Expanding Opportunities for Entrepreneurs through Incubation

Organization:
Scotland County Economic Development Corporation
Amount:
$200,000.00
Program Area:
Open Grants Program
County of Applicant:
Scotland
Description:

The purpose of this grant is to provide funding to the Scotland County Economic Development Corporation (SCEDC) to construct a new business incubator facility.The facility with focus on manufacturing businesses.The SCEDC has secured $800,000 in funding from the U.S. Economic Development Administration for the business incubator.Businesses that participate in the incubator program would locate their start-up or expanding manufacturing operation in the incubator building and develop and grow their operation for a period of 3-5 years, when typically, they will move to a larger building and expand their workforce.This project will also complement the local entrepreneurship training that will begin in conjunction with the incubator space construction.

Contact:
Mr. Mark Ward PO Box 489 16800-A US Hwy 401 Bypass Laurinburg, North Carolina 28353 (910) 266-4326
Areas Served:
Scotland

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