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News Eagle - Hawley, PA
  • Six months free rent available for local business

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  • MILFORD - Economic struggles of recent years have hit most everybody in one way or another, but perhaps
    hardest hit are small business owners in small towns. This can be discouraging, but there are still
    opportunities for success, and if you are thinking of opening a new business, relocating a business
    or expanding a business in Milford, this may be your chance to tip the scales of success in your
    favor.
    A grant of up to six months free rent in a specific Milford location is being offered through
    the generosity of a successful business owner and will be administered through The Small Business
    Development Center of Scranton University. Only one successful applicant will be awarded the
    grant. The location is within the Old Lumberyard Shoppes Plaza on Seventh Street in Milford.
    Applications will be evaluated based on the business owner’s experience in his or her given field,
    the type of business proposed and how well it compliments neighboring businesses, as well as the
    business owner’s financial stability. Only one applicant will be awarded the rental grant, which
    requires a minimum of a three year lease commitment. Other restrictions and requirements may
    apply.
    The proposed business venture may be retail or professional. The space being offered is
    approximately 1700 square feet and will rent at $1,700 monthly after the 6-month free rent offer
    expires.
    The complete application packet will include:
    1. A 3-5 page business plan narrative
    2. 3 year financial projections ( Income/Expense and Cash Flow)
    3. 2 years tax returns
    4. Personal financial statement
    5. Rental application (credit check is required).
    If selected, recipient will agree to work with a University of Scranton Small Business Center
    consultant. This service is free of charge. Visit their website to learn more www.scrantonsbdc.com.
    Any type of business is eligible to participate, however the owner is especially focused on a
    business with a good fit in the plaza and Milford.
    Interested entrepreneurs should contact Donna Simpson at the Small Business Development Center
    for application information by email at donna.simpson@scranton.edu.

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