Sadie Keljikian, Express Trade Capital
Chicago may soon have a domestic manufacturing sector to be reckoned with.
The opening of the brand new mHUB was announced by Chicago Mayor Rahm Emanuel and is billed as “Chicago’s first innovation center focused on product development and manufacturing.” The project is a joint effort of World Business Chicago and the mHUB board of directors intended to provide much needed resources to local manufacturers.
Said Mayor Emanuel, “mHUB builds on Chicago’s history as a home for hard-working men and women with bold vision and big ideas… mHUB will unite the manufacturing center with our vibrant technology-focused entrepreneurial scene, and will encourage new and existing manufacturing as a driver of growth for our city thanks to new applications in product development and manufacturing.”
The space is roughly 60,000 square feet and encourages collaboration and communal work among entrepreneurs, manufacturers, engineers, designers and investors. With numerous partners and investors like GE Ventures, Marmon, Chase Foundation, Comcast Business and Kirkland & Ellis, the state of the art production space has garnered a lot of attention from top global investors.
To jumpstart the center, at its opening, the mHUB board will work with the two year old Catalyze Chicago Incubator to help companies develop prototypes into finished products.
“We are excited to introduce mHUB to the manufacturing community,” said World Business Chicago President and CEO Jeff Malehorn. “mHUB will help spark innovation and growth in the industry, and encourage the development of cutting-edge manufacturing products for the future.”
The space is set to open near the end of the year.
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