Video: Entrepreneur hub, 36 Degrees North, renovating Tulsa warehouse
TULSA, Okla. — 36 Degrees North (36°N) has announced plans to renovate a 112,000 square-foot historic warehouse space in the Tulsa Arts District.
The warehouse, near Archer and Boulder, has been vacant for more than 20 years. It formerly housed Oklahoma Tire and Supply Company, which was founded in 1918 by 3 brothers who immigrated from Lithuania.
36°N will spend the next two years renovating the building while working with the State Historic Preservation Office to ensure the historical significance is maintained and preserved.
“We are honored to bring new life to these buildings that hold so much historic significance for our city,” says Devon Laney, President and CEO of 36°N. “We are confident that creating one of the largest entrepreneurship hubs in the country will further the exponential growth of next generation businesses, innovation, and remote work here in Tulsa. You won’t find this anywhere else in the country.”
In 2024, the state-of-the-art facility will become home to the more than 2,000 members that 36 Degrees North currently serves across its three downtown locations. The new hub will offer its members co-working and private offices, incubator and accelerator programs, concierge connections and capital providers, all under one roof.
36 Degrees North helped Marc Lamanque as he was starting his business Cadenzo, a platform that helps music venues and performers book shows.
“Whenever you’re founding a company, I’m sure you’ve heard it, it’s not an easy time. It’s definitely demanding, so being surrounded by other founders who are going through the same thing that you can ask for help for is huge,” Lamanque says.
The new location isn’t just for people looking to launch their business though. It will feature a large event space, restaurant, coffee shop and a rooftop bar that will be open to the public.
In its 2021 Impact Report, 36 Degrees North revealed that over the past five years, the organization has had a combined economic impact of $572.5 million on the Tulsa region. In 2021 alone, 36°N served 387 member companies that created or retained 2,181 jobs and generated sales of $111.3 million. Additionally, the companies at 36°N secured over $25 million in external funding, with the majority (84%) coming from venture capital investment.
Last year 36 Degrees North, as it expanded to a third location. In 2021, 36 Degrees North transformed the previously vacant fifth floor of City Hall into a 50,000 square foot state-certified incubation space for tech-enabled companies.
Created through a partnership with the City of Tulsa, the 36°N Incubator has far exceeded the industry average for first-year incubation programs, reaching 90% capacity in its first year and validating the need for a larger, consolidated space for these entrepreneurial programs.
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