City approves GTEC agreement with Santa Fe College
Published: Thursday, December 19, 2013 at 2:56 p.m.
Last Modified: Thursday, December 19, 2013 at 2:56 p.m.
The Gainesville City Commission on Thursday unanimously approved an agreement for Santa Fe College to take over operation of the Gainesville Technology Enterprise Center business incubator on Southeast Hawthorne Road.
City and college officials had been in talks on the agreement for close to 18 months. Santa Fe’s Board of Trustees still has to approve the agreement at its January meeting. Sante Fe would then take over operations on Feb. 1.
The city retains ownership and responsibilities for major maintenance and construction projects. The city also will pay Santa Fe College as much as $150,000 over the initial five years of the agreement and allow the college to retain revenues from tenant rent to put back toward operation of the center.
Santa Fe has business incubator experience, operating the Center for Innovation and Economic Development near downtown.
The city-owned GTEC opened in 2003. The city paid the Chamber of Commerce to staff and operate the facility for most of its existence. After the Chamber ended that agreement, the city’s Community Redevelopment Agency took over operations in early 2011.
The CRA is now in the midst of planning for future development of retail and office space on city-owned parcels around GTEC.