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The Burton D. Morgan Foundation Awards more than $500,000
06/24/2010

Trustees of the Foundation awarded $200,000 to BioEnterprise during a June board meeting. That grant brings to $900,000 the amount the Foundation has invested in the Cleveland-based organization that works to connect emerging bioscience companies in Northeast Ohio with clinical institutions, commercial partners and venture capitalists.

The mission of the Hudson-based Burton D. Morgan Foundation is to promote entrepreneurship and the free enterprise system. Foundation President Deborah Hoover said BioEnterprise fits firmly into that mission.

“BioEnterprise is playing a pivotal role in catapulting Northeast Ohio into the ranks of one of the most fertile places in the nation to grow a biomedical company,” she said.

Hoover said that in addition to supporting individual bioscience companies, BioEnterprise invests time and energy into creating an environment conducive to the growth of a dynamic bioscience community in our region.

“The Foundation believes in the leadership of this organization and its consistently solid track record. We are pleased to continue support of its business development and talent retention programs,” she said.

The grant will help support a business development program as well as an internship program.

Other grants recently approved by Foundation trustees include:

Akron Development Corporation – $15,000 for Web site enhancement and related printed materials for the Akron Global Business Accelerator.

Ashland University -- $58,500 for program support, two teacher academies, and student bus transportation to a science and technology forum in the 2010-2011 school year for the Scholarship of Entrepreneurial Engagement high school program.

E CITY – $35,500 for two BizCamps this summer for Akron middle and high school students.

Hudson Community First – $10,500 to support two career panels and a one-day student internship program, and to expand the Hudson Young Entrepreneurs group.

Invent Now – $77,000 to provide two Camp Invention programs in summer 2011 and 20 Club Invention afterschool programs in the coming school year for children in the Akron Public Schools and Wooster City Schools.

Junior Achievement of East Central Ohio – Up to $27,000 for high school programs during the 2010-2011 school year in the greater Canton area.

Junior Achievement of Greater Cleveland – $45,500 to support middle- and high-school programs, including the annual Student Company Program Challenge.

University School – $45,000 for the Entrepreneurship Institute and outreach programs for teachers and students in Northeast Ohio.

In addition to grants promoting entrepreneurship, Foundation trustees also approved several smaller grants, including several for Hudson. Those grants included $5,000 to the Hudson Community Foundation to help fund this year’s fireworks display in Hudson.

“Mr. Morgan was always a big fan of fireworks and would be pleased that Hudson continues to celebrate July 4th with a great show,” Hoover said.

Other Hudson grants included:

Hudson Montessori School – $3,200 to support expansion of the school’s micro-economy program, specifically for a portable kiosk, student workshops related to retail business management, micro-economy-related transportation and micro-economy supplies. Student ventures include an in-house store, a garden and greenhouse project, and a publishing effort.

Hudson Fire Department Association – $500 for the scholarship program for seniors who plan to pursue a career in emergency services.

Hudson Rotary Foundation – $1,000 to benefit the Hudson High School Scholarship fund.
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