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Business incubator in Grand Rapids invites locals as partners

Posted at 1:22 PM, Mar 01, 2021
and last updated 2021-03-01 13:22:18-05

GRAND RAPIDS, Mich. — The City of Grand Rapids’ SmartZone Local Development Finance Authority (SmartZone LDFA) is inviting proposals from qualified parties to partner in operating a business incubator.

Funds for this are supported by tax increment revenues generated by properties located within the SmartZone Certified Technology Park.

“The SmartZone incubator programming and facilities serve entrepreneurs from concept to market, supporting all stages of growth,” said Economic Development Director Jeremiah Gracia.

SmartZone LDFA is now accepting submissions. The expected timeline for the process includes:

  • March 1, 2021 – RFP released
  • March 15, 2021– Deadline to submit written questions
  • March 19, 2021 – Responses to RFP questions released
  • March 19 to April 16, 2021 – Blackout period
  • April 16, 2021 – deadline to submit RFP (5 p.m.)
  • Week of April 26 – Finalist interviews
  • May 19, 2021 – Selection announced

More information can be found here.