Politics & Government

Grayson Begins Business Incubator Program

With an advance of $15,000 to furnish a building for the project, the City of Grayson set the wheels in motion to begin an innovative business incubator program in the city.

The approved its 2013 budget last week that includes $115,000 to begin a in the city. In fact, the council voted to advance the Grayson Downtown Development Authority $15,000 from the budget immediately in order to furnish the building planned for the project.

Last summer, with money from the 2009 Special Local Options Sales Tax and have been renovating the building ever since. It is now almost ready to go and will house the business incubator program that the DDA has been working on.

Plans are to hire a person to run the program, who - with help from a board - is tasked with home-growing small businesses inside the city.

Find out what's happening in Gwinnettwith free, real-time updates from Patch.

, business incubators are public and/or privately funded programs intended to nurture small businesses usually with an emphasis on assistance of start-up companies. Ideally, the incubator will help small businesses in their establishment and accelerate their growth and success. Local, state and national agencies look for ways to create jobs and stimulate the struggling economy. The National Business Incubation Association (NBIA) reports that the first incubator was founded in 1959 at the Batavia Industrial Center. a type of incubator project with with hopes of growing entrepreneurs right out of school.

Get the full story here on Loganville-Grayson Patch.

Find out what's happening in Gwinnettwith free, real-time updates from Patch.

 


Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.

We’ve removed the ability to reply as we work to make improvements. Learn more here