WARREN, Ohio – The trustees of the Burton D. Morgan Foundation approved approximately $3.5 million in grants for initiatives to impact the entrepreneurial ecosystem in Northeast Ohio, including $14,400 awarded to the Tech Belt Energy Innovation Center here.
TBEIC will use the grant for its Founder’s Exchange programming, an energy hack-a-thon and speaker honoraria for an energy expert.
The Burton D. Morgan Foundation supports entrepreneurship at the youth, collegiate and adult levels. More than $1.6 million in grants was directed to initiatives supporting the adult entrepreneurship space.
“Burt Morgan’s ventures benefited from the mentorship he enjoyed as a fledgling entrepreneur and throughout his career, he generously paid it forward serving as mentor to dozens of startups as they navigated the challenges of the journey,” said the foundation’s president and CEO, Deborah Hoover, in a release. “We believe that the Burton D. Morgan Mentoring Program honors our founder’s legacy by recruiting mentors who know the right questions to ask and then matching them with ventures that can benefit from their hard-earned wisdom.”
Among the other awards was a $500,000 grant to bolster Fund for Our Economic Future over the next three years. Fund for Our Economic Future is a regional collaborative dedicated to advancing economic growth and equitable access to opportunity in Northeast Ohio through research, civic engagement and grantmaking. Since its founding in 2004, the fund has helped its partners jointly retain or create 33,900 jobs, add $1.5 billion in payroll and attract $8.4 billion in capital to the region.
Copyright 2020 The Business Journal, Youngstown, Ohio.
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