Formally a vacant building, the 104 S. Main St. building in Eaton Rapids has been renovated and turned into a small business incubation center.
“The goal of the incubator is to offer early stage companies a place to start so we can foster and then incubate them and help them grow,” says Jennifer Painter, board treasurer for the center.
Like other incubators, the Center for Incubation and Education offers tenants reduced rent, access to shared services and access to advice from experienced business professionals. Young companies, those that have been around for less than two years, are ideal for the space.
“If we can help with shared expenses and give them an environment to grow and learn from those around them, they will hopefully become profitable, expand and grow jobs and wealth in Eaton Rapids,” she says.
With three tenants, the Center for Incubation and Education is currently at capacity. Tenants include a marketing company, chiropractic technology company and a nail technology company.
“If we had several people looking for space, we would consider expanding,” Painter says. The Center for Incubation and Education is run by a board and is in downtown Eaton Rapids.
Source: Jennifer Painter, Center of Incubation and Education
Ivy Hughes is the managing editor of Capital Gains and can be reached here.