INSPYRE Innovation Hub Opens in Downtown Syracuse
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CenterState CEO with its public and private sector partners celebrated the opening of CenterState's INSPYRE Innovation Hub in downtown Syracuse. The 90,000-square-foot facility is the largest business incubator in New York and one of the largest in the country. The project included a two-story addition, renovations to the facility’s existing space, updates to the on-site mechanical and security systems, a new 5,000-square-foot roof terrace accessible to clients, a 3,000-square-foot meeting room, private tenant offices for 35 additional resident startups, coworking areas, an expanded hardware space for prototype and product development, and a new entrance.
Officials delivered remarks and held a ribbon cutting ceremony to mark the occasion.
“Central New York’s entrepreneurs deserve a facility that enables them to realize their dreams. The INSPYRE Innovation Hub provides expanded resources, programming and amenities to do so," said Ben Sio, acting president and CEO of CenterState CEO. "This space builds on CenterState CEO’s years of successful entrepreneurial programming and makes it more accessible to the entire community. Working alongside other organizations in the region’s entrepreneurial ecosystem, INSPYRE Innovation Hub will support innovators of all backgrounds and stages of business as they shape the future of the region. We thank Governor Hochul for her support of the INSPYRE Innovation Hub and commitment to the growth of Central New York.”
Empire State Development provided $16.6 million for the project through the region’s CNY Rising Upstate Revitalization Initiative. The total project cost around $32 million. In addition to public sector support, INSPYRE Innovation Hub has received investment and private sector support from the Central New York business community, including M&T Bank, National Grid and many others. See a full list of sponsors.
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