For Immediate Release
January 20, 2014
The HUB Halifax at a Crossroads: Business Incubator and Community Hub Searching for Sustainable Model
The Hub Halifax announced today that it will be closing its 1673 Barrington Street office at the end of January, ending a five year chapter in the community and business hub’s history. As of February 1st, a core group of members have arranged to move down the street to the second floor of the Vogue Building, signing on to the space for up to a year.
Facing the end of their lease at Barrington, Hub co-founders Joanne Macrae and Tracy Boyer spent the last 16 months exploring options for moving forward, in close consultation with members about how to best adapt or move The Hub.
The business is one of many similar, shared working spaces that have popped across the world over the last decade, all geared toward entrepreneurs, not-for-profits, start-ups, freelancers, and the self-employed–a growing segment of the economy and labour force. But, Tracy noted, “we’re one of the very few spaces like this that doesn’t have a substantial secondary revenue stream from government grants or private sector sponsorship.”
It’s clear after five years that Halifax needs a space like the Hub. “In a place like Nova Scotia, where small businesses form the backbone of the economy, there is a real need for the service and space that The Hub offers. We act as an incubator for new start-ups; we provide space for self-employed and freelance creatives, developers, social enterprises, lawyers, marketers, and a host of non-profits; we’re an important central meeting space for community groups of all kinds,” said Joanne.
The Hub Halifax will continue to offer some core services in the Vogue Building, such as member meeting- and work-space and a diminished range of office essentials. But the new space triggers changes in the month-to-month flexibility of membership, the dissolution of the hosting program, and the loss of public access to the space for meeting or events.
Hub members and the co-founders are hopeful that the next six months will see the Hub re-emerge, revitalized and better situated to play an active role in the communities and businesses that shape Halifax and Nova Scotia.
For more information contact: