Rochester, N.Y. - RIT is opening a new Center for Urban Entrepreneurship in downtown Rochester.
University leaders made the announcement Monday morning at a news conference.
According to RIT President Bill Destler, "Downtown Rochester is at a critical development juncture. RIT's presence will serve as a catalyst and assist in a downtown resurgence. With a focus on entrepreneurship, we will see potential for reshaping the region's economy through new business development."
The new center will be located in the former Rochester Savings Bank building on Franklin Street.
The building will also be converted into a multi-use venue for other RIT activities.
The anticipated opening of the center is Fall 2013.