The NewBo City Market is close to finishing the renovations of its vacant vendor spaces in order to make room for new incoming Shopkeepers. New entrepreneurs will be occupying these spaces this spring and summer.
Since the announcement of The Hatchery program, which helps underserved entrepreneurs by reducing barriers to entry, the Market has experienced a surge of interest in its spaces from aspiring business owners in the community.
The Hatchery is an expansion of the Market’s ongoing efforts to help small, locally-owned, local product-based businesses get their start and expand out into the community. The space renovations are another way for the Market to provide these business owners with a clean slate.
"Despite, or because of, the effects the pandemic has had on the economy, interest in starting a business at the Market has been very high," said NewBo City Market Executive Director Scott Kruger. "The negative effects of the pandemic can be seen in the empty spaces once occupied by growing businesses. However, they will be filled with new Shopkeepers fulfilling their dream of owning their own businesses much sooner than we could have hoped."
Walls are going up and the renovations should be finished in early April, just in time to welcome the Tiny Yard Shop to the Market's Shopkeeper family.
"NewBo City Market is in its ninth year of helping entrepreneurs get their small local businesses started. In that time, we have been home to over 60 start-up businesses, not to mention a couple of floods and a derecho. As you can imagine, that has caused a great deal of wear and tear on our old building. Renovating our Shopkeeper spaces is a necessary and important step to create a home for today's new small business owners. The Market is removing a big barrier so our new entrepreneurs need not worry about construction and electrician costs and focus on their products, business plans, and making a home at the Market." Kruger said.
"We are excited to see these spaces becoming the foundation of both our Shopkeepers' small business dreams and of our recovering and growing local small business community."
These renovations are made possible by individual donations from the Market's supporters. To donate to this specific project visit our fundraiser on Facebook or become a Friend of the Market on Donorbox.