- Published: 27 June 2017 27 June 2017
DeSoto, TX - The Grow DeSoto Business Incubator is a 26,000 square foot retail building located in the Brookhollow Shopping Center in DeSoto, TX. This building once housed ACE Hardware as its anchor tenant for many years. After ACE Hardware left in 2015, a value retail chain tried to secure the space with a 10-year lease. The Mayor and City Manager of DeSoto had another vision for the shopping center. They envisioned creating a space that would assist small business owners with establishing viable businesses, while providing a unique retail environment for the community.
The DeSoto Economic Development Corporation reached out to Monty Anderson, owner of the Brookhollow Shopping Center, to brainstorm possible ways to re-purpose the space. The idea that stemmed from this partnership was a small business incubator to address the needs of new and developing businesses. The incubator will contain a variety of restaurants, retail spaces, and a shared workspace. Food trailers will also be stationed in the parking lot of the shopping center for patrons to enjoy.
Mr. Anderson previously completed another suburban renewal project in Dallas very similar to the small business incubator with great success. However, the small business incubator located in DeSoto, TX is the first of its kind in the best Southwest region of the Metroplex.
Many small businesses need a lower entry to market. They may not have the funds to get a business loan, the credit to secure a long-term lease, or the operational background to run a successful business. The incubator is being completely renovated and will be divided into spaces raging from 200-800 square feet, thereby allowing smaller businesses to acquire the square footage that is right for them at a reduced rental rate. All bills are included in the rent payment providing convenience & upfront cost predictability to the business owner.
Ongoing business training and access to business loans will also be provided. An open-air, mall environment will attract patrons for various reasons and create a consistent flow of foot traffic for the businesses located within the incubator.
Its close proximity to I-35 and I-20 will also allow people from surrounding areas to easily access the shopping center. The shared workspace concept included in the incubator serves to attract business professionals who want to rent desk space for a reasonable price instead of the more costly option of leasing an entire office. These individuals typically work from home and desire the perks of an office space without the additional overhead that comes along with it.
The Grow DeSoto Business Incubator is scheduled to open this summer.
Currently, 50% of space within the facility has been pre-leased to a variety of small businesses ranging from restaurants to a full-service barber shop. The DeSoto Chamber of Commerce will also have a presence inside the incubator.
THIS SECTION OF THE BEST SOUTHWEST WEBSITE WILL BE DEVOTED TO THE “GROW DESOTO BUSINESS INCUBATOR”. We will publish the business profile of each approved participants.Add a comment
Incubator hopes to lure businesses to DeSoto
- Published: 10 June 2017 10 June 2017
DeSoto, TX - DeSoto was growing and has the wealthiest African American community in the state, but economic development has been slow over the years. City leaders say that's about to change.Add a comment
DeSoto Transforming Hardware Store into Entrepreneurial Haven
- Published: 09 May 2017 09 May 2017
DeSoto, TX - The city is teaming up with developer Monte Anderson to bring new life to the Brookhollow Shopping Center with a business incubator — and entrepreneurs can win space via a pitch event.Add a comment
Grow Desoto: Entrepreneur Pitch Day Aims To Find Local Entrepreneurs For A New Business Incubator Opening In Summer 2017
- Published: 08 May 2017 08 May 2017