Malden Awarded $100K+ For Start-Up Incubator
January 13, 2020 : Patch.com, by Alex Newman
The state announced $1.9 million in grants for collaborative workspaces last week.
MALDEN, MA — The Baker-Polito administration last week announced nearly $1.9 million in grants for collaborative workspaces, including over $100,000 for a local shared kitchen incubator space. Stock Pot Malden, home to about 25 start-up food companies, received $108,000, according to the state.
The space will use the grant to outfit a second shared kitchen where more advanced companies can operate.
"Massachusetts's economy thrives when local entrepreneurs, creators, and small business owners have the space and resources they need to be successful," Gov. Charlie Baker said in a statement. "The Collaborative Workspace Program represents an important tool for our Administration to foster innovation and drive job growth in the Commonwealth."
This is the fourth round of the Collaborative Workspace Program, administered by MassDevelopment, which aims to build physical infrastructure to support new entrepreneurial ventures while spurring innovation and job creation at the local level.
Through its first three rounds of grants, the Collaborative Workspace Program provided over $5 million in 81 awards for the planning, development and build-out of different types of collaborative workspaces. Workspaces have added 3,771 users since implementing their grant-funded projects and occupy approximately 575,000 square feet in cities and towns across Massachusetts.
MassDevelopment's continued partnership with the Barr Foundation broadens the reach of the Collaborative Workspace Program to include the creative sector, a source of innovation and positive community change, officials said in a press release.