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
Famous quotes containing the word venture:
“I throw myself on your discretion and shew my confidence in it when I thus venture to write in a private character what seems to contradict my public duty.”
—Thomas Jefferson (1743–1826)