Nussbaum Center secures funding to move to South Elm-Eugene

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The old Carolina Steel Corporation will be the new home of Nussbaum Center by spring 2012. (WGHP)

The state’s largest small business incubator is moving to a newly renovated building in the spring.

The Nussbaum Center in Greensboro got the tax credits necessary for the move to the Old Carolina Steel Building on South Elm-Eugene Street after two years of trying.

The center will spend about $3 million to renovate the building, which could become office space for more than 100 small businesses.

“I think this is the greatese opportunity for us. We’re going to go into another improverished section of town, and we’re going to make a significant difference to the dynamics of this side of town,” said Sam Funchess, center president and CEO.

The center is currently headquartered on Yanceyville Street. Its new home was donated to the center, but they were having trouble finding the money to make the move, Funchess said.