Formerly known as the Black Hills Business Development Center, Ascent Innovation will be expanding its facilities to include a new downtown location, reports the Rapid City Journal. The center is current housed on the South Dakota School of Mines and Technology campus, but that site has reached capacity.
Ascent Innovation’s new campus will act as an innovation center for local entrepreneurs, small businesses, and start-ups. The current location is home to 23 companies and has been providing space and support for tech-related business growth for Rapid City since 2006. Executive Director Terri Haverly said there is currently a waiting list of businesses that need space, and this new campus hopes to provide that.
The new site, located at 108 E. Main Street, will ideally include a 40,000 square foot building and parking space. The lot is currently under demolition, which began in July, and should be completed within a month. Development of a schematic for the new building is underway and should be ready in three to five months. Haverly hopes that construction will begin in the spring of 2019.
A new downtown location offers many of the same support services as the current location, as well as a makers’ space and more coworking space. Haverly hopes this move will better connect the university to downtown and encourage people to collaborate and raise community awareness of business development in Rapid City.
Read more about economic development in the Black Hills at the Black Hills Knowledge Network news archive.