- Wisconsin has more than 35 business incubators.
They provide a low cost solution for start-up companies or expanding businesses.
A new one in Vilas County will open its doors in a few weeks.
The Vilas County Economic Development Corporation launched this program a few months ago.
The hope is to entice businesses to expand throughout the North.
"We have gallons of sweat equity in this," VCEDC Executive Director Ken Stubbe says.
Stubbe is putting on the finishing touches on Vilas County's new business incubator.
"There needs to be places for businesses to grow," Stubbe says. "There are a lot of entrepreneurs here. When somebody is trying a new business, a new market and they don't quite have that market developed yet, it's tough to pay rent, it's tough to pay debt service."
"We're only going to keep them here a couple years at the most," Stubbe says. "Then we want them to go out and buy their own building or rent a building from someone who owns a building.
Two businesses are in offices already.
Chris Gaffron owns Stitch It!. Her business outgrew her house.
"Work will be done in here," Gaffron says. "My machines will all be in here come September. It's also a great location with the traffic. Hopefully it will get more businesses in here that I can do the embroidery."
Also a great fit for Greg Jens who works for Alpha Neonx Sign & Lighting out of Wauwatosa.
"We're going to be here for at least a year, with the option for two years," Jens explains.
Jens plans to open a manufacturing facility in the Northwoods. The incubator makes it possible sooner rather than later.
"We're going to get the visibility and we'll have the prime location for walk-in customers. That's something I had not envisioned, but it should certainly help our business. Having this location and falling into this situation with the incubator, that was just icing on the cake."
The Vilas County EDC will have a grand opening August 4 from 11:00 am to 2:00 pm.
Vilas County Economic Development Corp.