Daejeon City Holds Groundbreaking Ceremony for 'Social Economy Innovation Town'... Completion Targeted by End of Next Year

On the 28th, attendees are taking a commemorative photo at the groundbreaking ceremony of the 'Social Economy Innovation Town' held in Gayang-dong, Dong-gu, Daejeon. Photo by Daejeon City

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City announced on the 28th that it held a groundbreaking ceremony at the site of the Daejeon Social Economy Innovation Town project in Gayang-dong, Dong-gu.

The Innovation Town is planned to be completed by December next year, with a scale of 2 basement floors and 5 above-ground floors on the former site of the Chungnam Health and Environment Research Institute (total floor area 11,041㎡).

The Innovation Town will include about 70 rooms for social economy enterprises such as startup incubating spaces, integrated management and support organizations, product research and development labs, shared workspaces, science and technology-based living labs, and product exhibition and sales areas.

The city is currently promoting all administrative procedures, including the enactment of related laws and the development of operational programs, simultaneously with the completion of the Social Economy Innovation Town.

In addition, a preliminary survey targeting local social economy enterprises is being conducted to prepare a user-centered operation plan for the Innovation Town.

Heo Tae-jeong, mayor of Daejeon, said, “We will prepare an operation plan so that the Innovation Town can serve as a catalyst to revitalize the local social economy ecosystem.”

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