Civic News
Incubators / Municipal government

Emerging Technology Center ‘created’ 1,100 jobs in 2 years [report]

It's more from a city-commissioned survey on the economic impact of the incubator program that receives city funding and has become one of the anchors of entrepreneurship in the region.

Emerging Technology Center Executive Director Deborah Tillet giving a tour of her city-backed incubator with Governor Martin O'Malley, including entrepreneurs based there.

Diving into a recent city-commissioned economic impact study on the Emerging Technology Centers, the city-backed incubator can say it is responsible for more than 1,100 jobs created in a two-year period, including indirect impact for organizations that service the companies they have housed. Baltimore obtained a copy of the report, written by Shannon Lee and investigated by David France of the Jacob-France Institute at the University of Baltimore. The city commissioned the report from the institute.
On Wednesday, city officials announced the report’s findings, as Baltimore reported. The incubator and the 48 of its 75 graduates remaining in Baltimore employ 311 and have generated $108.5 million. The report covers current tenants and recent graduates from May 2012 to March 2014.
The ETC has new offices in Highlandtown and an existing 33rd Street location near the Hopkins Eastern Campus.
Read the report on the University of Baltimore’s website.

Companies: University of Baltimore / City of Baltimore
Projects: Emerging Technology Center

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