Courtesy of Fisk University
TheĀ project willĀ reimagineĀ Burrus Hall on Fiskās campusas a community spaceĀ to support the next generation ofĀ entrepreneursĀ in North NashvilleĀ and across the city.
The Freeman Family will join Mayor Cooper and others for aĀ kickoffĀ ceremony Monday January 9thĀ at 2pm
Nashville, TENN.Ā āĀ On Monday, Mayor John Cooper andĀ Fisk UniversityĀ willĀ announceĀ the launch of the Darrell S. Freeman Sr. Incubation and Innovation Center.Ā This CenterĀ willĀ focus on supporting the next generation of startupsĀ and entrepreneursĀ and will be housed at Burrus Hall, which has stood at the corner of 16thĀ AvenueĀ N.Ā and MeharryĀ Blvd.Ā since 1945. ThisĀ innovativepartnership will transform Burrus Hall into anĀ incubation andĀ innovationĀ facility with more than 13,000 square feet of flexible space for programming and engagement.Ā Once finished, The Freeman CenterĀ will provide wraparound services, resources, and programming for students, faculty, and members of the community as they strive to scale their businesses and test their ideas.
MetroāsĀ COVID-19 Financial Oversight CommitteeĀ approved $10 million of federal American Rescue PlanĀ ActĀ funding for the projectĀ to refurbish Burrus Hall onĀ November 30, 2022, and Metro Council approved the funds unanimously on December 19, 2022.
āFor too long, Nashville paid wealthy, out-of-state corporations to bring jobs here instead of creating and growing businesses by investing in local entrepreneurs already living in our city. With Burrus Hall, weāre investing in our own residentsā futures by transforming this historic building at Fisk University into an innovation and entrepreneurship center to create the next generation of Nashvilleās business leaders,āĀ saidĀ Mayor John Cooper.Ā āBorn through the work of the late, great Nashville entrepreneur and business icon Darrell Freeman, this center will be a place where emerging business owners can access resources, make connections to investors, take classes and more. As Nashvilleās first public-private partnership with our oldest institution of higher learning, this initiative will help bring the opportunity of Nashville to communities that havenāt benefited from our cityās growth. This is how we build wealth for allĀ ofour residents.āĀ Ā
TheĀ newĀ space will host tech boot camps, as well as programs including mentoring, classes, workshops, and events.Ā The Freeman CenterĀ willĀ aim to beĀ a jumping-off point for ideas that entrepreneurs can spin out into self-sustaining businesses or for further private investment. Similar models are housed at top universities throughout the nation.
āIncubators are distinct ecosystems populated by curious and inquisitive entrepreneurs, free agents, programmers, designers, dreamers, angel investors, tinkerers, venture capitalists and this Center marks the next stage in Nashvilleās remarkable development,āĀ saidĀ FiskĀ UniversityĀ Executive Vice President Jens Frederiksen.Ā āThe late Darrell Freeman knew this and he embodied everything this center is about:Ā determination, focus and innovation. Over the next many years, students, faculty and community founders will follow in his large footsteps and launch businesses and support neighborhood growth and development.ā
āThis building is at Fisk, but it is not for Fisk. It is for us. The communal us. You, me,Ā and anyone wanting to turn their business dreams into aĀ money-makingĀ reality,āĀ saidĀ Shanna BerkeleyĀ andĀ Marcia Smith, Executive Director and Director, Corner to Corner.
āTheĀ Nashville Entrepreneur CenterĀ is proud to continue our partnership with Fisk and provide dynamic advisory and mentorship support to students and entrepreneurs in our North Nashville community,āĀ saidĀ Brittany Cole, Chief Equity & Inclusion Officer, Nashville Entrepreneur Center.
āCollaborating to inspire, empower and enhance lives within and beyond a community through the impact of providing information, resources, education and access. Ultimately, our goal is to provide all the wealth building tools for current and future generations,ā saidĀ Deputy MayorĀ ofĀ Community Engagement Brenda Haywood.
āSuccessful entrepreneurial ecosystems require attracting, retaining, and cultivating talented people, and meaningful collaboration between universities, government,Ā and the private sector so that talent supply and demand are efficiently matched. And over time, successful entrepreneurial ecosystems become talent magnets and talent incubators,ā saidĀ Brynn Plummer, Vice President and Director of Diversity, Equity & Inclusion, Alliance Bernstein.
āNashville lags behind other cities in meeting the needs of small businesses and entrepreneurs. Building and creating more spaces where folks can get the support needed to start, grow, and scale businesses is critical to creating an equitable city that can compete in the future,ā saidĀ LaTanya Channel, Metro Nashville Director of Economic Growth and Small Business Development.
āResearch has shown that when low-income/underprivileged entrepreneurs participate in incubation programs,Ā theyĀ can grow 22% in revenue, and 15% in employment (within 6 months). What this means for Davidson County is that small business owners of all industries can access the programs and resources they need to scale ā not just to build personal generational wealth, but to become job creators for their community,āĀ said Holly RachelĀ andĀ Lena Winfree, President and Vice President, Blacks in Technology ā Nashville.
āI believe making an investment in business ecosystems that provide minority entrepreneurs equitable access to resources and expertise will help remove barriers and obstacles that make it unnecessarily challenging to closing the wealth gap. That restorative effect, along with economic gains, would be a hugeĀ step forward for Nashville, both socially and economically,āĀ saidĀ Patrick Johnson, Co-Founder & Chief Operating Officer, Recover-Health.