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James D. Phipps, executive director and founder of the Entrepreneurial Center of Hudson (TECHudson), is resigning from the position, according to a Jan. 14 press release from the business incubator.
Phipps' resignation will be effective as of Jan. 31.
"This was certainly not an easy decision to make," Phipps said in the press release. "I am grateful for the rewarding experience I've had with TECHudson and I'd like to thank the Board of Directors, committee members, Hudson City Council, Youngstown Business Incubator, Jumpstart and the entire entrepreneurial network of Northeast Ohio."
Phipps founded the TECHudson business incubator in 2010 to attract companies to Hudson and Northeast Ohio. It has received the majority of its funding from the city of Hudson.
During Phipps's tenure, TECHudson developed partnerships with the Youngstown Business Incubator and with Jumpstart Inc., headquartered in Cleveland.
"At this point, TECHudson has reached a place where transition is possible," said Phipps. "I am honored to have taken the organization through its formative years and I look forward to the continued success of TECHudson into the future."
TECHudson has supported many businesses, including SGM Games, Region XI Enterprise, G&G Games and Boxcast, according to the press release.
Read more in the Jan. 16 Hub-Times.
And the total amount of Hudson city taxpayers' money spent by this organization so far ... without anything of concrete value to show for it? Answer: By the end of this fiscal year, at least $500,000! Maybe someone should have given Phipps a nudge earlier? How long will we continue to "invest" in this incubator dream before even more city taxpayer dollars are "invested" without any real "return" to show for it? Stay tuned!