Wooster Opportunity Loan Fund

The Wooster Opportunity Loan Fund supports early stage, high-potential technology companies located in or willing to move to Wayne County. The fund awards loans of up to $35,000 to companies with high potential to raise venture capital money and create new jobs. Loan proceeds must be used for a specific project or initiative that will bring the company closer to obtaining pre-seed funding; in addition, these loans are secured by the intellectual property and other assets of the company.

 

These loan payments are deferred for five years, or until:

 

    • Companies receive a significant financing event (greater than $1.5 million)

 

    • The company—or a substantial amount of its assets, greater than 51%—is sold

 

  • The company fails to comply with the terms of their agreement (e.g., leaving Wayne County)

This Fund was developed by the City of Wooster and the Wooster Growth Corporation, in collaboration with the JumpStart Entrepreneurial Network and with support from the Wooster Area Chamber of Commerce, Wooster Community Hospital, the Wayne Economic Development Council and Cascade Capital.

Support Organization Location: 

377 west liberty, wooster, ohio 44691
40° 47' 51.8316" N, 81° 56' 42.774" W

FlashStarts

Flashstarts is a Cleveland-based business startup accelerator and venture fund focused on unique and innovative uses of software and technology.

Flashstarts’ rigorous 12-week summer accelerator program is powered by rapid cycles of feedback and iteration, customized guidance from dedicated coaches, an extensive network of top-tier, experiencedmentors, and an award-winning internship program

Support Organization Location: 

50 Public Square, Cleveland, Ohio 44113
41° 29' 54.3012" N, 81° 41' 37.4244" W

Wooster Area Chamber of Commerce

WORKFORCE PREPAREDNESS & EDUCATION

  • Reestablish relationship with Junior Achievement encouraging Chamber members to connect with young talent in our community.
  • Expand the Junior Leadership Wooster program to area county schools.
  • Establish internship programs to match you with business leaders.
  • Coordinate efforts with ODJFS, Wayne County Schools Career Center, local Universities, Colleges and High Schools to connect the needs of business with curricula.

LEGISLATIVE ADVOCACY

  • Be the voice for our local business needs at the local, state and national level
  • Set forth our local business needs with the Public Utilities Commission of Ohio, American Electric Power, Dominion East Ohio Gas and The City of Wooster to enhance services in our community.
  • Maintain a solid environment for economic development by promoting attractive local incentives.

COMMUNITY DEVELOPMENT

  • Coordinate efforts with Wayne Economic Development Council, Wooster Growth, Wayne County Community Improvement Corporation and Main Street Wooster, Inc. to revitalize degraded properties in the Wooster area.
  • Maintain and enhance relationship with local community services agencies aimed at enhancing quality of life and employment sustainability.
  • Promote and develop initiatives to encourage home ownership and neighborhood loyalty.
  • Identify and advance the legislative issues, elected officials and initiatives to create a pro-business environment.
 

Support Type: 

Advocate

Support Organization Location: 

377 W. Liberty Street, Wooster, OH 44691
40° 47' 51.8316" N, 81° 56' 42.774" W

BioHio Research Park

We are an Affiliate of The Ohio State University located on the beautiful campus of OSU’s Ohio Agricultural Research and Development Center (OARDC) in Wooster, Ohio. BioHio is in the heart of some of the most productive farm land in Ohio as well as the technologically advanced, culturally vibrant and entrepreneurial north east Ohio.

As part of one of the longest-lived land-grant research and development institutions in the United States OARDC has a long and proud history of successful agbioscience technology transfer to the marketplace. With the launch of BioHio Research Park we look forward to increased opportunities to support companies and organizations bringing new and exciting products and technologies to the marketplace.

BioHio Research Park welcomes start-up companies, growing companies, mature corporate partners (domestic & international), research institutes, and academic and government laboratories. Our business focus on agbioscience technology with emphasis on bioenergy & bioproducts, food production & safety, human and animal health and environmental management & engineering is unique in US research parks

Support Type: 

Resource Provider

Support Organization Location: 

1363 Gerlaugh Drive, Wooster, Ohio 44691
40° 46' 54.9192" N, 81° 55' 42.1356" W

Wayne Economic Development Council

Wayne County's consistent performance is fueled by a vibrant, international business community. Conveniently nestled between Cleveland and Columbus, area businesses have come to realize the advantages of a small town location including a cost-competitive, skilled workforce and a collaborative, pro-business governance. Companies like The J.M. Smucker Company, The Schaeffler Group, Worthington Industries, Daisy Brand and PepsiCo, have chosen Wayne County for its ease of access to major U.S. and international markets, its leading education and research institutions and its below average business and living costs.

Support Organization Location: 

542 E. Liberty St., Wooster, Ohio 44691
40° 47' 58.1352" N, 81° 55' 59.232" W

Greenfield Farms

Green Field Farms, a farmer owned co-op, was established in 2003 to assist in the revitalization of our culture’s rich farming history.Our small family farms have been growing organic and nutrient dense food for centuries. Each of our producers follow strict guidelines and common principles that reach beyond FDA regulations. We firmly believe in continuing our old-world tradition of providing healthy, nourishing food, for our family and yours.

Support Organization Location: 

6464 Fredericksburg Road, Wooster, OH 44691
40° 43' 13.404" N, 81° 53' 38.724" W

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