From Ohio History Central
In 1748, several wealthy Virginians, including family members of George Washington, established the Ohio Company. The investors hoped to secure lands west of the Appalachian Mountains from the British government. They would purchase the property from the king and then sell the land to settlers moving westward for a higher price than what the investors had originally paid.
The British government granted the Ohio Company 200,000 acres of land near the headwaters of the Ohio River in what is now western Pennsylvania. In return, the king expected the company to distribute the property among one hundred families. The Ohio Company also was to construct a fort to guarantee the colonists' safety.
[[Category:Exploration To Statehood]]