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WARREN — A federal investment of $571,355 in BRITE Energy Innovators will enable the technology and energy storage startup incubator to expand its network outside of Ohio and acquire lab equipment to serve the growing e-mobility sector.
The funding award announced Thursday will allow the organization — the only startup accelerator of its kind in Ohio — to add staff, including an expert in battery technology, said Sara Daugherty, director of partnerships for BRITE.
Announced by the U.S. Economic Development Administration, the funds, matched by $155,699 in local dollars, are expected to create 200 jobs, retain 150 jobs and generate $100 million in private investment over the next 36 months.