24,000-SF Homeland Security Incubator to Open in June

ANNAPOLIS, MD-Officials of Anne Arundel County have announced the development of a business incubator that will concentrate its efforts on homeland security technology firms. The 24,000-sf incubator, which will carry the name the Chesapeake Innovation Center, will be the first of its type in the US.

CIC will be housed in leased space at 175 Admiral Cochrane Dr., and will be developed in two separate phases that will consist of about 12,000 sf each. The financial details of the three-year lease agreement are not being disclosed, but industry insiders speculate CIC will pay abut $11 per-sf for its space in the business complex.