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Non-Profit Gets Grants To Provide Shared Office Space For Entrepreneurs


Nikki Peele
The DC Hive
Affinity Lab

  Interview Highlights

  • She works for Arch Development Corporation.
  • This organization's mission is the revitalization of the neighborhood.
  • The Hive is a small business incubator that is open 24/7 and provides office space for small business and non-profits.
  • Extremely reasonable office space which can be a private office, a shared office or just a place to meet clients.
  • You can get a private office at The Hive for $700/mo which includes internet, utilities and conference room.
  • You can also use them as a virtual office for only $75/mo to have an address and meeting space.
  • You can get shared space for about $400 - $450/mo.
  • It would cost at least $1,500 to $2,000/mo to get a your own leased office outside of the Hive.
  • What is exciting is that everyone else in the space is trying to grow a business like you.
  • They hope all their businesses will use The Hive as an incubator and then move on to bigger spaces.
  • The DC Housing and Community Development provided grant money to get it started.
  • New jobs are created in areas where people share their ideas.
  • When the economy took a dive, more people started their own business.
  • Being laid off can be the best thing that can happen to you.
  • The Hive has over 20 members.
  • The terms used to describe this is "co-working space" or "small business incubator".
  • "Incubators" provide services in addition to the space such as help with your business plan, marketing, etc.
  • For as little as $75, you can get a lot of free help to launch your business.
  • There is nothing like peer support when starting a business and you can't get that at home or sitting at Starbucks!