Team NEO Awarded $175,000 Grant

Team NEO Awarded $175,000 Grant from The Burton D. Morgan Foundation

At their June meeting, The Burton D. Morgan Foundation Trustees approved a grant of $175,000 to support Team NEO and its efforts to grow Northeast Ohio’s emerging innovation clusters.

“We are grateful to have the Burton D. Morgan Foundation as a trusted partner in our collective efforts to foster innovation and help nurture growth companies in our region,” says William Koehler, CEO of Team NEO. “This funding will allow us to bring our valuable services to a larger number of companies within our advanced energy and flexible electronics clusters. This in turn will enable us to help spur business retention and expansion in Northeast Ohio.”

About Team NEO:

Team NEO is an economic development organization focused on creating jobs for Northeast Ohio’s residents. In collaboration with our partners, it leads the region’s business attraction efforts, supports business retention and expansion work as Northeast Ohio’s JobsOhio affiliate, and aligns strategies and resources within the economic development network to maximize its impact.  In addition, Team NEO provides tools to assist employers in attracting talent to the region.

About The Burton D. Morgan Foundation: 

The Burton D. Morgan Foundation is a private foundation established in 1967, whose mission is to champion the entrepreneurial spirit. To advance the mission, the Foundation supports entrepreneurship and entrepreneurship education programs and initiatives at the youth, collegiate, and adult levels. A legacy of founder and entrepreneur Burton D. Morgan (1916-2003), the Foundation leverages its grant and staff resources to connect the people, ideas, organizations, and opportunities that comprise the vibrant and growing entrepreneurial ecosystem in Northeast Ohio. For more information, please visit