Why Chester County’s Two New Innovation Hubs Speak to Its Promise of Economic Growth
Patrick Hayakawa spends his working life ensuring Chester County is a place where entrepreneurs can grow the companies and technology of the future.
With the recent opening of 23,000-square-foot life sciences incubator 8HUB in Malvern and the Keystone Innovation Zone designation of the building holding the forthcoming nth Innovation Center in Coatesville, Chester County Economic Development Council’s (CCEDC) VP of innovation and emerging technologies says the county is primed for that economic growth.
8HUB plans to offer lab space to life science startups, while the nth Innovation Center, which formerly housed a steel manufacturing company before sitting vacant, aims to attract technology companies.
“While COVID-19 has slowed some business sectors, Philadelphia-area biotech companies continue to see an increased need for research and development infrastructure in 2021,” said 8HUB and 8BioMed COO Hubert Hoin a statement about the new incubator. “We are making a strategic investment to meet that demand by converting part of our reserved space in our headquarters into collaborative lab space.”
The project affirmed Hayakawa’s belief that a county contributes to its own growth by investing in innovation. He talked to Technical.ly about economic opportunities in Chester County, and the municipality’s future as an innovation hub. This conversation has been edited for length and clarity.