After almost four years in downtown Burlington, STEAM Junction has shuttered its doors — maybe permanently — amid COVID-19 related financial losses.
Co-founder Bennett Harris said the makerspace offiially closed May 31 after two and a half tons of equipment and material were moved out of the East Front Street location and into storage “for the foreseeable future.”
“The ongoing public health crisis of COVID-19 added to the economic recession/depression that it has caused has had a major impact on our ability to generate revenue to cover our operating costs,” Harris explained of the closure. “Overall revenues have dropped to less than [one-third] of our previous levels.”
After nearly four years in operation, STEAM Junction was finally breaking even on all expenses, Harris said, except salaries, and the business had seen increases in paid services like laser time, workshops…