Towerhill Associates, a recruitment company for cleantech, life sciences and the high tech industries, has signed a letter of intent to move its Middletown office at Innovate Newport — the project turning the former Sheffield Elementary School into a local tech hub.
The 2008-born entity, which also has employees in San Francisco, will occupy a 700-square-foot space within the Innovate Newport facility beginning in 2019, when it opens. Besides the Newport County Chamber of Commerce, Towerhill's neighbors at Innovate Newport have not yet been announced.
Founded in 2008 by Jamestown natives Josh and Jared Furtado, Towerhill Associates has positioned itself as a household name in high tech circles from Boston to Silicon Valley, connecting employers with top talent in the Clean Tech, High Tech, and Life Sciences industries.
“Tracking and supporting innovation in the industries we serve has been one of the founding principles for Towerhill," said CEO Josh Furtado, who founded the company with his brother Jared. "So, when we first heard of the Sheffield School project we knew we wanted to be a part of it. Innovate Newport has the potential to be really disruptive for not just the island, but the entire tech/start-up ecosystem in Rhode Island; we are thrilled to be in at the beginning!”
Excitement over the announcement was shared by the Innovate Newport team.
“We’re extremely excited to welcome Towerhill Associates to the Innovate Newport community,” said Tuni Schartner, Innovate Newport’s director of entrepreneurship and innovation. “While their roots are here on Aquidneck Island, they’re recognized throughout the startup and high tech community as one of the best in the business.”
Added Newport County Chamber of Commerce Executive Director Erin Donovan-Boyle: “We are so proud of the Furtados who have built this business in Newport County. They could be anywhere in the world but choose to be here in their home town, which is a testament to the quality of life and accessibility to talent right in our own backyard. They are a perfect fit for Innovate Newport!
