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4,1.4 Implement co-worlcing space and potential malcers space, <br />Co-working spaces have moved from what some might consider a fad into a full-blown national <br />trend with over 80% growth in available spaces during the past two years. According to the <br />Commercial Real Estate Development Association repoft: Between 2005 and 2014 the number <br />of co-working spaces has gone from 1 to 781. Deskrnag monitors co-worhing spaces nationally <br />and cites that 60% of existing co-working spaces will expand in 2015, 4,5 new co-working <br />spaces are created each day, and 245 people become members globally each day. <br />Ellensburg has multiple opporhrnities to capitalize on this growth while building on partnerships <br />within the Chamber of Commerce, with Central Washington University, and even with the <br />creative comrnunity that thlives in Ellensburg and Kittitas County. <br />Dcforc dclvirrg into the specifiu reuululcridaliuns, it is irnportant to begin to defltre how each of <br />these spaces work, as semantics can sometimes get in the way of tnily understancling the purpose <br />of these new models for thc workplace environment, lt is also important to know that, although <br />their definitions are provided below, the fluidity within which they can function in a space is as <br />creative as the very ideas themselves. <br />Co-working spaces provide a place for individuals or small companies to work in a shared <br />environment. Companies can interact with one another in informal ways, form collaborations, or <br />simply share in the cteative atmosphere of the space. Co-working spaces may host events and <br />activities, but rarely provide formal business coaching. Such spaces provide conferencing <br />capabilities, shared printers, a kitchen, restrooms, and most importantiy high speed internei <br />ilcces3. <br />Incubator spaces are also places where businesses co-habitate as well. A key difference bctween <br />co-wolking and incubator spaces is the level of support provided to grow businesses. These <br />spaces frequently have a higher edncation partner that is helping to cultivate and coach <br />businesses toward success. Many incubators have the desire to "graduate" businesses from the <br />spacc. There is already an incubator space in Ellensburg, so this approach may not be thc most <br />appropriate for downtown, although the trend is continuing to evolve into other kinds of <br />incubators. <br />Accelerator spaces provide a structured way to "graduate" companies, often within a specified <br />period of time, Usr"rally, accelerator spaces receive significant support ftom venture capital that is <br />directly investing in the start-ups. 'l'he goals of an accelerator is to "spin out" successful <br />venftires. These spaces tend to gravitate around like businesses that have collaborative <br />capabilities. <br />Makerspaces are physical locations where people gather to share resourees and knowledge. <br />Unlike the spaces described above, makerspaces focus on projects and fabrication. Consequentiy, <br />makerspaces provide tools and facilities for the makers. While expeds or higher education- <br />affiliated advisors might be available, makers frequently get help fi'om other users. These spaces <br />began to be associated with fields such as engineering, fabrication, computer science, and <br />graphic design. Many makerspaces have higher education partnerships who desire to create an <br />29