Iron Range Resources & Rehabilitation’s newsletter, The Ranger reports…

Entrepreneur Karine Woodman established TechTank, Hibbing’s first co-working space that is shared by several workers from different organizations and companies. The arrangement enables cost savings for the member occupants through common infrastructure related to utilities, broadband and office equipment.

Woodman purchased a 3,500-square-foot building near the city’s downtown business corridor to launch TechTank. She completely renovated the interior and exterior and utilized a Business Energy Retrofit (BER) grant to help pay for upgrades to the HVAC systems.

TechTank members have access to contemporary work spaces, fiber optic internet, printing services, private rooms, conference rooms with meeting tools such as TVs, teleconference equipment and whiteboard walls. There is free parking, indoor and outdoor collaboration space and educational events. Monthly, daily and yearly memberships are available, and members have round-the-clock access to the secure work space. Two conference rooms are also available for half and full-day rental with seating to accommodate up to 16 people.

According to Small Business Trends, experts estimated that 1,000 new co-working spaces opened in the United States during 2018, and almost 700 are expected to open by the end of this year.