Canton innovation district receives funding approval

The City of Canton, the Stark Community Foundation, and Cleveland-based nonprofit JumpStart Inc. will provide a total of $266,000 in yearly funding to the city’s innovation district, CantonRep.com reports. The innovation district, which was created last year, “requires high-speed internet connectivity and allows for tax abatements that can be used to support technology businesses,” according to the article. The city will provide $75,000, the Stark Community Foundation $40,000, and JumpStart “will provide $52,000 and $99,000 through the state’s Third Frontier network.” For more, read the full article.

Economic Development, State Updates