Analysts and proponents of the technology say it could be used to build apps that direct users to their gate at the airport, provide audio tours in museums or push offers to consumers based on where they are standing inside a store.

WSJ: Apple Buys Indoor GPS Specialist

After just 15 months of operation, the i-GATE NEST has helped to create over 50 direct and 100 indirect jobs.

WHITEHOUSE: Entrepreneurial Local Governments -- A Catalyst for Collaboration and Innovation | The White House