What’s in a Name? The Different Types of Shared Work Spaces

We’ve all heard buzzwords such as incubators, co-working spaces and maker spaces. As the number of people working in the “gig” economy continues to grow, so will the places that support that industry. But what’s the difference in these spaces, and what do they provide not only to the entrepreneurs that use them, but the community as a whole? Over the next few weeks, we will discuss several different types of shared working spaces beginning with an overview of the most popular types.

Incubators – Incubators specialize in growing new and early-stage businesses. They typically provide resources like office space, legal counsel, accounting and other business guidance, possibly even funding opportunities. The types of incubators vary greatly from office/service-oriented businesses to high tech. There are examples of incubators in Franklin, Lynchburg and Norton.

Accelerators – Accelerator programs are more geared towards rapid-growth companies. Most involve a “cohort” of companies that have applied to the accelerator program, and the idea is to “accelerate” the companies to market within a three- to six-month period. Roanoke and Hampton both have great examples.

Coworking space – There are an estimated 10,000 co-working spaces in the United States. The co-working space allows entrepreneurs and “gig economy” workers to join together in a low-cost space instead of working in isolation. These spaces typically offer other services such as networking events, mentoring and learning opportunities, and the opportunity to develop partnerships with other businesses. Richmond and Harrisonburg have really been at the forefront of coworking.

Maker space – A maker space is a collaborative workspace that includes a variety of maker tools such as 3-D printers, laser cutters, letter presses, CNC machines, computers and other equipment. Maker spaces typically charge a monthly fee to members and are created for those who are creating products or who would like to learn how to “make” items. Next time you are in Lexington or Staunton, check out these great examples!

Stay tuned for more in-depth discussion about each type of shared workspace, including best practices, in upcoming posts.

Bricks & Clicks Make Businesses Stronger Destinations

On May 2, during National Small Business Week, the city of Harrisonburg  awarded $36,700 in grants to small businesses in Harrisonburg and Rockingham County. 

Grant awards range from $1,200 to $4,900 and are the final portion of a three-pronged small business assistance program called Bricks & Clicks, which was designed to help businesses become stronger bricks-and-mortar destinations complemented with stronger websites and digital marketing.

Bricks & Clicks was developed by the city of Harrisonburg, Harrisonburg Downtown Renaissance, Rockingham County, James Madison University and the Shenandoah Valley Small Business Development Center, and it was made possible by a $40,000 Building Entrepreneurial Economies grant through the Virginia Department of Housing and Community Development.

The program offered businesses in Harrisonburg and Rockingham County an opportunity to learn about small business destination marketing from a national expert through a low-cost workshop, technical assistance from local marketing and visual design experts and grants of up to $5,000.  The grant awards are positioned to bring more than $70,000 worth of investment into making the selected businesses more competitive and profitable through e-commerce tools, improved websites, strategic marketing campaigns and on-site attractions.

Congratulations to the entrepreneurs and community partners!  Learn more about Bricks and Clicks here >>>

Harrisonburg Downtown Renaissance will host Virginia Main Street’s Downtown Intersections on July 16-18, 2018. 

withSimplicity, a Bricks & Clicks grant recipient

What are you doing this weekend? Spend it on Main Street!

The weather is starting to turn the corner from Winter to Spring (right? please?) and you might find yourself struck with spring fever! So what’s the cure? A day trip to one of Virginia’s beautiful Main Streets! There is literally something for everyone happening around the state, and here is a sampling of what is going on this weekend on Main Street…

Thursday, March 8th

Friday, March 9th

  • Start you weekend with a trip to Manassas to see a performance of Swan Lake.
  • Inspired to dance yourself? Head to Bristol and join the Bristol Ballet for Latin and ballroom dance lessons!

Saturday, March 10th 

Sunday, March 11th

or..Restaurant Week!

Save the Date! Downtown Intersections 2018

VMS-intersection-final

 

 

The District Digest Vol. 3 – Downtown Ideas to Put to Work

Virginia Main Street staff spends a lot of time on the road. One trip might take you from Richmond to Berryville to Bristol – all in one day (true story). That is a lot of miles logged and a lot of down time behind the wheel. How do we stay awake, and maybe even spend the time productively? Podcasts!

There are podcasts for every interest that will inspire, educate, and entertain. Here are a few essentials for nonprofits, leadership, and entrepreneurs that Main Streeters will love!

  1. The Harvard Business Review IdeaCast is a “weekly podcast featuring the leading thinkers in business and management.” Don’t be intimidated by the Harvard part, or thrown by the Business part. There is something here for everyone interested in personal and professional development.
  2. Hosted by Dr. Rob Harter, the NonProfit Leadership Podcast features strategies and stories from seasoned nonprofit professionals. Check out the episode with the Fundraising Coach!
  3. Classy is quickly becoming a go-to in the nonprofit world, with practical guides and resources for Social Media Marketing and Successful Fundraisers, and their podcast is another great offering. It is billed as “Stories of People Who Stand for Something” and focuses on the stories of nonprofit executives who are driving change.
  4. The Main Street Entrepreneur will help you to understand your small businesses and help you think entrepreneurially as well. Topics include “Develop Your Supporting Cast” and “Maximize All Available Resources.”
  5. Talking About Cities “unearths innovative ideas for making cities successful” and comes to us from the Kresge Foundation, whose mission is Expanding Opportunities in America’s Cities.

And don’t miss Main Street America’s CEO Patrice Frey talking to Larry Lucas on “Refreshing Main Street!”

Do you have a podcast that inspires you in your community revitalization work? One that has provided valuable guidance for your organization, or inspiration for your programming? Let us know!

Virginia is for Entrepreneurs!

Governor McAuliffe and Senator Warner recently announced a new initiative to match Virginia entrepreneurs with investors, called “Virginia is for Entrepreneurs” (VA4E). This initiative includes a new website (va4e.org) that includes a standardized online application to better link entrepreneurs with more than 50 investment firms and potential funders to help launch or grow their Virginia-based businesses.

Any Virginia business can join the network, whether it is a farmer in Southwest Virginia or a high-tech startup in Northern Virginia. The network will provide resources and connect them with investors looking for opportunities to fund businesses across regions, backgrounds, and industries.

Interested investors can also join at the website, which will connect them with other like-minded investors, as well as provide them with opportunities to support entrepreneurs. Partners in the network include a number of universities, angel investment groups, venture funds, and statewide organizations.

According to Governor McAuliffe, “the Virginia is for Entrepreneurs initiative will open new doors for local start-ups by increasing access to the capital they need to thrive and create good-paying jobs.”

View the governor’s press release regarding this initiative here.

BEE Innovation Day 2017

The Virginia Department of Housing and Community Development (DHCD) will be holding a Building Entrepreneurial Economies (BEE) Innovation Day on Wednesday, December 6, in Charlottesville, VA. Community leaders and small business enthusiasts will discuss innovative ideas in entrepreneurship development, as well as offer inspiration and education to plan for and create a vibrant entrepreneurial ecosystem in their communities.

Our panel of experts and educational topics include:

  • Trends in Entrepreneurship – Mike Lenox, The Darden School, UVA
  • Building Partnerships for an Entrepreneurial Ecosystem – Annette Patterson, The Advancement Foundation
  • Thinking Entrepreneurially both Internally and Externally – Martin Kaszubowski, The Center for Enterprise Innovation, ODU
  • Resources for Entrepreneurs – David Touve, i.Lab at UVA
  • The Gig Economy: The Next Generation of Work – Larkin Garbee, 804RVA

Attendees will have the opportunity to discuss various aspects of DHCD’s Building Entrepreneurial Economies (BEE) and Community Business Launch (CBL) programs with some our past grantees, and to tour the i.Lab facility at UVA.

Register here for the event.