When Digital Equipment Corporation announced the closing of its facility in Springfield, Massachusetts, the result would have been a vacant 15-acre facility on the main thoroughfare of the city center, as well as the loss of 1,000 local jobs. Instead, through a collaborative effort led by the local community college, this historic site is now the Springfield Technical Community College Technology Park, a vibrant economic development model which pumps $2.5 million into the regional economy each year. The lost jobs have been replaced; an incubator is growing new businesses, and entrepreneurship programs are inspiring the next generation of entrepreneurs.