Foundation Giving for Economic Development in Ohio on the Rise
Grant Dollars Increased 152% Over Three YearsNew York, NY — May 5, 2011. A new report from the Foundation Center finds that there is a growing interest among large foundations in Ohio in supporting economic development activities in the state. According to Spotlight on Economic Development Grantmaking in Ohio , grant dollars increased from $24.5 million in 2005 to $62 million in 2008, a 152% upswing. As a share of total giving in Ohio, economic development grants doubled, from 7 to 14 percent. In 2008, nearly