$1.5 million grant moves Miami, city, business incubator closer to reality

The center will be located in the former Miami Foodservice building, built almost 70 years ago at 20 South Elm Street near the intersection of College Avenue.

Its 39,000 square foot space is being upgraded to a business development space to attract private industries to partner and research with Miami.

The College @ Elm Center will have three anchor tenants: Miami, which operates an entrepreneurship center and provides business support functions; The Fischer Group, a manufacturing company in Butler County, is “innovating” and the City of Oxford operates a human resource development and resource center for small businesses.

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In addition to the $ 1.5 million Vibrant Communities Award, the center received a $ 1 million start-up grant from the Ohio state budget for 2021-2022 earlier this year. The university raised another $ 2 million.

The total cost of the renovation project and development of the center is $ 10.7 million.

REDI Cincinnati, a private, nonprofit economic development company, was instrumental in helping Miami and the City of Oxford successfully apply for the JobsOhio Vibrant Community Program.

Gregory Crawford, President of Miami University said, “We are thrilled that the JobOhio Vibrant Community Program and REDI Cincinnati recognize the tremendous value of College @ Elm and are ready to invest in its potential to benefit our community, the surrounding area and improve Ohio. “

“College @ Elm will demonstrate the value of engaging young people in local entrepreneurial ecosystems while providing a template for how rural communities like Oxford can replicate this to fuel their local economies.”

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