Tech Belt Energy Innovation Center
(TBEIC) has announced a $3.1 million plan to renovate the Kresge Building in Downtown Warren for their headquarters. The building will serve as a mixed-use facility for early stage companies in the field of energy technologies.
Launched in 2009, TBEIC has secured funding from the United States Department of Energy, the State of Ohio Board of Regents, and local corporate and private groups in the City of Warren and surrounding Trumbull County. Their mission to attract and cultivate talent nationwide is finally coming to fruition.
“[TBEIC] is working to increase high-impact technology businesses and career opportunities in the Mahoning Valley by establishing a shared resource center and technology business incubator focused in the energy and natural resource industries,” explains Dave Nestic, Chief Executive of Regional Operations, adding the group’s hope to be a national draw. “The shared resource center will be available to entrepreneurs and existing industry participants from all over the country seeking access to TBEIC’s specialized equipment and infrastructure.” The idea stems from the belief that increased interaction among entrepreneurs increases the likelihood of success.
Nestic says the decision to locate in Downtown Warren was a strategic move to allow their startups to be surrounded by the amenities of a city – restaurants, parks and summer events. “This makes for a good, creative working environment for engineers and technologists,” he says, adding, “Warren is located in a region central to five Northeast Ohio research universities and two Pittsburgh universities, all within about an hour drive or less.”
When complete, the 39,000 square foot building will house a business incubator/accelerator and a technology center focused on grid-connected technologies.
Nestic sums it ups, saying, “TBEIC will be a powerful business attraction tool for the Mahoning Valley for startups and industry participants playing in the energy and natural resources space.”
Source: Dave Nestic
Writer: Joe Baur