The City of Niagara Falls welcomed a new tenant along Niagara Street on Monday.
Local officials cut the ribbon on the Niagara Global Tourism Institute, a tourism-technology focused center that will offer space to entrepreneurs who are looking to develop ideas for new businesses.
As part of Niagara University, the global tourism institute is an initiative focusing on collaborative partnerships between the public and private sector to enhance the regional tourism product and global competitiveness.
The incubation space, known as TReC for short, is located inside newly renovated buildings at 616 Niagara St., at the intersection of Seventh Street. The project developer, TM Montante Development, oversaw the $5 million effort to turn the buildings at the corner - collectively known as 616 Niagara - into a new home for TReC as well as new commercial space and a corner cafe on the ground floor. The development project also calls for 17 market rate residential units to be made available on the upper floors of the building.