evamped industrial complex in the Fulton Market district will give large corporations another urban space to connect with up-and-coming Chicago companies.
Morgan Manufacturing, an 88,000-square-foot event, meeting and work facility slated to open by late September, will provide space for organizations such as the Chicago Innovation Awards to bring potential partners together, the company announced Monday.
A 32,000-square-foot space that Morgan Manufacturing describes as an Innovation Lab is set to become the home of The Innovators Connection, a Chicago Innovation Awards program aimed at connecting large and small companies, said Chicago Innovation Awards executive director Luke Tanen.
Morgan Manufacturing falls in the 217-acre Fulton Market Innovation District approved by the Chicago Plan Commission in July. Most of the $42 million dedicated to the plan will fund infrastructure improvements. The plan includes land use, design and density guidelines.
The historical meatpacking neighborhood is increasingly attracting innovative companies such as Uber and Google, which plans to open offices there in early 2016. Businesses moving to the Fulton Market Innovation District may be eligible for tax increment financing, though Shreyas Shah, the Innovation Lab’s Chief Brand Officer, said the $19 million renovation of Morgan Manufacturing, a building dating to before the Great Chicago Fire, was fully funded by MAB Capital and has not received any incentives from the city at this time.