CLEVELAND – Small businesses have ten days left to apply for a spot in an innovative venture on Cleveland’s east side called “The BoxSpot.”
The two-story shopping plaza will be made out of converted shipping containers on the corner of E. 81st and Kinsman, one of the city’s most under-invested neighborhoods.
Only six spaces are available and already, more than 50 applications have been submitted. The proposed businesses range from hair and nail salons to candy and clothing shops.
One of the biggest selling points?
Rent and utilities will run small businesses $450 per month.
“We intentionally made it that affordable because we recognize that for micro-enterprises to grow, the occupancy cost has to be at a minimum,” said Timothy Tramble, executive director for Burten, Bell, Carr Development, the community group behind the project.
The BoxSpot is not meant to act as a business incubator, Tramble said, but rather to encourage long-term investment for small businesses looking for a retail space.
Applications are due Nov. 30. Tramble said they hope to have the BoxSpot up and running by summer 2018.
READ MORE: News5Cleveland.com
Article Courtesy of WEWS News 5 Cleveland
Picture Courtesy of Alan Copson and Getty Images