Innovation districts are emerging in the downtowns and midtowns
of cities like Atlanta, Cambridge, Indianapolis, Philadelphia, Phoenix, Pittsburgh, and St. Louis, where advanced research universities, medical complexes, and clusters of tech and creative firms are sparking business expansion as well as residential and commercial growth.
Now, add Providence to the mix.
With this week's groundbreaking on the former Route 195 land, business, academic and government leaders are partnering with Wexford Science and Technology to create a grand Innovation Center that will be at forefront of discovery.
Wexford CEO Jim Berens emphasized that the $88 million facility will draw the best minds in research, design and commercialization. "We are excited that our work in Providence will become more visible as we begin vertical construction of the first Innovation Building, anchored by Brown University, the Cambridge Innovation Center and Johnson and Johnson. This represents another step forward in the development of a dynamic Knowledge Community that brings together intellectual capital, innovation and infrastructure to create a center of gravity and congregation that can give a sense of place to the growing innovation and entrepreneurial activities taking place in Providence and across Rhode Island."
In addition to the 66,000 square feet in the Innovation Complex, CIC also is planning to locate an 8,000-square-foot Innovation Hall and Venture Cafe-dedicated civic spaces that are modeled after CIC's highly successful District Hall in the Seaport District of Boston, where the innovation community can gather and exchange ideas.
The Greater Providence Chamber of Commerce has been working for many years to champion an environment in Rhode Island that leverages our amazing assets, including our comprehensive talent base, our world class universities, colleges and hospitals and our innovative businesses. We are confident that progress is accelerating at a rapid pace now.
"Wexford's project has the potential to advance our state's economy in significant ways -- fostering innovation, spurring growth, and building opportunity for all Rhode Islanders," said Rhode Island Commerce Secretary Stefan Pryor. "This project will become the catalytic centerpiece of our revitalized I-195 Innovation & Design District. It represents the culmination of the very hard work of many including our visionary Governor, Gina Raimondo; leaders at the I-195 Commission and the Rhode Island Commerce Corporation; the teams at Wexford Science & Technology, Ventas, CIC, Brown University, and Johnson & Johnson; and state, city, and federal elected leaders. I congratulate these partners on reaching this critical milestone."
Keep the announcements coming!