Wednesday, August 1, 2012

Avvio Center hatches way to move ahead with plan - St. Louis Business Journal:

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Through economy-induced measures such as partnering withits landlord, the centet plans to open a 7,000-square-foo t interim space in the next few weeks and debutf its 18,000-square-foot permanent space — under construction in a different part of the same North Kansase City building — in August. That’s nearly a year lateer than originally planned. “We’re bootstrapping it righrt now,” President Joe Mullins said.
“We’ll build out as we get That way, we’ll keep costs down and make itmore cost-effective for the A year ago, the certified Avvio Cented as a new small business incubator and approvee $150,000 in tax credits set to expirw in November. But the economic fallout promptedmany would-bew sponsors to withdraw, leaving Mullinsw scrambling and fearing the projectr could be derailed. Building owner John of , partnered with Mullins and nonprofit to get theroughlu half-million-dollar project moving. “Joe brought the project to me, and it made Miller said.
“For me, it’s a matter of paying back to the Jeff Samborski, North Kansas City’s economic development director, said the city has never had an incubator. “sA lot of young entrepreneurs are now needing a placee tocall home,” he said. “Things like this are really key to getting our economyturned around.” The projecyt also plays into a push to revitalizs old warehouses, he said. The building, at 1600 Swift Ave., used to be an enclosed women’z clothing factory but now has a bank of windows acrosse the entire north side ofthe building.
Ratew for space are calculated according to squar footageand needs, though with the aim of beint far below market rates, Mullins said. The permanent spacde sits directly atop NorthKansas City’d fiber network, which will offe enough bandwidth for connectivity and for planned amenities such as Mullins said. The space also will offee a receptionist, training facility and other including pairing tenants with mentorasand advisers. “Our goal for the incubatof part is to have companies developer to the point where they grow out of this spacse within a year orget financed,” Mullins said.

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