Geonetric, the Cedar Rapids, IA-based software company that develops websites for hospitals, last week announced the opening of the first large-scale coworking space in Iowa’s Creative Corridor, an area in the state dedicated to spurring economic development through innovation. An open house is set for later this week on August 8.
The 45,000 square-foot building officially opened last Monday, July 28. After undergoing construction in the past year and costing $5.7 million, the previously deserted brownfield has become the first major coworking space in the New Bohemia arts and entertainment district.
“We’ve designed it to be our region’s epicenter of creativity and collaboration,” says Eric Engelmann, president and CEO of Geonetric and founder of the Iowa Startup Accelerator, in a statement. “The building will serve as a town square for creativity and entrepreneurship in Cedar Rapids and the Creative Corridor, creating the same type of environment that helped make places like Silicon Valley and Boulder so successful. This will be that place for our community. This is a game-changer.”
The new building will serve as the new home for Geonetric, taking over the third floor of the building to house its team of 70 engineers, designers, and online marketers. Aside from the company, the building will also be the home of the Iowa Startup Accelerator (founded by Engelmann); the accelerator will share the second floor with Vault Coworking. The building will also be home to Iowa BIG School, a high school committed to STEM and entrepreneurial studies, as well as a number of entrepreneurial support organizations, such as the Small Business Development Center. The first floor of the building will include a large private cafe that will serve as a venue for events to support the larger Cedar Rapids startup community.