bridgeworks enterprise center - allentown economic development corporation
DESCRIPTION
An informational presentation about the Bridgeworks Enterprise Center in Allentown, PA. This project of the Allentown Economic Development Corporation houses a small business incubator focused on manufacturing. Small business loans and incentives are available to entrepreneurs and start ups.TRANSCRIPT
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Bridgeworks Enterprise Center Business Incubator
Matthew TuerkAllentown Economic Development Corporation
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Allentown Economic Development Corporation• For over 30 years, AEDC has facilitated
economic development in Allentown
•AEDC provides economic development services, including small business financing and site location assistance
•Our mission is to identify, encourage, manage, and develop business opportunities for the benefit of Allentown, its citizens, and the Lehigh Valley
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Mack Plant 4A in 1925
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Bridgeworks Enterprise Center 2010
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Turning a Mack Plant into a Business Incubator
• In 1988, AEDC acquired Mack Plant 4A and transformed it into the Bridgeworks Enterprise Center, home to the Bridgeworks Business Incubator
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How do we incubate businesses at the Bridgeworks?
• Technical assistance
• Entrepreneurial education through partners
• Start-up capital
• Shared services
• Subsidized real estate
• Facilitate entrepreneurial interaction
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Types of Bridgeworks space
• Collaborative Workspace
• Open floorplan with wireless internet, workstations and private meeting rooms
•Home Office Alternative
• +/- 200 square foot suites with a shared conference room
•Manufacturing Suites
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What is the manufacturing space like?
• Suites range from 1,200 to 6,500 square feet with 15’ ceiling clearance and wood or concrete floors
• Clients have 24-hour access to their unit and ample parking
• Shared conference room
• 2 shared loading docks are available for spaces without dock doors
• Spaces feature amazing natural light
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Who has been through the program?
•Graduates include VistaCom, Applied Separations, AERC, and Solar Tech
•Current clients include Luminaire Testing Lab, ColdEdge, and MTS Ventures
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What kind of clients are we looking for today?
• In 2010, we are focused on our mission of providing incubation services to small manufacturers. We are particularly interested in companies that fabricate products that are employed by the clean/green technology industries
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Why small manufacturing?• Allentown is a great
place to make things
• Allentown’s industrial buildings were built for small manufacturing
•Nearby workforce
•Good access to commercial transportation
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Upcoming Events
•May 20
• AEDC/LVEDC Hackerspace & Shared Fabrication Shop Panel Discussion
• ULI/AEDC Urban Industrial Event