Types of Tenants

MBEC is a mixed-use incubator program for microenterprises in which a minimum of 51% of the leasable space will be available for incubated clients.  A maximum of 49% of the leasable space may be made available to ‘tenants’ that choose not to participate in the incubation program. Market rate tenants will not be subject to program requirements of the incubation program but will be charged fair market rate for rental space.

To ensure fair competition in the MBEC incubation program, applicants that offer a service or product that is already being provided by Two Clients, will not be accepted into the program.  They may be placed on the waiting list until either of the two Clients is no longer a part of the program. 

All efforts will be made to ensure that a diverse demographic and clientele is sought and accepted for participation in the program.  Further, MBEC will ensure that a minimum of 51% of the available square footage of leasable space will be available for new and startup microenterprises. No more than 49% of the leasable space will be available to Anchor Clients or other City of Albany sponsored programs.

Suites may be shown to interested applicants during regular business hour.  All appointments are required to show ID and complete an Inquiry Form. Staff should take every possible measure to follow-up and track all inquiries and to match applicants with the suite that best fits their operational and staffing needs.  Consideration should also be taken for the proximity of similar businesses.  Suites cannot be reserved for applicants until accepted into MBEC and a security deposit is placed.