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Four Regional Business Incubators receive Funding from LEAP

Thursday, August 7, 2014   (0 Comments)
Posted by: Michelle Rahl
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FOR IMMEDIATE RELEASE

                August 7, 2014

CONTACT: Sara Graham, LEAP
(517) 702-3387 x 209 office

(517) 897-1678 mobile

 

Four Regional Business Incubators receive Funding from LEAP
$16,000 is granted to the regional incubators to support programming

LANSING, MI – Today it was announced that four of the region’s incubators will receive grant funding from LEAP’s New Economy Division. Earlier this year, business incubators were asked to submit proposals to receive funding to better align themselves under one curriculum model. The chosen incubators have been awarded $4,000 to support unique programming, off set costs for operation, or to purchase equipment.

The awarded incubators are the Allen Marketplace, an ag-based incubator located on the Eastside of Lansing, Incu-Bake, a food product incubator located in Delhi Township, the MARC (Meridian Area Resource Center), a small business incubator located in Meridian Township and the NEO Center, private small business incubator in North Lansing. Each have completed a memoradum of understanding to solidify the adoption of best practices in business incubation to ensure long term sustainability of all of the incubators within the Lansing region.

“Each incubator is unique and offers a plethora of support resources to their tenants. We want to make sure these incubators continue on their trajectories for success and provide them support where they feel they need it,” said Quin Stinchfield, Business Incubation Manager for LEAP.

“Our international Lansing region continues to rapidly build a brand new, entrepreneurial, and business startup culture. This is the number one way to convince younger talent, especially that of Michigan State University, that our region is the kind of creative, fun metropolitan climate they seek,” said Bob Trezise, President and CEO of LEAP. “Support of our incubators is one key piece to a very big puzzle.”

This LEAP grant is ongoing and new grants will be available each fiscal year. The grants come from investors in LEAP. A small group of business leaders have formed the Regional Incubation Network Steering Committee and will continue to develop the RIN with in depth incubation leadership participation.

A press event will be held at the LEAP Offices, 1000 South Washington Avenue, Suite 201 at 10:30 a.m. on Thursday, August 7, 2014.

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The Lansing Economic Area Partnership (LEAP) is a coalition of area leaders committed to building a prosperous and vibrant region where business can thrive. To do this, we help entrepreneurs start new businesses, help existing businesses grow, and attract new businesses to the region. For more information about LEAP, please visit www.purelansing.com


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