Town gives $65K toward job incubator
Tuesday night the Town of Wake Forest took a significant step toward revitalizing the South White Street downtown by providing an affordable incubator for new businesses called Loading Dock Wake Forest. The town is providing $65,000 from the Wake Forest Business and Industry Partnership funds without touching the Futures Fund. Loading Dock’s founder and CEO Philip Freeman has arranged for a long-term lease of the former Holding Cotton Company warehouse and office with two acres of land at 525 South White Street now owned by Elizabeth and Bob Johnson. The $65,000 will go toward the pre-paid rent and the services Loading Dock will provide to WFBIP, which include two five-person private offices and 10 memberships that can be made available to future entrepreneurs, as well as training rooms and event spaces and co-branding of programming and events. The memberships, renewed monthly, are offered at a number of price and service