Go HERE to read the full article by Mohana Ravindranath.
Excerpt:
The Arch Development Corp., a nonprofit dedicated to developing Anacostia’s economy, opened the workspace last month after receiving a $25,000 grant from Capital One Bank. Arch Development had been running another workspace for the past two years – the first Hive, also in Anacostia, but had reached capacity with 17 small businesses and nonprofits, some of whom were outgrowing the space as they hired more employees.
Hive 2.0 was founded to meet entrepreneurs’ “call for space,” Arch founder and chief executive Duane Gautier said, but the greater benefit of a shared workspace is the networking, where business people can support one another.
Hive 2.0 has space for about 30 small businesses, offering nine furnished private offices (available for between $1,200 and $2,100 a month), lounges, conference rooms and open workspaces for a few hundred dollars a month.
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