Federal funds hasten small-business incubator

Federal funds hasten small-business incubator

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  • September 23, 2022
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Empty storefronts line the western end of the 100 block of Broad Street in Augusta, Sept. 22, 2022. A proposed "microenterprise center" for downtown is being touted as a new resource not only to start new small businesses but to keep them alive.

The timetable to establish a proposed center to nurture new downtown Augusta businesses has shrunk from years to months after the plan won $2.35 million in federal funding to be released in early 2023. 

Small-business creation surged nationwide during the COVID-19 pandemic, according to the U.S. Bureau of Labor Statistics. Now, local leaders want to keep that momentum going. 

Community stakeholders in the center are expected to meet “in the next week or so” to help chart the direction and scope of the project, according to Margaret Woodard, executive director of the Downtown Development Authority of Augusta. 

Downtown Augusta: A look at the journey of resiliency in 2020

Take a look:Downtown Augusta poised to grow once pandemic passes

The center will be established in partnership with Augusta Technical College, which is seeking a suitable building on Broad Street to open the center. 

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