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EDC coordinator outlines incubator services and upcoming grant plans
Summary
EDC coordinator Adam LaMore described an incubator at LCO University offering free technical assistance for startups, Timber Marine Services’ grand opening, and plans to apply for several grants including a Wisconsin Economic Development Corp. small-business development grant ($50,000–$250,000).
Adam LaMore, Sawyer County’s economic development coordinator, updated the committee on the EDC’s work to support local business formation and funding. LaMore said the EDC is emphasizing feasibility studies to help organizations qualify for grants and highlighted an incubator located at LCO University that offers free technical assistance on business plans, marketing and funding. He said staff will be available Tuesdays and Thursdays from 4 p.m. to 6 p.m. to provide consultations.
LaMore said the EDC currently has a consultant working with three businesses and that the organization hosts social events to promote startups; he cited the recent grand opening for Timber Marine Services and said another open house is planned at month’s end. He also said the EDC has secured sponsorship commitments from Enbridge and “Arkland” to support operations, noting that funding checks sometimes take time to process.
On grant opportunities, LaMore said he will submit applications to multiple programs, including a Wisconsin Economic Development Corporation small-business development grant with an award range he gave as $50,000 to $250,000 if awarded; he said that money could be used for matching funds or for loans to help new businesses. LaMore encouraged business owners to contact him directly for assistance and provided phone contact on the record.
Next steps: LaMore said September will be a busy month for grant writing and that the EDC will continue outreach to entrepreneurs and coordinate incubator services.
