Incubator ‘graduates’ major tenant

January 4, 2010

By hammersmith

[Source: The Arizona Daily Sun] – The departure of Senestech late last year from the Northern Arizona Center for Emerging Technologies is both good and bad news for the fledgling small-business incubator.

The graduation of the biotech company to larger facilities near Flagstaff Pulliam Airport was always expected. But its departure has left the 10,000 square-foot, state-of-the art facility on McMillan Mesa only 35 percent full.

And in the short run, this means NACET will be unable to collect enough rent to make the full monthly payment of $7,500 to the city.

But officials with the city and NACET both play down the problem as only temporary and part of a natural cycle for any small-business incubator.

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