Cleveland venture development organization JumpStart Inc. has been awarded $1.5 million by the Economic Development Administration of the U.S. Department of Commerce.

It's the second award that the EDA has given JumpStart since JumpStart was created in 2004 to help early-stage companies.

In announcing the competitive grant today, U.S. Sen. Sherrod Brown said the money is expected to create 650 jobs by supporting high-growth companies in Northeast Ohio.

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