FAQs

Launching a retail business in a downtown storefront is a capital- and knowledge-intensive endeavor. Retail cooperatives provide space for a number of businesses under one roof with flexible leases, while incubator programs accelerate the development of successful retail businesses by providing low-cost space, exposure to mentors and consultants, technical support services, supportive marketing and events, and access to capital during the early years of the business. The Town is committed to empowering aspiring and growing retailers by offering affordable physical retail space and a robust network of business support services, helping to create a more accessible and welcoming environment where all entrepreneurs have the opportunity to thrive.

Town of Blacksburg, In 2019, the Town of Blacksburg acquired the former Cook’s Cleaners building and is currently working to remediate, rehab, and revitalize the 5,000 sq. ft. space for use as a retail cooperative and incubator. The building is in a prime location - the heart of downtown Blacksburg. The Town will provide participants and Downtown Blacksburg Inc. with subsidized/reduced rent, favorable lease terms, building insurance, and common space for shared IT services, events, and promotions. 

Downtown Blacksburg, Inc. (DBI), our local merchant, marketing, and economic development organization, will be physically located in the building and will be responsible for managing the retail incubator program. DBI will also organize local events to increase traffic to retail businesses, work with local economic development partners like the Montgomery County Chamber of Commerce, the Blacksburg Partnership, and the Small Business Development Center to meet the technical assistance needs of incubator participants, and help participants access capital through their relationships with local financial institutions. 

Lets Take a Tour of the Space.

Enter off Main Street into the welcome area, retail stalls, then to bathrooms, conference, room, and offices.