Innovation Center is Already Creating Jobs (The Arizona Republic, April 14, 2014)
The 1-year-old Center for Entrepreneurial Innovation strives for job growth in Phoenix by providing help to startups in the biosciences, renewable energy, technology services and software industries.
Opened on March 7, 2013, CEI's goal is to create 400 jobs in 20 years as mandated by the U.S. Economic Development Administration, which gave Phoenix a $2.5 million grant to build the incubator.
"We are in the process of capturing our exact job creation numbers, but, to date, our client companies have created between 70 to 90 jobs at an average salary of $65,000 per year," said Greg Bullock, the center's marketing and public relations representative. "We are tracking toward our EDA-mandated goal of 400 jobs in 20 years with the likelihood that we will accomplish that objective in half that time, if not sooner."