MAGNET, BRITE receive CARES Act funding to support local companies, entrepreneurs

MAGNET, BRITE receive CARES Act funding to support local companies, entrepreneurs
MAGNET, BRITE receive CARES Act funding to support local companies, entrepreneurs
Two Northeast Ohio organizations have received federal CARES Act funding to support manufacturers, startups and entrepreneurs.
Combined, MAGNET, the Manufacturing Advocacy and Growth Network, in Cleveland and BRITE Energy Innovators in Warren have received about $1.2 million in CARES Act Recovery Assistance funding, according to a news release from the Economic Development Administration.
"The Economic Development Administration is committed to helping communities across the nation implement strategies to mitigate economic hardships brought on by the coronavirus pandemic," said Dennis Alvord, acting assistant secretary of commerce for economic development, in the release. "These EDA investments will create jobs by providing resources for the manufacturing sector in the Cleveland area and expanding support for entrepreneurs in Northeast Ohio."

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