SAGINAW, MI -- A new work space to help entrepreneurs turn their ideas into a business is coming to downtown Saginaw.
Central Michigan University Research Corp. offered a sneak peek of its new location to media, stakeholders and community leaders on Tuesday, Aug. 28.
The office center is located at SVRC Marketplace, 203 S. Washington Ave., and features an open floor plan for offices, coworking space and conference rooms available to entrepreneurs, small businesses and corporations. The office space on the second floor is the former newsroom of The Saginaw News.
The Saginaw Riverfront office is the business incubator's third location. CMURC, which is headquartered in Mount Pleasant, opened its second location in the Uptown Bay City development last year.
"CMURC is a nonprofit, regional co-working space with accelerator programs focused on strategic development for entrepreneurs to positively impact the Great Lakes Bay Region," said Erin Strang, CMURC president and CEO.
The Saginaw location has a 10,000-square-foot space featuring modern designs and decor, several office/desks layouts and "interview booths" for meetings. Nestled at one end of the office is an exercise area equipped with two treadmills and an under the desk exercise bike that allows you to work, while working out. Another highlight is a bar, which will be the welcoming space for entrepreneurs to pick each other's brains for new ideas.
More private offices pay homage to Saginaw with signage that displays history such as "Beans", "Newsroom", "Old Town" and "I-675."
Bringing the co-working space to Saginaw is one of strategic goals to spark economic development in the city, said Dean Emerson, CEO for SVRC industries.
In 2017, the organization served over 300 companies, which helped to create 39 companies and 174 new jobs and $4,659,101 in investments, according to a 2017 CMURC impact report.
The addition joins nearly 40 other businesses in the Marketplace including eateries, craft vendors, Spence Brothers Construction, Miller's Tap Room and Wine Bar and a Frankenmuth Credit Union branch.
Entrepreneurs can get involved with a monthly membership. A basic membership that provides 24/7 access to at one location runs $150 per month. A regional membership for the traveling entrepreneur offers a dedicated desk, mailbox and storage at one location and 24/7 access at all locations. The private membership is $500 and it comes with a lockable office, mailbox and storage at one location and 24/7 access to all locations. A day pass is also available for $15.
The organization also offers "community perks", designed to help brainstorm ideas, network with other entrepreneurs and unwind. One of the most popular community perks is beer:30, which takes place on Thursdays. Participants bring a beer or drink of their choice to share and connect in an informal setting.
CMURC in Saginaw is slated to open to the public Tuesday, Sept. 4, pending final inspections.
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