Tremont West Development Corporation has launched a new Storefront Incubator program that aims to help pop-up shops and startup businesses grow into permanent, bricks-and-mortar retailers, ideally right in the heart of historic Tremont.

Through a competitive process, Tremont West will select a fledgling retailer to occupy the 370-square-foot storefront it owns at 2406 Professor. The retailer will be offered three months of free rent as a sweetener. After the nine month lease term, the startup may renew for an additional three months, yet the goal is to help that business establish a permanent space elsewhere in the neighborhood.

"We've used our storefront successfully for pop-up shops, so this is really for someone of that quality who wants a longer-term run to see if their business is actually viable," says Cory Riordan, Executive Director of Tremont West.

As part of the lease agreement, Tremont West plans to work with the startup to help them grow their business. The nonprofit will links entrepreneurs with available financing, vacant space and other businesses in the community.

The long-term goal is not to compete with existing property owners, but to support new types of businesses, says Riordan. He cites service-oriented businesses as one gap within the neighborhood's retail mix.

Riordan says that supporting small startup retailers is one positive way forward for neighborhoods that are slowly emerging from the recession. "We can help create niche businesses that lead to neighborhood recovery."

Responses to the Storefront Incubator RFP are due by Friday, March 16th.

Source: Cory Riordan
Writer: Lee Chilcote