Yesterday, Tuesday, 20 March 2018, our action group had our first meeting following the Knowledge Park Action Plan unveiling three weeks ago. We had a great showing of local business leaders and discussed how the city can best foster business growth.
The primary topic that was discussed is establishing a shallow fund through RHEDC that can help startups get through funding gaps and to help match state allocated funds to help other businesses relocate to Knowledge Park. Attendees discussed different ways they've seen funds like this establish and its levels of success and failure as well as how it could fit into Knowledge Park. There are multiple ways we could see this fund help our local startups. The fund would be shallow with the intention of helping businesses with funding gaps they can run into when they just start out.
The group is going to spend the time until the next meeting learning more about this revolving loan fund and how it could be effectively created and implemented in the community. The next meeting will kick off with this topic and then determining what other actions we think are necessary for job and business growth in Knowledge Park. The next meeting is scheduled to be at the Technology Incubator on Tuesday, 17 April 2018, at 3:00 PM and will end promptly at 4:00PM.