Tuesday, July 20, 2010

Incubator Space for New Rural Businesses

Source: http://billingsgazette.com/news/state-and-regional/wyoming/article_91cf7bbe-921e-11df-9497-001cc4c03286.html

A NEW project has been launched in a remote area of America in a bid to provide incubator space to new businesses in a rural community.

The small business incubator is taking root in Lovell, a Big Horn Basin community of about 2,350 people and the incubator will provide assistance to local entrepreneurs in a 2,500-square-foot-building owned by the town and being managed by Lovell Inc, a local community development group.

“In a rural area, such as we are, we know our best potential for business growth is through individual entrepreneurs,” said Sue Taylor, executive director of Lovell Inc.
“The chances of getting somebody to move here are not the greatest. But we know we can grow our own.”

Once completed, the incubator will have three tenant spaces and a “flex” area. The Lovell project got a boost from a $330,598 Community Readiness Grant from the Wyoming Business Council.

Lovell Inc. also plans to apply for assistance for the Wyoming Women’s Foundation to run a business plan contest for women. Money will be sought to offset incubator rent for one woman older than 50 and one younger than 30.

Maggie O’Carroll, Executive Director for Train 2000, said; “this project appears to be an excellent opportunity for people in this rural community to have space to start up their own business – and it looks particularly promising for women who are thinking about becoming entrepreneurs.

“At Train 2000 we understand and value the need for incubator space, which enables many women to access affordable premises in the early stages of business start up.”

Currently at Train 2000 we provide business units (incubator space) to women at our Manchester Office. At a very affordable cost, space can be rented on a weekly or monthly basis and as well as being located in a city centre location, facilities include broadband connection, full-time reception cover and availability of conference rooms and meeting space.

And, incubator space will soon be available at our brand new Women’s International Centre for Economic Development (WICED) based in the Baltic Triangle area of Liverpool, when it opens in January 2011.

For further information about the business units we have available please call 0151 236 6601 or email info@train2000.org.uk

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