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Program History


 

Developed in the early 1980’s, the Albion business incubator has hosted dozens of young companies and initial ventures that have developed into successful businesses.

Throughout the 1980’s and early 1990’s, many businesses grew out of and left the confines of the incubator to become integrated into the Albion industrial sector, providing jobs while providing a strong economic base for the community.

A variety of companies were developed in the incubator until the early 1990’s when it was exclusively leased by a single tenant until the end of 2001.

With the end of the lease, the Albion Economic Development Corporation is now looking for more companies to bring into the incubator. Designed to help new businesses grow and develop in the Albion area, the Albion EDC provides businesses a place to get started at a relatively low cost. It is the hope that businesses will “graduate” into the community within three to five years and then we can repeat the process with another young business.

We help this process by offering flexible lease space with the ability to enlarge or reduce square footage based upon the tenant’s needs. We can provide for growing needs by opening additional bays or by resizing the bay that the business occupies.