Start a Business Rent Free

The Director of Business Development for Tempe, AZ came up with a brilliant plan to revitalize the downtown area. Give the buildings away for FREE! Though not completely free, they are offering entrepreneurs the ability to open a business with no rent for the first year of a 3 year lease. That’s an incredible opportunity.

The hardest year for any business is the first year. It’s the year they’re most likely to fail. Foregoing one of the largest expenses will give these entrepreneurs a solid chance for success. That success is amplified with the restoration of the downtown area. Jobs will be created and residency will increase.

The idea has carried on down to Duluth, MN where they are introducing the same experiment. Guess what? It works…

Every downtown area in America should try it.

For further reading: http://money.cnn.com/2011/07/25/smallbusiness/contests_for_small_business_owners/index.htm?iid=HP_River

Sean Murray is the President and Chief Editor of deBanked and the founder of the Broker Fair Conference. Connect with me on LinkedIn or follow me on twitter. You can view all future deBanked events here.