Q: This week Rochester Institute of Technology announced it will open a Center for Urban Entrepreneurship at the site of the former Rochester Savings Bank. What will this new center include?
A: RIT's downtown center will include space for RIT faculty, staff and students visiting and working downtown, space for academic courses, seminars and workshops and an urban entrepreneurship center intended to spur economic activity in the city.
Q: What will it mean for RIT to expand in this way?
A: RIT's efforts to encourage innovation and entrepreneurship have grown to the point where we need an additional facility to manage all of our business developments. Also, since we have many of our students visiting the city each week, a downtown center can be a convenient drop-off location for our transit buses.
Q: How important is it for RIT to return to a downtown presence?
A: RIT grew out of Rochester's need for trained personnel for the city's growing industries. At a time when our community is working to revitalize downtown Rochester and spur economic development in the city, it seems appropriate for RIT to once again support a downtown RIT center.
Q: What effect do you expect this new center will have on the region and its economy?
A: We are hoping that RIT's new downtown center will spur economic growth, encourage innovation and entrepreneurship in the city and result in new businesses that will take root in the city limits.
10/26/12 (c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email firstname.lastname@example.org.