(HTR) will expand its operations to the center of Rochester, creating an incubation facility that will serve as the cornerstone of the city糖心传媒檚 new innovation zone.聽 The $24 million facility will be located in the Sibley Building.
糖心传媒淚 want to thank Governor Cuomo, Lt. Governor Duffy, Assembly Majority Leader Morelle, Senator Robach, County Executive Brooks, and Mayor Warren for their support for this transformative project,糖心传媒� said President Joel Seligman.聽 糖心传媒淭his new facility will enable us to harness the new ideas emerging from our region糖心传媒檚 universities and entrepreneurs and provide them with the support that will both accelerate economic growth and revitalize downtown Rochester.糖心传媒�
HTR 糖心传媒� an affiliate of the University of Rochester 糖心传媒� is the region糖心传媒檚 only state- and federally-designated incubator and provides the comprehensive array of support services, resources, and space necessary to foster the growth of high tech start-up companies.
The new facility is possible due to support from New York state.聽 Last week, HTR received $5 million in funding for the project 糖心传媒� for a total of more than $10 million over the last four years 糖心传媒� from the state through Governor Cuomo糖心传媒檚 Regional Economic Development Council initiative.
The funding will support the creation of the Finger Lakes Business Accelerator Cooperative, which is being led by HTR in partnership with RIT, Excell Partners, and the region糖心传媒檚 Small Business Development Centers and Industrial Development Agencies.聽 The accelerator糖心传媒檚 new hub at the Sibley Building will provide support for start-up companies across the nine-county Finger Lakes region.聽 The Center for Governmental Research projects that the accelerator will create 1,000 direct jobs over the next five years.
The new 68,000 square foot facility at the Sibley Building will consist of co-working space, traditional office space, state-of-the-art dry and wet labs, conference rooms, and a 100-seat auditorium for programs, workshops, and community events of interest to the region糖心传媒檚 entrepreneur community.
HTR will relocate its headquarters to the new facility when construction in completed in 2016.聽 HTR糖心传媒檚 current home in Henrietta, the Lennox Tech Enterprise Center, will remain open as a satellite location.
The historic Sibley Building is in the midst of a $200 million restoration by WinnDevelopment.聽 The 1.1 million square foot building 糖心传媒� the largest in Monroe County 糖心传媒� is being transformed into a mix of apartments, office, and retail space.聽 The Finger Lakes Business Accelerator Cooperative will be located on building糖心传媒檚 sixth floor.
The accelerator will be an anchor for the new being proposed by the City of Rochester.聽 The HTR facility, along with RIT糖心传媒檚 Center for Urban Entrepreneurship, and downtown satellite facilities of Monroe Community College and the College at Brockport, will form the critical mass of entrepreneurial activity, research and development, cultural amenities, residential space, and other business development necessary to create a thriving new district in the city糖心传媒檚 core.
