A new innovation center and start-up accelerator is coming to the former Lukens Steel offices in Coatesville’s Keystone Innovation Zone, writes Erin Arvedlund for The Philadelphia Inquirer.
The nth Innovation Center is currently under construction on the two-acre site at 190 West Lincoln Highway. This 30,000-square-foot start-up hub will be able to accommodate at least 30 people, along with an engineering and fabricating center. It is expected to open in April.
“190 West Lincoln Highway represents an important milestone as the first major commercial construction in the city of Coatesville during the past 50 years,” said Ed Simpson, a city council member.
The project’s placement within a Keystone Innovation Zone is of key importance, as this will provide the companies that decide to locate there with significant tax breaks. The businesses at the new innovation center will be eligible for credits that can be used to slash taxes or sold to raise capital.
The lead tenant at the zone is nth Solutions, a business incubation company. Susan Springsteen and Eric Canfield of nth Solutions are investing in the start-up center.
Read more about the nth Innovation Center in The Philadelphia Inquirer here.