WASHINGTON— November 3, 2016— U.S. Assistant Secretary of Commerce for Economic Development Jay Williams today announced $14.4 million in investments to boost economic activity in the nation’s high-poverty urban, rural, and tribal communities. Among the Georgia recipients for the investment is The Herman J. Russell Center for Innovation and Entrepreneurship (RCIE), which will receive more than $2.9 million to fund the design and renovation of an existing building for development of the RCIE.
The new facility, which will be constructed to Leadership in Energy and Environmental Design (LEED) standards, will provide space for more than 100 emerging entrepreneurial companies to support long-term disaster recovery efforts by adding economic resiliency to the city of Atlanta through increased economic diversification. In addition, the project will be a model of public/private partnership to create economic opportunity and inclusive innovation and catalyze transformation of the Atlanta Westside, a designated Promise Zone area.
The RCIE is a collaborative, co-working ecosystem that connects a customized curriculum, corporate experience and venture capital assets with Atlanta’s top talent from communities of color and other underrepresented communities. RCIE is strategically located near and partnered with several HBCUs.
Learn more about the The Herman J. Russell Center for Innovation and Entrepreneurship at: https://rcie.co/