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Money sought to operate startup-company site in Anderson

December 17, 2015

Officials heading up a new Purdue University technology education center in Anderson say local government money is needed to operate a section of the facility that's designated for startup companies.

Anderson Innovation Center President Pete Bitar said no money has been designated for operating the 50,000-square-foot section of the planned Purdue Polytechnic Institute.

Biter said more than $500,000 is needed to pay for marketing, management and maintenance during 2016. Plans are to raise about half that money through space leases and membership in 2017, with the innovation center becoming self-sufficient by 2018, The Herald Bulletin reported.

Purdue has committed to leasing 44,000 square feet of the 94,000-square-foot center for 15 years.

Bitar said obtaining the $15 million to construct the facility has dominated the effort during the past year.

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