BARNSTABLE –The state awarded over $950,000 in grant funding to 23 organizations across Massachusetts, including one on the Cape, to strengthen community-based innovation and entrepreneurship.
The awards, managed by MassDevelopment, will build physical infrastructure to supports the growth of new entrepreneurial ventures, while spurring innovation and job-creation at the local level.
The Barnstable Innovation Center received $25,000 to explore the feasibility of redeveloping the former Cape Cod Times building into a new co-working facility that would serve companies working in the blue economy.
The grant round will fund the development and expansion of 10 shared workspaces, including innovation centers, incubators, artist spaces, collaborative kitchens, and co-work spaces.
Grant funds will also support planning efforts in communities, to build the capacity of 13 additional collaborative workspaces.
“Entrepreneurship is the engine that drives small business forward,” said Governor Charlie Baker. “By giving entrepreneurs across Massachusetts the tools and support systems they need to grow their own businesses, these grants will advance job creation and new businesses in communities, while building stronger regional economies.”