The Hatchery – Business Incubator

The Hatchery is a “business incubator” for start-up and expansion of small businesses in Wakefield.  The primary benefit of The Hatchery is to provide a low-rent option for entrepreneurs or expansion of an existing small business without the capital outlay for purchasing real estate.

The business incubator space is meant to be used on a short-term basis.  It is expected that after two years, the business should be able to determine if the operation is viable and be looking for a permanent location.  If the need should arise to stay longer than two years, the business owner would be required to submit a request in writing explaining the need.

Rental rate is based on square footage of the space and length of lease:

First Year:  $0.25/square foot

Second Year:  $0.30/square foot

If there is need for a third year:  $0.35/square foot

To apply for a space, contact the Wakefield City Office.  An application must be completed and a business plan submitted.

  • 552 square feet of adaptable space for any type of business.
  • Large front windows that face East 3rd Street.
  • Ample on street parking right outside your door.

 

Industrial Park

The Wakefield Industrial Park, owned by the City of Wakefield, is located along Highway 35 in the southeast quadrant of Wakefield.  East 7th Street borders the north side of the Industrial Park and East 10th Street borders the south,  giving you two options for traffic to access the property.  Cottonwood Street provides easy access to the lots located in Blocks 3 and 4.

The Industrial Park is in the city limits of Wakefield, with the highway frontage zoned for commercial use and the remaining lots zoned for light industrial.  The entire Industrial Park is eligible for TIF financing. Utilities are on-site or just adjacent along the north side of East 7th Street.

For more information call 402-287-2080.

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