The Cleveland Citywide Development Corporation (CCDC) is launching NTI’s inaugural retail incubator in the first floor of the Glenville-Circle North mixed-use development located at 1400 East 105th Street.The Incubator will offer: - Specialized coaching assistance: business plan writing, financial literacy, marketing strategy - Below market rent: escalating rent structure with max of $7/ sq. ft - Subsidized tenant buildout: buildout and permanent equipment will be fully financed - Increased marketing exposure: events will be organized to activate the space to bring more customers
Participating businesses will be selected through application process and pitch competitions.
The space will accommodate:ONE ANCHOR TENANT | experienced small business | preferably a restaurant | 1,000 sq.ft | 5- year lease SIX SMALL RETAIL TENANTS | idea stage, or start-ups | retailers, art vendors, food manufacturers, restaurateurs, cosmetologists, and other service providers | 150-200 sq. ft | 2-year lease before relocating to a permanent location
The entrepreneurs, who will not be selected for the Incubator, will be provided with access to additional services from partner organizations, and will receive assistance in finding a suitable retail location if desired.
Program Timeline:November 30, 2018 - Applications Due December 21, 2018 - Candidates will be notified of their selectionWeek of January 21, 2019 - Meet the Contestants and present business modelFebruary - TrainingWeek of February 25, 2019 - Final Pitch Event
If you have any additional information you would like to attach to your application or ask questions regarding the program or the application process, please direct them to Shanelle Johnson at CoreCity@jumpstartinc.org.