OFRN R7 Solicitation: If the prime is an industry partner, do they have to have an Ohio location?

The solicitation Section 2.5 Eligibility Information first paragraph states:  “A Primary Applicant is the entity that submits a proposal for OFRN Round 7. Primary Applicants are legally and financially responsible for the administration of any resulting award of OFRN funds. Proposed projects may be led by either an industry in Ohio (either for-profit or not-for-profit) or an Ohio college or university. Regardless of the leading organization, project teams must include:…”

Regarding a prime industry lead that does not currently have a location in Ohio, if the organization can meet the language of the solicitation by 1 July 2025, then the company as the prime would meet the requirement.