As of Feb. 1 Santa Fe has control of the city-owned Gainesville Technology Enterprise Center Business incubator. Santa Fe has helped 110 start up companies over the passed five years, and the agreement with the city will pay them $150,000 over the next five years.
Published: Thursday, January 23, 2014 at 1:51 p.m.
Last Modified: Thursday, January 23, 2014 at 1:51 p.m.
Santa Fe College's district board of trustees on Tuesday approved an agreement for Santa Fe to manage the city-owned Gainesville Technology Enterprise Center business incubator starting Feb. 1, following approval last month by the Gainesville City Commission.
Santa Fe has helped 110 startup companies through its 2,500-square-foot Center for Innovation and Economic Development that opened at its downtown Blount Center five years ago. GTEC gives the college 30,000 square feet of space to expand service to startup companies with an emphasis on technology and light manufacturing, according to a news release.
GTEC opened at 2153 Hawthorne Road in eastern Gainesville in 2003 and was managed by the Gainesville Area Chamber of Commerce until the Chamber ended that agreement in 2011. The Gainesville Community Redevelopment Agency took over operations in the interim. The CRA is planning to develop surrounding parcels owned by the city for office and retail.
The city will pay Santa Fe $150,000 over five years through the agreement.
Through a partnership with Florida Tech Toybox Inc., Santa Fe says it plans to add a prototyping lab for entrepreneurs to test ideas.
GTEC will be renamed the Gainesville Technology Entrepreneurship Center.
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