Eastern Market is developing a food accelerator in market buildings leased from ASH NYC, reports Crain's Detroit Business. The market's nonprofit operator leased 15,000 square feet across five of the seven buildings ASH bought in 2018 to create what it's calling in the short term the "Metro Accelerator."
Eastern Market President Dan Carmody says they have letters of intent from five small food companies that started out in its Detroit Kitchen Connect incubator to sell their products at Eastern Market and are ramping up production as they grow. When the accelerator space shells are complete, companies can bring in equipment and start production. The goal is to have the first tenants move in by August. Full Story
Related: Kraft Heinz's Springboard Announces Second Incubator Class; Mars Launches Startup Accelerator.
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