Federal funds hasten small-business incubator

The timeline to establish a proposed center to support new businesses in downtown Augusta has gone from years to months after the plan secured $2.35 million in federal funding to be released in early 2023 .

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

According to Margaret Woodard, executive director of Augusta’s Downtown Development Authority, community stakeholders at the center are expected to meet “within the next week” to help set the direction and scope of the project.

Downtown Augusta: A look at the resilience journey in 2020

Looked:Downtown Augusta expected to expand 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 centre.

Leave a Comment