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The Boston Globe

Business

Cambridge Innovation Center to open in Boston

After serving as a magnet in Kendall Square for hundreds of tech upstarts and Web giants such as Facebook Inc. and Amazon.com Inc., the Cambridge Innovation Center is opening a major outpost in Boston’s Financial District with enough space for about 300 startups.

The center, which gives young companies access to amenities such as copiers, kitchens, and conference rooms, has signed a lease to take over five floors at 50 Milk St., a part of town that has traditionally hosted lawyers, bankers, and investment managers, but has recently seen an influx of tech newcomers such as PayPal and Isobar , a digital advertising company.

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