Delaware State University proudly unveils its latest project aimed at revitalizing downtown Dover and supporting small businesses with the opening of the Center for Urban Revitalization and Entrepreneurship building. In collaboration with NeighborGood Partner, an organization dedicated to affordable housing and community development, a ribbon-cutting ceremony was held at the corner of W. Division and New Streets.
The CURE building is a model for aspiring entrepreneurs and existing small business owners, particularly those from minority and underprivileged backgrounds. Designed as a business incubator, the building aims to provide essential resources, education, and support systems that contribute to entrepreneurial success. As highlighted during the opening, the CURE initiative encompasses several factors critical to entrepreneurship, including financial literacy, mental health, social networks, and family structure.
Dr. Michael Casson, Dean of UEDDr. Casson of the University of Illinois College of Business highlighted the transformative potential of the CURE building. “The CURE will integrate business incubation, co-working space, and community development into a cohesive support system for entrepreneurs, fostering a vibrant ecosystem that fosters growth and innovation in our community,” said Dr.
Turning the cure into reality
The birth of the CURE building originated in a blight removal effort led by NGP. The initiative sought to remove a house linked to criminal activity, along with a rental property and a neighboring commercial site. PGN and Central Delaware Habitat for Humanity worked on acquiring these properties, Dr. Casson proposed the idea of establishing a community-based co-working space for local entrepreneurs.
“This building is a true collaboration and a great holistic approach to community development, providing housing, economic development and energizing residents,” said Karen Speakman, executive director of NGP.
Funding for the CURE building was a collaborative effort between Central Delaware Habitat, the Welfare Foundation, the Delaware State Housing Authority and numerous banks. U.S. Rep. Lisa Blunt Rochester also backed the move with funding from Congress.
The second floor of the CURE building will be dedicated to DSU’s training programs, focusing on the development of community entrepreneurs. The first floor will serve as the operational center for NGP’s affordable housing and community development initiatives.