CIC will be housed in leased space at 175 Admiral Cochrane Dr.,and will be developed in two separate phases that will consist ofabout 12,000 sf each. The financial details of the three-year leaseagreement are not being disclosed, but industry insiders speculateCIC will pay abut $11 per-sf for its space in the businesscomplex.

The Anne Arundel Economic Development Corp. has been tapped tohead the creation of CIC. Businesses specializing in homelandsecurity technology are being encouraged to apply for space in thecenter where they will be privy to start-up services and flexibleoffice facilities, according to a statement. While the main focusis on homeland security businesses, the incubator will also solicitcommunications and information technology businesses.

"By developing partnerships in the region, our incubator will bea powerful tool in developing security-based technologybusinesses," Anne Arundel County executive Janet S. Owens says. "Iam certain that the Chesapeake Innovation Center will solidify AnneArundel County and Maryland's leadership in this fast-growingtechnology sector." CIC is scheduled to open its doors in June.

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