By Lindsey Gemme for The Eloy Enterprise
That could be changing soon with the Eloy Business Center and partners at Central Arizona College providing two yearsâ€™ worth of technical assistance and a creative environment to both emerging, and expanding Eloy-based businesses. The incubator/accelerator program incorporates all of the cityâ€™s downtown, which is a new concept for Arizona. The program is both an in-resident and â€œvirtualâ€ incubator program. The new building will house burgeoning start-ups, while also being a facility where any downtown business (or business operated within the city, actually) that applies to the program can utilize equipment and services. Services include one-on-one counseling and other business-growing activities.
The facility will have communal basic office equipment such as a fax, copier, and meeting room with projector for program participants. Offices are not individually outfitted with furniture or equipment.
To keep overhead costs down for start-ups that take up residence in the EBC, rent will start out at a low $250 a month. Rent will go up in $50 increments every six months until the two-year contract is up and the business is ready to move out on its own.
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