Co-Working Space “WorkDistrict” Opening on 14th Street January 2013
(MediaQuire) Washington, DC – December 4, 2012 – DC’s newest and coolest coworking space, WorkDistrict, will open its doors in January 2013. Located in a former TV studio and Living Social event space, WorkDistrict will provide low-cost office, conference and event space, plus operational, growth and funding resources for startups and micro-businesses.
WorkDistrict is different, says co-founder Paul Ballas. “Thanks to low overhead, we’re far cheaper than other coworking spaces, allowing us to support a broader range of businesses. For less than the cost of two lattes a day, our members get collaborative work space, a street address, internet access and office support (and all the free coffee they can drink).”
“Our culture is special,” adds Ballas. “We’re a membership-driven organization focused on tech, sports and other creative businesses. Membership is by application only, and new members must be approved by existing members.”
“Additionally, we are the first coworking space in the country dedicated to helping its members source capital through “crowdfunding”, the raising of small amounts of capital from many individuals over the web,” states co-founder Patrick Menasco. Congress legalized crowdfunding through the Jumpstart Our Business Startups Act (JOBS Act) of 2012. The Securities and Exchange Commission (SEC) is expected to issue implementing regulations in 2013. “With the pending SEC action, WorkDistrict’s timing is perfect,” adds Menasco.
To help support its crowdfunding efforts, WorkDistrict has entered into an exclusive strategic partnership with Crowdfund Capital Advisors (CCA) (www.crowdfundcapitaladvisors.com). CCA’s principals were the driving force behind the JOBs Act and remain at the forefront of the crowdfunding movement.
WorkDistrict is located at 2217 14th Street, NW, Second Floor. Starting January 2013, WorkDistrict will be open Monday through Friday, 9:00 am to 6:00 pm (24/7 access optional). Daily, monthly and longer-term memberships are available. Applications and further information may be found at www.workdistrict.com.
Patrick S. Menasco, Co-founder & CEO
2217 14th Street, NW. 2nd Floor
Washington, DC 20009
(202) 415-2604 (cell)