Cambridge Innovation Center has signed onto 127,000 square feet at UCity Square in Philadelphia.
Known as CIC, the Boston-based company will occupy space at 3675 Market St. in University City. It operates in a similar fashion as a co-working space and incubator, providing flexible space to entrepreneurial startups and other companies. Since its founding in 1999, companies that have been housed in CIC space have raised more than $2.5 billion and added an estimated 40,000 jobs to the economy, according to the company's website.
As part of the arrangement with CIC, the University City Science Center will relocate and expand its headquarters into 50,000 square feet at 3675 Market. The Science Center will also triple the size of Quorum, a so-called “entrepreneur’s clubhouse” within the Science Center that provides meetings, events, and programming for UCity Square as well as build a larger FirstHand Lab that will expand its STEAM education classes.
The Science Center has received $2.5 million from the state’s Redevelopment Assistance Capital Program to help finance the Science Center’s administrative offices, programs and facilities, including the expanded Quorum space.
To read the full article, click here.
For more business news, Philadelphia Business Journal.
