Discussion and possible action on any and all matters regarding proposed changes to the San Luis Business Incubator Rates for startup businesses and existing businesses (Armando Esparza, Director of Economic Development)

BACKGROUND: The San Luis Business Incubator has been a key resource for fostering entrepreneurship and supporting small businesses within our community. Currently, the incubator provides subsidized space and resources for both startup and existing businesses to encourage economic growth and innovation in San Luis. However, as operational costs have risen and demand for incubator services has increased, a review of the current rate structure has been initiated. The goal is to align the rates with sustainable operating costs while continuing to offer an accessible entry point for businesses to thrive.

Additionally, it has been recognized that different business needs may require more flexible and tiered pricing structures to ensure a balance between providing support and generating enough revenue to maintain the facility’s high standards and service levels. The proposed changes to the rate structure will be discussed, focusing on how they will impact both new and existing businesses within the incubator program.