“In April, Representative Tim Ryan (D-Ohio) introduced a bill that would allow EDA, which currently limits its incubator funding to construction and renovation projects, to include grants of up to $3 million for operations and support services. Ryan says the successes that the Youngstown Business Incubator and the nearby Akron Global Business Accelerator have had creating jobs in industrial ghost towns prompted the bill. (Both incubators are in his district.) “It’s not 1960 where General Motors is going to come and drop in a plant with 15,000 jobs,” Ryan says. “Those days are over. You’re growing your own businesses now.”

Read the full news story