Stafford County wants to give entrepreneurs a place to work, and to hire a new director to oversee an new business incubator.
County officials want to invest $385,000 in a new coworking space at Quantico Corporate Center, dubbed “Tech Park,” to house start-up businesses. It’s part of an ongoing effort dating back to 2010 where George Mason and Mary Washington universities, and Germanna Community College signed an MOU to explore the possibilities of classes, services, research, and economic development to what is today known as the Stafford Technology and Research Park located in the corporate center.
Based on findings included in the Tech Park Strategic Plan, staff determined that the next logical step includes the creation of a coworking space to accommodate the space needs of new small business entrepreneurs, to hire a part-time executive director to advance the Tech Park’s initiatives, and to locate today’s Center with the coworking space under one roof.
-Stafford County documents
The incubator space will be 5,500 square feet of space inside Building 1000 at Quantico Corporate Center. A new part-time director will be hired and paid an annual $90,000 salary, and will oversee and recruit new talent to the center.
County officials state the new center would break even in the fourth year of operation, and should be profitable by the fifth year. The county will dole out two payments of $192,500 over the next two years to fund he center.
The Stafford County Board of Supervisors will take up the matter at its 3 p.m. Tuesday meeting at the county government center, located at 1300 Courthouse Road in Stafford.
