The school informed its members and partners of the decision Thursday, which resulted from a loss of funding and a re-evaluation of its usage, said Matthew Janisin, vice president of business and workforce solutions at Gateway.
In keeping with its contracts with Launch Box’s 147 members, Gateway provided 120 days of notice prior to closing, he said.
Launch Box opened in 2013 as a joint venture between Gateway and the City of Racine to encourage and support entrepreneurship in the community. It was originally housed on city property and the two split the cost of a director’s salary. Later, the program moved on to Gateway’s Racine campus as the city cut funding from the budget, Janisin said. Read the full story here.