In June of this year, the Rutgers Food Innovation Center (FIC) completed a feasibility study to assesses global best practices in business incubation and to determine the business model that will best maximize economic impacts and sustain such an incubation facility in the City of Paterson. In addition, the FIC staff redesigned the entire layout of the current facility and identified specifications for all necessary equipment.
The proposed naming for the incubator as the “Paterson Food Hub” reflects the ongoing plans for developing a clustering strategy for the City of Paterson. This strategy creates concentrations of interconnected companies, suppliers, service providers and associated institutions. The new “Paterson Food Hub” will facilitate a regional food industry cluster, through a network of resources, operating as a tool for regional economic growth, sustainability, access to capital and most importantly, job creation. The Paterson Food Hub is expected to be partially operational by February 2017.
A new press release will soon be issued with further updates on this exciting project.Please contact Cristina Deutsch for further information at 973 - 321 - 1220 or email@example.com.