In a recent article by the Toledo Blade, Rocket Ventures president Bob Savage explains, “One of our main jobs right now is to build more and more partnerships in the private sectors and the base of assets we have here. Because we really do have a base of assets in northwest Ohio. They just haven’t been connected before”
Since it began in 2007, Rocket Ventures has supported 45 companies, that now have a combined $45 million in sales and $18 million in payroll- with an average wage of over $51,000.
The economic benefits to building a dynamic entrepreneurial ecosystem are clear, but it takes a long-term dedicated effort to helping entrepreneurs in every stage of their development. This long-term project to build a sustaining venture investment “ecosystem” is being led by organizations like Rocket Ventures and many others all across Ohio.
That is why VentureOhio supports:
- Expanding available funding for existing early stage investors
- Creating a new Fund-of-Funds to spur additional investment in Ohio based high-growth companies
- Restoring the Ohio Technology Investment Tax Credit
- Enhancing the Ohio Third Frontier
Learn more about the VentureOhio policy agenda by clicking on the button below.
Read the Toledo Blade article by clicking on the link: Rocket Ventures new fund manager eyes broader borders of region’s business ecosystem.