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IDEAHUB Success Draws National Interest

Port Hope

Port Hope’s IDEAHUB welcomed 30 members of the South Lake business community on Friday, September 28 for tour and presentation at the highly successful business incubator.

The South Lake Community Futures Development Corporation (CFDC) brought 30 regional representatives from the towns of East Gwillimbury and Georgina and the Township of Brock, for a tour of the Peter Street facility. CFDC staff and board members, municipal economic development staff, and prominent business owners attended a presentation on the development, implementation, and operation of IDEAHUB.

Deputy Mayor Jeff Gilmer is Chair of Economic Development & Tourism and sits on the business incubator’s Board of Management, “IDEAHUB continues to attract national attention with interest from communities across Ontario and as far as Quebec, Saskatchewan and Alberta. Communities are looking for innovative approaches to strengthen their local economies and our innovative model is an excellent example of how strong partnerships can support new business ventures and encourage growth into the community.”

IDEAHUB is based on unique collaboration of private and public partners led by the Municipality, providing full business support for new and emerging entrepreneurial companies. Member companies receive flexible office space, lower start-up costs, support tools, resources and guidance to strengthen their business success and graduation into the community.

Director of Economic Development and Tourism, Judy Selvig stated, “The strength behind IDEAHUB is community partnerships. The Municipality continues to work closely with local agencies and education institutions on the development, support, and promotion of the space. This local support is a great opportunity for new business startups setting the stage for long term positive impact on our business community.”

Though the focus is on attracting “green” and energy-related industries and their support services, all business proposals are considered and a diverse blend of start-up companies currently occupy the space. There are currently 14 businesses in residence and several more in line for approval by the Board. With only 5 offices remaining, the Board continues to develop community partnerships and has a sustainability plan in place to develop additional space at the Peter Street facility to meet future needs. For more information visit www.myideahub.ca

IDEAHUB

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For more information contact:

Judy Selvig

Director, Economic Development & Tourism

905.885.2431

jselvig@porthope.ca

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    Port Hope
    Port Hope

    The Municipality of Port Hope
    "Open for Business"
    Port Hope, an enviable lifestyle community that encourages and fosters creative industry is centrally located one hour east of Toronto on the Montreal to Windsor 401 corridor with daily VIA rail service.