Coworking space opens in downtown Austin
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A new downtown co-working space launched this month with a focus on expanding access for entrepreneurs who have historically faced barriers to capital, networks and visibility.
Driving the news: Lab Fifty6, part of the Downtown Austin Space Activation program, aims to bring together resources, mentorship and collaboration for people of color.
Zoom in: The space is open daily for co-working, workshops and other events.
- Organizers say future plans include launching an incubator and accelerator program to help small businesses and creative entrepreneurs scale.
Between the lines: The Downtown Austin Space Activation program has worked to transform vacant storefronts into hubs for creatives, artists and small businesses and lowers barriers for entrepreneurs to test ideas.
- The program has hosted 500 events with over 6,700 participants in its first year, per the Downtown Austin Alliance.
- More than half of the program's participants were nonprofits and 50% were minority owned businesses.
📍 If you go: Find Lab Fifty6 at 506 Congress Ave. Day passes start at $20.