc. to invest in startup businesses primarily related to health care and information technology.
by Courtney Astolfi, cleveland.com
/
April 20, 2021
Shutterstock
JumpStart Inc. to invest in start-up businesses primarily related to health care and information technology.
The loan, subject to approval by the full Council, would go to the entrepreneurial support and funding organization, which has offices in 
Cleveland and 
JumpStart NEXT II Fund.
JumpStart will use the fund expected to have at least $30 million to buy ownership in promising, early-stage companies, most of which are expected to be software-related, JumpStart CEO  ....

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Australian firm Nazz Investment buys vacant lots around Stark County


An Australian company now owns 30 vacant residential lots scattered around Stark County.
Nazz Investment Group USA LLC acquired the parcels in early February, according to information filed with the Stark County Auditor s office. All of the properties were purchased from Pilgrim NEO, another out-of-state business.
The total sale price for the 30 parcels came in at $42,526, records show.
According to county records, Pilgrim REO bought the properties in January 2015. The 30 parcels were among 51 that transferred to Pilgrim REO from CapCar Realty 1, according to paperwork filed with the Stark County Recorder s office. The filing shows Pilgrim REO and CapCar Realty 1 had the same address in Boston. ....

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NE Ohio investment funds clean up in Ohio Third Frontier funding round


NE Ohio investment funds clean up in Ohio Third Frontier funding round
Updated Mar 11, 2021;
By Mary Vanac | Cleveland Business Journal
JumpStart Inc. and North Coast Ventures are among early stage funds in Northeast Ohio that will share $72.7 million in funding approved by the Ohio Third Frontier Commission Wednesday.
The funds will leverage the state money with $95.5 million in matching capital to make seed and seed-plus loans to Ohio technology companies in the early stages of commercialization.
Each of the funds projects that the startups it supports will create hundreds of jobs. ....

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