Transmosis will operate Vault in partnership with the City of Tempe at the former Tempe Performing Art Center at 132 E. Sixth Street in downtown Tempe. As a workforce accelerator, Transmosis offers company benefits in the form of subsidized office space, labor and other services. Last year, companies in Transmosis’s Silicon Valley accelerator collectively generated more than $30 million in revenue, produced new jobs and created capital investment.
At today’s State of the City Address, Tempe Mayor Mark Mitchell announced the creation of two economic development programs that will grow Tempe’s workforce, create jobs, add businesses to our community and help entrepreneurs succeed.
The City of Tempe will launch the Vault and inTempe programs in early 2016.
“We want companies to start, grow and thrive in Tempe. These new programs will help us accomplish that mission while helping our residents improve their job skills,” said Donna Kennedy, Economic Development Director.
What is Vault?
Vault is a workforce and business accelerator that will bring new businesses to Tempe for mentorship and job training that works for our community and businesses alike.
Transmosis will operate Vault in partnership with the City of Tempe at the former Tempe Performing Art Center at 132 E. Sixth Street in downtown Tempe. The 1970s building will be repurposed into offices and coworking space for this new program.
As a workforce accelerator, Transmosis offers company benefits in the form of subsidized office space, labor and other services. Last year, companies in Transmosis’s Silicon Valley accelerator collectively generated more than $30 million in revenue, produced new jobs and created capital investment.
The goal is to attract companies focused on some of the country’s fastest growing business sectors including cyber security, computer gaming, digital advertising, cryptocurrency, transportation, energy, and mobile communications.
“We hope that these companies will see our community as a true partner and will want to continue to grow and prosper in Tempe, creating new jobs, products and services for our residents and representing our city around the world,” Tempe Mayor Mark Mitchell said.
As a workforce accelerator, Transmosis provides science, technology, engineering and math (STEM) on-the-job training to people, be they students or adults looking to retool and change careers. The Transmosis platform will enable those interested to train at start-up companies and gain valuable new skills and real world experience.
Last year, newly-trained workforce members from the Silicon Valley accelerator went on to companies including Hewlett Packard, Cisco, Apple and leading startups.
Chase Norlin, executive director of Transmosis, said there is a symbiotic relationship between the need for workers at emerging businesses and workforce training.
“Our workforce accelerator is designed to help people find their way to success in today’s changing job market. American workers are facing significant challenges today: the “robotization” of many jobs, increasing international workforce competition, the disruption and transformation of industries as a result of new technology and the need to acquire new skills and training to be relevant in our New Economy, to name a few. As entrepreneurs, we know that where there are challenges there are opportunities. We are proud to bring the Transmosis platform to Tempe.”
What is inTEMPE?
inTEMPE will offer people interested in starting or growing a business tools to help them get started. The Tempe Public Library will convert its Quiet Room into the inTEMPE business center, where entrepreneurs can meet, attend workshops, collaborate on projects, do research and get assistance.
An inTEMPE website will launch later this month to connect people to mentors, helpful information and more. Visit www.tempe.gov/intempe for details.
As part of their mentorship in Vault, companies will put on training and networking events at inTEMPE. Transmosis will provide training opportunities at inTempe as part of its contract with the City of Tempe. Tempe Chamber of Commerce is one of 12 partners involved with this project. Each of these partners offers valuable business training and support.
GET INVOLVED
Companies interested in subsidized office space in the Tempe workforce accelerator send a letter of interest with a description of their venture to: tempeaccelerator@transmosis.com
Those interested in learning more about training opportunities and events can email: tempe@transmosis.com
Get updates on this project at www.tempe.gov/intempe
About Transmosis
Transmosis is an organization founded by Silicon Valley Technology Entrepreneurs dedicated to the research and application of technology to improve and strengthen the American workforce. Transmosis operates a nationally recognized Workforce Accelerator headquartered in Oakland, CA focused on creating, building, and growing technology ventures and training regional populations into careers in the broader technology industry. https://transmosis.com/
About Tempe, Arizona
Tempe is home to Arizona State University, Tempe Town Lake and Mill Avenue. Located in the center of the Greater Phoenix Metropolitan Area and adjacent to Sky Harbor International Airport, Tempe is a diverse, innovative community of 165,000 residents, a workforce of 175,000 and a student base of approximately 200,000. Tempe has the largest number of tech companies per capita in the Greater Phoenix area. The city attracts more than 4 million visitors annually.
www.tempe.gov/economicdevelopment
