The Scranton Lackawanna Industrial Building Company (SLIBCO) cut the ribbon earlier this month at the state's newest technology incubator, the $8.3 million TekRidge Center, located at the Jessup Small Business Center.
The new facility will house technology-related companies and provide incubator space to startup and expanding small business ventures in northeastern Pennsylvania.
Bedrock Technology, an IT consulting firm, is the first signed tenant and SLIBCO is in negotiations with a biotech company, says Kathryn McDermott of the Greater Scranton Chamber of Commerce. Altogether, the 45,000-square-foot building can house 11 startups in its incubator space and up to eight anchor tenants.
“TekRidge Center is a testament to our commitment to investing in projects that support and foster entrepreneurism,” said SLIBCO vice president Andy Skrip in a statement.
Besides locating to the brand-new, glass-and-steel building, designed by Hemmler & Camayd of Scranton, tenants are eligible for Keystone Opportunity Expansion Zone (KOEZ) and Keystone Innovation Zone (KIZ) tax benefits through 2020, McDermott says.
Source: Kathryn McDermott, Greater Scranton Chamber of Commerce
Writer: Elise Vider