Wexner Growth Fund Targets New Business Startups and Relocation to Summit County and Northeast Ohio

A major new funding initiative is poised to energize Ohio’s economy and accelerate the rise of new business startups across the state. Spearheaded by retail magnate Les Wexner and a coalition of top Ohio business leaders, Wexford Growth Partners — also known as the Wexner Growth Fund — is a $1 billion private equity and venture fund focused on driving innovation in the Midwest.

Investing in Ohio’s Innovation Corridor

Wexford Growth Partners will focus on high-impact sectors including AgTech, Clean Energy, HealthTech, and AI/Data Infrastructure — all critical to the future of Ohio’s tech and startup landscape.

What sets this fund apart is its Ohio-first strategy: companies that are based in or plan to relocate to cities like Akron, Cleveland, Columbus, Dayton, or Cincinnati will be given investment priority. This makes Summit County a highly attractive destination for entrepreneurs looking to launch or expand in a supportive, innovation-driven environment.

A Catalyst for Relocation and Local Growth

The fund aims to reverse the brain drain that has seen too many of Ohio’s best and brightest leave for opportunities elsewhere. By targeting scale-ups and high-growth ventures willing to hire locally, Wexford Growth Partners is helping build a long-term pipeline of talent, investment, and innovation right here in Northeast Ohio.

Strategic partnerships with Ohio State University, Cleveland Clinic Ventures, and JobsOhio will further strengthen the ecosystem and provide direct support to startups and relocating companies.

Summit County: A Natural Fit for New Ventures

With its strong workforce, affordable infrastructure, and growing support for business relocation, Summit County is well positioned to benefit from this historic investment. Entrepreneurs looking to scale in a region that offers both opportunity and lifestyle should keep a close eye on the ripple effects of this transformative fund.

Whether you're launching a new startup or relocating an established venture, the Wexner Growth Fund opens the door to growth, funding, and long-term success in Summit County and beyond.