Entrepreneurial Venture
Using his position, Jordan arranged financing for the venture and chose Cleveland (where his father had lived as a child) as the manufacturing center for the car; outside of Detroit, Michigan, Cleveland had the greatest concentration of automakers and suppliers in the nation at the time. Cleveland’s position as a shipping and steel center as well as a finance center also weighed heavily in his decision. Jordan also selected a spacious home in East Cleveland, Ohio on Grandview Terrace to which he could retreat when the pressures of running the company became too great.
Read more about this topic: Edward S. Jordan
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