EC launches $4M capital campaign

Execs, officials break ground on new Trolley Barns home

Backers of the Entrepreneur Center today held a ceremonial groundbreaking to mark work on their future home at Rolling Mill Hill’s Trolley Barns complex and said they have launched a campaign to raise $4 million to sustain and expand their work.

About 200 people gathered mid-day Thursday to mark the groundbreaking, which culminated two years of work through federal, state and local agencies and organizations. The EC has since 2010 been based at 105 Broadway, where it can house 14 accelerator-stage companies. At 20,000 square feet, its Trolley Barns space, which is expected to open in May, will be almost triple the size of its current home and be able to incubate 72 companies.

To help fund the larger organization, EC officials are looking for $4 million as part of their new “Turning Ideas Into Reality” capital campaign. They say the money “will provide for the resources, staffing and operational support” to run the new facility and programs taking place there.

For more on today’s groundbreaking and background on the EC, click here.