Industrial Co-op

When the investors first looked at an abandoned factory in town they were hesitant to put any money into it. It had broken windows, and outdated electrical and plumbing network and even needed aspectus abatement.  They challenged their development crew to come up with possibilities for the space. What they came up with was perfect. The space would be developed to give small businesses a usable production area that they could lease instead of purchase.  Owning a brick and mortar building means that you are responsible for taxes, building maintenance, and a mortgage payment. This plan meant that, although there would a significant investment to bring the space around, the expenses would be recouped  quickly by collecting rental fees. They even planned on having some retail space for the companies to sell their creations. Before they even began work they had commitments from several businesses in the area. Sometimes it just takes vision and a leap of faith when trying to find the right solution.  Developing a business friendly environment where startups and small industry can thrive can be very successful. When leasing the space you can ensure that your income will cover any expenses and put dollars into your pocket too. This trend is growing nationwide and some of these spaces are simply amazing.  If you are on the side of the small business owner, check out your area to see what possibilities are available. Some even offer shared spaces that will allow you to split the cost if you only need the space part time. It can really be the most cost effective way to operate your business if you are not ready to have a building of your own.