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Setti Warren
Former Mayor | Newton, MA

City Spurs Innovation Economy

Idea Category: Jobs and Entrepreneurship

Problem

Many entrepreneurs lack the resources and access to funding they need in order to develop and grow successful businesses. This need is critical now more than ever, as technological advances and globalization continue to transform the economy.

Solution

Mayor Setti Warren is helping Newton connect entrepreneurs to the resources they need to start and grow their business by partnering the city with a well-recognized non-profit incubator accelerator, MassChallenge, that has programs in Boston, Israel, and the U.K. The City of Newton has licensed a municipal building to them as a two-year pilot to assess the portability of their programs to a smaller city. This partnership will help spur economic revitalization in the community and connect business leaders to the tools they need to succeed in the innovation economy.