A temporary site for the Fredonia State College High Tech Incubator was opened here Thursday at 314 Central Ave. The incubator is the first of its kind in Chautauqua County.
The site for the eventual permanent building is located on Central Avenue between Second and Third streets.
The temporary space of 25,000 square feet will house about five start-up companies. The permanent space will be home to up to 15 fledgling companies and support staff.
One tenant has already started in the new space. College President Dennis L. Hefner welcomed John Brennan, chief executive officer of adXit, the new tenant.
JCJ Architects of Hartford, Conn., has been hired to design the permanent building. Wendel Duchscherer of Amherst is the consulting engineer.
The facility is the brainchild of Fredonia State and its Center for Rural Regional Development and Governance.
"By offering the resources of the university as a key component, we believe this technology incubator will be world-class," Hefner said. "It will be a major force in economic development in the region."
The college hired Jeffrey Corcoran as director of the incubator in April. A business consultant, Corcoran is the former executive director of the Schenectady County Community Business Center.
New York State pledged $4.7 million in bonded funds to pay for the incubator. An additional $605,000 to support programming came in grants from the New York State Foundation for Science, Technology and Innovation.
Meanwhile, Chautauqua County sources have stepped forward with local funding: the City of Dunkirk, the county Industrial Development Agency and the Northern Chautauqua County Community Foundation. ChautauquaWorks has been contracted by NYSTAR to be a partner in entrepreneurial training.
State Sen. Catharine M. Young and Assemblymen William L. Parment and Joe Giglio spoke during the opening ceremonies. Other speakers were Chautauqua County Executive Gregory J. Edwards and Dunkirk Mayor Richard L. Frey.
An online marketing, learning, and Web-integration firm, adXit uses innovative tools to leverage information technology that will benefit its clients in the marketplace.