The Coachella Valley iHub will soon be able to offer incubator graduate companies low-cost manufacturing space and engineering development space in a 10,000-square-foot “accelerator campus” on land owned by the Palm Springs International Airport. The campus has the capacity to expand to 50,000 square feet as demand increases. The Coachella Valley iHub lead by Joe Wallace has been filled to capacity in less than a year since commencing operations. Three of the iHub businesses we selected as members of the 100 Worlds Best Technology companies and will be making presentations before over 100 members of the venture capital community in San Diego next week
The Palm Springs City Council on Wednesday approved leasing the site to the green business incubator and is picking up the first year’s rent as well as providing funding for building improvements, according to a staff report that was on the council’s consent agenda.
“We’re the first iHub in the state to have an accelerator campus,†said Thomas Flavin, CEO of the Coachella Valley Economic Partnership, announcing the campus at today’s Renwable Energy Roundtable. “It gives us a huge competitive advantage to attract new renewable energy businesses.â€
CVEP oversees the incubator, which is a state-designated innovation hub sponsored by Palm Springs, Cathedral City and Desert Hot Springs. Open for about a year, it is working with 13 businesses, ranging from a company that converts regular cars to electric vehicles to one developing a new renewable energy storage technology.
Located in three buildings at 2901 E. Alejo Drive, the campus will provide low-cost manufacturing or other business space for incubator businesses that are ready to expand beyond the bare-bones offices the iHub offers at CVEP’s Rabobank Regional Business Center in Palm Springs.
Joe Wallace, general manager of the iHub, said he would like to have the accelerator open by early next year, and he has at least two businesses ready to expand.
Sadly, it was another mistake of this community to let you go from GAGE. It would be nice to have your expertise back working for Evansville. Congratulations on the success.
I hear you shall be coming to Evansville to M C the annual CCO awards lunch at Aztar.
I’ll be there and can’t wait to see you.
Glad things are going extremely well in Calf.
Nothing like this is going to happen here, the Political Zombies like tight control, and with their “Stepford” mentality , they intend to keep it under control, and are now seeking to expand their power thru “VandyGrab”. Giving the Devil his due, all in all, their “Business” plan has proven over the years to be very lucrative.
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