The state Economic Development Corporation and Brown University are opening a center to help entrepreneurs start businesses, an effort to slow the state’s spiking unemployment rate.

Late yesterday, the EDC board agreed to spend $100,000 to help build the Center for Innovation and Entrepreneurship. Two other public bodies –– The Slater Technology Fund and the Science and Technology Advisory Council –– are contributing an additional $50,000 apiece.

Participants would pay fees for services at the center that backers say will eventually be subsidized by corporate sponsors.

Full Story: New effort aimed at helping start-ups Source: Providence Journal, February 24th, 2009 Author: Benjamin N. Gedan Added on February 24th, 2009 at 9:29 am, by Matt Mikula