Local business support groups in Minot have announced their plans to help new and growing business owners.
But an increase in activity could also mean an increase in demand for commercial space.
Minot Startup was created by a coalition of local business support organisations. The goal is to help with new business ideas, new business owners or those looking to grow.
“The approach to this is to take the side of the community,” said Mary Beth Votava, Minot’s regional director of small business development centers. “And mentorship and camaraderie is something extremely important for any business owner. Someone or group of people you can brainstorm ideas with. »
The Start Up Academy will host three 10-week hands-on courses where business owners will learn from guest speakers and field experts.
Classes are offered for $100 per person for the first year. The organization says similar courses would typically cost upwards of $700.
Realtor Tim Knutson says he thinks the Start Up Academy is a good idea and will eventually benefit realtors.
“I think some sort of business incubator would be great because it’s going to help people get their feet wet and start trying something, their idea, their dream and if it starts to pick up steam then they’re going to start looking for something more permanent,” Knutson said. “The permanent location will benefit them in the long run, so I think as realtors it’s definitely going to help us.”
Knutson says he has seen an increase in demand for commercial properties and has received calls looking for properties that could become a restaurant, radio station or even a small store.
“It looks like there’s been an increase in need over the last few years actually, of people looking to start their own business and rent space,” Knutson said. “Usually the first step is that they want to rent a space before they buy.”
In addition to the Academy, Start Up Minot will host free monthly business networking events open to the public.
The first 10-week course begins on January 13, 2022.