Tuesday, October 20, 2009

FITCI Continues to Grow and Help Local Businesses

The Frederick Innovative Technology Center, Inc (FITCI) recently announced that it would be consolidating it's space at Hood College to it's 2nd location on Metropolitan Court. "The move is part of a strategic plan to eventually relocate to the Riverside Research Park", said Mike Dailey, FITCI executive director. "We do expect to lease a larger facility that will provide not only incubator space, but also mezzanine space," he said.

Since it's inception in 2004, FITCI has offered local entrepreneurs facilities, services, and an environment in which they can prosper. The location at 4539 Metropolitan Court in Frederick, occupies 15,000 square feet, supporting up to 30 clients employing nearly a hundred people at any given time. For more information, visit www.fitci.org.

• 180+ new jobs created in 4 years
• In 2007:
–87% of employees held BAs or greater
–50% of employees hold Ph.Ds
–Average salary per FITCI client employee is more than $75,000/year
–Tenant companies and graduates secured over $13 million in outside investment capital and government grants