How Opportunity Zones and Co-working Spaces Joined Forces

“The project’s co-working component — available month to month to companies with up to 15 employees — is a key part of an attempt to draw the surrounding community into what its backers say will be an innovation hub in the city.”

The New York Times recently highlighted Electric Works as a national example of how opportunity zones and co-working spaces can combine to bring better access to start-ups and investors for under-served communities.

Community Foundation of Greater Fort Wayne unveils new fund for Electric Works

The Community Foundation of Greater Fort Wayne is launching the Electric Works Innovation and Neighborhood Renewal Fund, which will makes it easy for the public to directly support and foster charitable activities associated with the transformation of the former General Electric campus into a mixed-use innovation district.

 

Source: Inside Indiana Business

Journal Gazette: Electric Works Creating Optimism

Journal Gazette reporter Sherry Slater highlights the extraordinary possibilities of the Electric Works Innovation District, the random “collision” of students, academics, technologists and business professionals in a space where ideas become reality.

“Where innovation happens is sort of at the edges of these disciplines,” said Tony Armstrong, president and CEO of the Indiana University Research and Technology Corp., adding that scientists working with information technology experts would be an example.

“It’s those collisions when people bump into each other at coffee or over lunch,” he said. “It really becomes this hub of activity.”

Read more here.

 

FWCS Recommits to Electric Works

Fort Wayne Community Schools reaffirmed its commitment to Electric Works on Monday with a unanimous board vote endorsing an intent to lease about 26,000 square feet of renovated classroom space.

Terms of the lease will be negotiated and brought to the board for approval by August.

“It’s important for us because we’re the K-12 aspect” of the Electric Works project, said Superintendent Wendy Robinson. “Most of the conversations are around businesses and higher ed. We’re actively involved in those conversations, too.”

Read more here.

Joseph Decuis to open restaurant at Electric Works

Joseph Decuis today announced plans to locate a more casual version of its fine-dining restaurant at Electric Works. While the restaurant’s official name and identity are still being developed, it will carry the Joseph Decuis brand and feature an extensive wine list and creative, unique menu built around the restaurant’s renowned Wagyu beef.

Read more here.

Electric Works and Fort Wayne featured on The Atlantic

Authors Jim and Deborah Fallows toured Electric Works recently as part of a broader northern Indiana tour he was conducting on a series of stories for The Atlantic magazine. They’re writing about how towns and cities in the industrial Midwest are reinventing themselves.

One of Fallows’ takeaways from the visit was breadth and depth of civic-engagement. “The funding of this project is an epitome of ‘public-private partnership’—a phrase that…is seen in Washington as a euphemism for ‘payoffs’ or ‘log-rolling,’ but at the local level appears to be a key ingredient in getting things done.”

https://www.theatlantic.com/notes/2019/04/fort-wayne-makes-its-own-luck/587659/

 

Bloomberg highlights Electric Works

The $440 million development called Electric Works is intended to breathe life into a hulking abandoned property that was at the heart of Fort Wayne’s bygone manufacturing era.

“The emotional weight that the industrial complex has on this community can’t be overstated,” said Josh Parker, partner at RTM Ventures, the company behind the project. “It’s not just what we’re doing on our site, but what that brings to the larger area.”

Source: Bloomberg

Electric Works presence would seal Purdue, city connection

“Purdue, with nearly a century of experience in using academic research to develop private-sector solutions, is well positioned to become a partner in the innovation space at Electric Works.

In addition to West Lafayette’s Purdue Research Park, the university has business incubators in Merrillville, Indianapolis and New Albany. Why not Fort Wayne?”

Source: Fort Wayne Journal Gazette

IURTC plans to establish presence in Fort Wayne’s Electric Works innovation district

The Indiana University Research and Technology Corp. has announced plans to establish a presence in Electric Works, northeast Indiana’s innovation district on the former General Electric campus in downtown Fort Wayne.

SOURCE: Indiana University

Recruiting firm joining Electric Works campus

Spherion Staffing, a locally owned office of the national staffing firm, is celebrating its 10th anniversary by making a commitment to be a part of the Electric Works campus, making it one of a dozen businesses and organizations to join the project.with the agreement. It plans to relocate to a larger space at Electric Works from its current E. State Blvd location.

 

Source: WANE-TV