Federal funds hasten small-business incubator

Federal funds hasten small-business incubator

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 US 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.

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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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