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Planned Niagara Falls business incubator receives NCIDA grant

Plans to open a co-working center and a business incubator in downtown Niagara Falls received a boost Wednesday.

The Niagara County Industrial Development Agency approved a $176,000 Tourism Target Zone grant toward the installation of the Tourism Research Entrepreneurship Center in a historic building at Seventh and Niagara streets, currently undergoing a $5 million redevelopment by TM Montante Development.

One of the tenants will be the new center, to be located in conjunction with the new headquarters of the Niagara Global Tourism Institute. The center will cost $883,000 and is targeted for a February opening, institute director Patrick J. Whalen said Thursday.

He said Niagara Falls has little co-working space for business travelers. Whalen hopes hotels will buy memberships so their guests can work in the new space.

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