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Eloy Business Incubator Could Revitalize Downtown

By Lindsey Gemme for The Eloy Enterprise

All along Main Street are dark, dilapidated buildings, with businesses far and few in between eking out a living in Eloy – a town that used to be teeming with people, business and industry.

That could be changing soon with the Eloy Business Center and partners at Central Arizona College providing two years’ worth of technical assistance and a creative environment to both emerging, and expanding Eloy-based businesses. The incubator/accelerator program incorporates all of the city’s downtown, which is a new concept for Arizona. The program is both an in-resident and “virtual” 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.

Read more at TriValleyCentral