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Manufacturing Incubators (view source)
Revision as of 10:21, 30 October 2017
, 10:21, 30 October 2017no edit summary
Fulton-Carroll Center Incubator in Chicago
Created in 1980 (one of the first and largest in nation).
$2.6 million in federal grants.
Size of a city clock.
Challenge: "retaining its sense of community while nudging companies out of its nest." The center wants companies to grow and graduate in just a few years, which prevent development of long and meaningful relationship.
During an average month, 2-4 tenants move in or out.
Total of 138 businesses employing 550 people.
The center has became more selective because higher demand.
Charges $8-$11 per square foot rent (less than price for comparable space in its neighborhood.)
