Minot’s local business support groups have announced plans to help new owners of growing businesses.
But an increase in activity could also mean an increase in demand for retail space.
Start Minot was created by a coalition of local business support organizations. The goal is to help with new business ideas, new business owners or those looking to grow.
“The approach is to take the side of the community,” said Mary Beth Votava, Minot regional director of the Small Business Development Centers. “And mentoring and fellowship is extremely important for any business owner. Someone or a group of people that you can exchange ideas on.
The Start Up Academy will host three 10-week hands-on courses where business owners learn from guest speakers and experts in the field.
Classes are offered for $ 100 per person for the first year. The organization says similar courses would typically cost over $ 700.
Real estate agent Tim Knutson says he thinks the Start Up Academy is a good idea and that it will eventually benefit real estate agents.
“I think some sort of business incubator would be great because it would help people get their feet in the water and start trying something, their idea, their dream and if it starts to take hold. , 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 real estate agents it will definitely help us. ”
Knutson says he’s seen an increase in demand for commercial properties and has received calls looking for properties that can become a restaurant, radio station, or even a small store.
“It feels like there has been an increase in the need over the last few years actually for people who want to start their own business and are looking to lease space,” Knutson said. “Usually the first step is to want to rent a space before you buy. “
In addition to the Academy, Start Up Minot will be hosting free monthly business networking events open to the public.
The first 10-week course begins on January 13, 2022.