Obama Takes Start-up Effort to Ohio President Barack Obama on Tuesday heaped praise on entrepreneurs in America’s heartland in an ongoing effort to spur start-up activity and small-business job growth. In recent weeks, that effort has taken him from Northern Michigan to Silicon Valley. This week, the president visits Northeast Ohio with Cabinet officials to promote entrepreneurship at a forum hosted by Cleveland State University. The “White House Winning the Future Forum on Small Business” includes breakout sessions on high-growth entrepreneurship, access to capital, workforce development, boosting exports and clean-tech innovation, among other topics. Treasury Secretary Timothy Geithner is expected to lead the session on access to capital, while Energy Secretary Steven Chu takes up clean energy and Commerce Secretary Gary Locke discusses small-business export strategies. Under the banner of Startup American, an initiative launched shortly after the president’s State of the Union speech earlier in the year, officials at the Ohio event are expected to unveil a new national small-business fund led by the Lorain County Community College that offers “small but crucial grants to local high-tech startups,” allowing them to “prove their technology and raise money from private investors,” according to a White House blog post. The fund, which operates on tax-deductible donations, has already awarded $4.3 million to 60 local companies, which have since created 100 jobs and attracted $41 million in private investment, the blog post says. The community college has committed to helping colleges across the country develop a similar funding models. Source: Wall Street Journal << Back Author: Angus Loten

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