The Warsaw Town Council plans to attract small businesses with a grant that offers one year of free rent to business owners who move in or expand within town.
The Economic Incentive Program, as the initiative is called, has two goals—to help small businesses get established or grow and to fill vacant storefronts.
Business owners who want to participate must be willing to sign a three-year lease. Since a company’s first year is often a difficult time, the Town Council is hoping business owners will be drawn to the prospect of only needing to cover their water and electric for the first 12 months. After that, the town will work to help establish rent at a rate that’s good for the business owner and for the property owner, said Joseph Quesenberry, Town Manager.
Any type of small businesses can apply for the grant but those that are “valued-added,” will score higher. And value-added businesses are “those that we say we don’t have enough of in town,” explained Quesenberry. “A restaurant would probably score very, very high. Retail would score relatively high. We get a lot of public requests for more shopping and more dining.”
For the full article pick up a copy of this week Northern Neck News 9/5/18