Miami University of Ohio is moving forward with plans to transform a dilapidated three-story building in uptown Oxford into an entrepreneurial center that has the potential to reinvigorate the city’s business corridor.
The institution has issued a request for qualifications seeking a design-build firm to lead its College@Elm incubator project. Valued at $10.8 million, the project aims to breathe new life into the vacant building, turning it into a 39,000-square foot hub for innovation, workforce development, manufacturing and start-ups.
According to this article, College@Elm will anchor a budding three-block innovation corridor in Oxford that now includes a community arts center and green space. It should attract students, spur at least three new start-ups each year, and create 74 high-tech jobs generating about $4 million in annual payroll.