Eligibility
Eligibility Businesses
To be eligible for assistance under the Incubator program, all applicants must meet the following criteria
The MBEC provides services to a wide range of entrepreneurs, and requires all potential tenants (Marketplace, Incubator, and Virtual) to meet the following criteria:
• A business that employs five (5) or fewer employees, at least one of whom must own the enterprise.
• A business that has its principal operations located in Albany, Georgia.
• Must be able to create and/or retain jobs.
• Must be organized as a sole proprietorship, Limited Liability Company, or any other recognized form of for-profit.
• Must be current on all federal, state and local tax obligations, and must be current in all financial obligations with the City of Albany and/or Dougherty County.
• Must have or be able to obtain a DUNS # prior to occupancy or during the first year.
• Must be an equal opportunity employer.
• Applicant must be willing to comply with all regulations, guidelines and policies as they relate to the program.
• Business is suitable to operate in the “professional office environment” and does not require a large waiting area for customers or unattended children, or extensive parking needs.
Ineligible Businesses
- Regulated lending institutions
- Real estate investment companies
- Retail (located at MBEC)
- Any organization whose principal business off-site is the sale of alcoholic beverages.
- Businesses whose primary service or product is similar or equivalent to at least two existing MBEC businesses
- Religious organizations
- As the City deems necessary.
Applicants will be disqualified for approval from the incubation program for the following reasons:
Incomplete application including non-submittal of application fee.
If the business and/or business owner has been previously assisted two or more times at the Microbusiness Enterprise Center
If the business and/or business owner has graduated or participated in the incubation program for five or more years.
If the Applicant and/or its principals are indebted to the City of Albany.
If the Applicant and/or its principals defaulted on a previous MBEC Lease or Service agreement.
If the Applicant and/or business owner(s) have been debarred from doing business with federal, state, county or local governments.
Lack of funds.