Federal funds hasten small-business incubator

The timeline for establishing a proposed center to encourage new businesses in downtown Augusta has shrunk from years to months after the plan received $2.35 million in federal funding to be released in early 2023.

According to the US Bureau of Labor Statistics, small business creation surged across the country during the COVID-19 pandemic. Now local leaders want to keep that momentum going.

According to Margaret Woodard, executive director of Augusta’s Downtown Development Authority, community stakeholders at the center are scheduled to meet “in the next week or so” to determine the direction and scope of the project.

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The center is being built in partnership with Augusta Technical College, who are seeking a suitable building on Broad Street to open the centre.

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