Philanthropic grants supporting economic development activities in Ohio have tripled in the last 10 years to $24.6 million, according to a first-ever report released by the Foundation Center's regional center in Cleveland. The impact on this growing field of philanthropic endeavor has begun to show signs of real progress in strengthening Ohio's economy.
"Spotlight on Economic Development Grantmaking in Ohio" includes revealing data on economic development grantmaking, lists of top grantmakers and recipients, insights from key grantmakers, and profiles of Ohio foundations that have prioritized giving in this field.
The focus on reinvigorating the region's economy has produced clear results: for example, in 2002, "Entrepreneur Magazine" rated Northeast Ohio as the worst place in America to be an entrepreneur; by 2006, Northeast Ohio had moved up from 61st (last place) to 23rd place.
"The state of Ohio's economy continues to be a top priority," said Cynthia Bailie, director of the Foundation Center's Cleveland office and the author of the report.
Established in 1956, and today supported by more than 600 foundations, the Foundation Center is the nation's leading authority on philanthropy, connecting nonprofits and the grantmakers supporting them to tools they can use and information they can trust.
The Center maintains the most comprehensive database on U.S. grantmakers and their grants-a robust, accessible knowledge bank for the sector.
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Posted on February 19, 2008 11:56 PM
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