Anderson Business Incubator Building to Change Hands
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The city of Anderson and the Flagship Enterprise Center board are making plans to purchase the Flagship Enterprise Center building that is currently owned by Anderson University for nearly $7 million. Our partners at The Herald Bulletin report the center was created in 2003 through a partnership between the city and the university to encourage entrepreneurship through a business incubator center.
Anderson University President John Pistole said in a press release the changes will allow the university to focus resources on its primary mission of education.
The publication says the city will issue a bond in the amount of $6 million through the Anderson Redevelopment Commission and the Flagship board will be providing $1 million.
“These actions will allow for AU and the City of Anderson to continue its long-effective relationship while making appropriate adjustments that mutually benefit the city and the university while proving for optimum opportunity for local economic development for the city,” Pistole said.
The facility will be owned by the Flagship Enterprise Center and will manage the facility.
The building has housed the university’s master’s in business administration program and hosted community events. The publication says the university will lease space in the facility to continue to operate the residential MBA program.