The hub, expected to open in late 2020, will occupy 95,000 square feet in the Arcade with academic programs from the University of Dayton; business, venture creation and commercialization support services from The Entrepreneurs Center; and working space for small businesses and start-ups with open desks to private offices to larger tenant spaces, along with meeting rooms, conference areas, high-speed internet and other amenities, the center and the university said in a joint announcement Friday morning.
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The partnership will “expand programming at The Hub to immerse students in the business community and help entrepreneurs from across the greater Dayton community bring their ideas to life,” the release said.
One idea behind the move is to encourage students to remain in the Dayton area on graduation, the center and UD said in a joint release.
“The Hub Powered by PNC Bank will bring together students, faculty and staff, regional entrepreneurs, local business leaders and global experts to form collaborative ideas and groundbreaking solutions to benefit the Dayton area,” David Melin, PNC regional president for Dayton, said in the joint announcement. “PNC is excited to assist the University of Dayton and The Entrepreneurs Center as they work to strengthen the region’s future.”
The Hub at the Dayton Arcade was unveiled last year as the new brand for the joint venture between the University of Dayton and The Entrepreneurs Center.
PNC has not been been the only recent Arcade announcement.
All second- and third-floor office spaces that ring the historic Dayton Arcade's rotunda have been leased — including a portion to Sinclair Community College, the Dayton Daily News recently reported.
Sinclair will open the new 2,500-square-feet Sinclair Entrepreneur Center in The Hub at the Dayton Arcade to help teach aspiring and existing entrepreneurs, Sinclair officials said.
Joining the University of Dayton and The Entrepreneurs Center at the Hub will expose Sinclair students to entrepreneurial opportunities and support services to enhance Sinclair’s academic programs, said Steve Johnson, president of Sinclair Community College.
Baltimore-based Cross Street Partners, Model Group, and McCormack Baron Salazar are redeveloping the historic Dayton Arcade, a collection of nine buildings totaling over 500,000 square feet.
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