[Source: Joe Ferguson, Arizona Daily Sun] – The first home for what Flagstaff officials hope will be the next generation of businesses focusing on clean energy and technology officially opened Tuesday on McMillan Mesa.
The 10,000 square-foot, state-of-the art facility, known as the Northern Arizona Center for Emerging Technologies, will serve as a small-business incubator for entrepreneurs and startups. NACET will focus on high-tech, science-based businesses as well as renewable energy firms.
Gov. Janet Napolitano was one of several politicians who hailed the incubator as a step to diversify the local economy and support fledgling businesses. She touched on the current economy, saying Arizona needs to reduce its dependence on industries like home construction prone to boom and bust cycles.