The redevelopment of the historic Baker Electric Car Building (1910) transformed the venerable “old-economy” icon into a “new economy” efficient, modern incubator and post-incubator space for some of Cleveland’s emerging technology-based companies. With 52,000 sq. ft. of wet/dry labs and office space, tenants such as Volcano now have a high-tech space to develop intravascular ultrasound technology in association with the nearby Cleveland Clinic. As the tenant businesses grow, they will add more employees, as well as tax revenue to the city’s economy.