Indiegrove completes expansion in Jersey City
JERSEY CITY, N.J. — Indiegrove, a company that offers shared space for entrepreneurs to network and share ideas, has completed its Jersey City expansion, three years after securing a loan from the New Jersey Economic Development Authority.
Showcasing the state’s commitment to supporting small, innovative businesses, members of the New Jersey Economic Development Authority’s (EDA) Technology and Life Sciences Division were in attendance as Indiegrove cut the ribbon last week on its newly expanded co-working space facility. The celebration comes three months after Indiegrove closed on a $175,000 loan from the EDA.
Indiegrove used the funding provided by the EDA to nearly double its space, from 6,000-square-feet to 10,268 square-feet, including adding a floor to its location near a transit hub in downtown Jersey City. Indiegrove currently boasts 160 members, of which approximately 50 percent are from the technology industry. The co-working space offers its members a variety of resources, including educational workshops, networking opportunities and ample amenities such as meeting rooms, high-speed wifi networks, and kitchen facilities.
Co-working spaces like Indiegrove enable entrepreneurs from different companies to work side- -by-side, sharing ideas. They are often accessible via mass transit, reflecting renewed interest in urban living and working arrangements. For entrepreneurs and startup companies with limited access to immediate revenue, co-working spaces do not require members to sign long-term leases and also offer mentoring networks to their members.