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JumpStart reports $1.6 billion in economic impact on Ohio in 2023

June 27, 2024
By: SSTI Staff

The recently released annual impact report from JumpStart, a Northeast Ohio-based venture development organization celebrating its 20th anniversary this year provides one of the latest examples of the out-sized economic and social benefits states and regions receive by making sustained investments in well-designed nonprofit, public-private TBED initiatives supporting innovation-driven entrepreneurs.

The Jumpstart 2023 Economic Impact Report  documents tech startups served by JumpStart and its network of 13 entrepreneurial support providers directly generated $682 million of economic activity in Ohio in 2023 alone. The figure is 35% higher than reported in 2022. The report also notes that those same tech startups created and maintained 4,698 direct jobs supporting 3,175 households across the state last year

economic impact report