Short-term thinking and increasing risk aversion have stifled the tech center's spirit. But innovators still lurk there, if you look for them

JumpStart Inc., the Northeast Ohio venture development organization that accelerates the growth of innovative early-stage businesses and ideas, recently announced an investment commitment of $400,000 in Wireless Environment, LLC, an Elyria, OH company developing and patenting technologies for use in a wide range of lighting products that use light emitting diodes .

SAN JUAN, Puerto Rico----First BanCorp announced today that it has received preliminary approval from the U.S. Department of the Treasury to participate in its Capital Purchase Program .

NEW YORK----CIT Group Inc. , a leading commercial finance company, today announced that it has received preliminary approval from the U.S. Department of the Treasury to participate in its Capital Purchase Program, part of the Troubled Assets Relief Program established under the Emergency Economic Stabilization Act of 2008.

TUCSON, Ariz.----Applied Energetics, Inc., , the Guided Energy™ Company, today announced that as of December 23, 2008, it has received the full $7.4 million in cash resulting from the par-value sales of its AAA-rated Student Loan Auction-Rate Securities .