Incubation Program
Incubation, as we use the term, involves being actively engaged in counseling with a business coach, such as those provided by the Idaho Small Business Development Center (ISBDC) or SCORE. Both are available without cost to the client. Incubation usually includes the business locating at the Bonner Business Center.
Participation in the incubator program is typically a 2-3 year program. Rental rates are designed to be on a par with commercial rates during the second year of the program. The first year is offered at a 10% discount, and the third year is 10% above the second year. The rate structure for a tenant is established for three years as the prevailing rate schedule at the time they join the incubator program, even if they move from one space to another, or take on additional space.
Admission to the incubator program is subject to the availability of space and approval by Planning Director.
Candidates fill out a detailed application, sign releases for credit and background checks and provide a business plan to acquaint BBC staff with the anticipated business. In most cases, the staff or members of the Board will interview the applicant.
If an applicant doesn’t have a business plan developed, we can help. Check the templates provided by SCORE here.
Preference is given to companies who have the potential for creating permanent, good-paying jobs, and who market products or services outside the local region, thereby bringing new money into the area.
The application forms may be downloaded here.
- BBC Application Form – includes the required Credit/Background Check Authorization
- Credit Report/Background Check Authorization – single page for additional partners or corporate officers
- BBC Expectations – a summary of the main points of the incubator program
- Current Rental Rates – The current rate sheet for space and kitchen usage.
To download the free Adobe Acrobat Reader, click here.
