NewBo City Market recently launched The Hatchery, a new entrepreneurial development program for minority business owners.
The new program helps underserved residents of our local community who want to start a food or retail business by reducing barriers to entry and giving them the tools with which to thrive within an entrepreneurial setting. It is an expansion of the NewBo City Market’s ongoing efforts to help small, locally-owned, local product-based businesses get their start and expand out into the community.
Grants are available for participants of the program and are received in the form of a rent discount for participants who become shopkeepers at NewBo City Market.
Julie Parisi, Director of NewBo City Market Operations, said she developed the Hatchery program with the hopes of reducing the barriers to entry that many local entrepreneurs face and of further diversifying the businesses that operate in NewBo City Market.
“We want this to be the beginning of a renaissance for NewBo City Market,” she said in an announcement. “And we are so excited to help local small businesses continue to grow.”