A new venture capital firm and startup accelerator, Team LaunchPoint, will be established in High Point to create a hub for business development and job growth. The project will redevelop a 15,000-square-foot office building at 1321 Long Street into a multi-tenant facility for the parent venture firm and its startup companies, with two newly incorporated startups expected as initial tenants. The investment includes more than $300,000 in building improvements, and the project is expected to create approximately 40 jobs over five years.
“I’m proud to continue investing in High Point, and to support the momentum of our city. Team LaunchPoint is designed to create, develop, and scale high-growth businesses, and we will be doing it right here in High Point”, said Drew Haire, Founder of Team LaunchPoint. “Once established, this project will build a brand for High Point as a high-growth start-up launch point. I am grateful for the City’s partnership in supporting this ambitious project.”
https://www.highpointnc.gov/m/newsflash/Home/Detail/5361