Vermont Business Magazine A grant from the US Department of Agriculture will help fund startup and operational costs in the first year of the Lyndonville Coworking Space, an initiative of Northern Vermont University-Lyndon scheduled to open November 1 downtown. The one-year Rural Business Development Grant of $51,377 and a contribution of $65,123 from NVU will support expenses from rent and marketing to event hosting and bike racks.
The 2,000-square-foot coworking space will be at the former Bag Balm building at 930 Broad St. in Lyndonville. The space will provide rentable office facilities for nearly 50 entrepreneurs and remote workers at a time to expand their businesses, network and collaborate. The initiative aims to stimulate the local economy, revitalize downtown and strengthen the connection between NVU-Lyndon and the Lyndonville community.
“This grant will help offset operational costs, so we can focus on building the membership. That will ultimately give the coworking space sustainability in the future,” says says Ann Nygard, director of NVU-Lyndon’s Center for Professional Studies. The coworking initiative is part of the center, which offers non-degree education such as certificate, diploma and licensure programs through on-site classes and online platforms.
The coworking space will have high-speed internet, audiovisual equipment, sound-proof phone booths and a high-tech conference room, which will be available to rent. The site will host workshops, classes and events to support entrepreneurship, innovation and collaboration.
In addition to entrepreneurs, the office space will help people who work remotely and vacationers who want to add time to their trip for business. And NVU students will be available to provide technical assistance to businesses in the coworking space.
The site will have an anchor tenant in a private office, and other workers will use the open-office space on membership tiers based on daily or monthly rental. Among those who have expressed interest are freelancers, including web designers and marketing professionals, and people with occasional but ongoing business in the area.
“We’re providing the flexible office space that businesses and entrepreneurs need to get to the next level. There’s very little space in the Northeast Kingdom that’s available,” Nygard says. “My phone rings daily. There really is demand for this type of service.”
Northern Vermont University is a two-campus institution of higher education that combines the best of our campuses’ nationally recognized liberal arts and professional programs. At Northern Vermont University, our goal is to guide curious, motivated, and engaged students on their paths to success and their places in the world. NVU Online offers flexible, affordable, high-quality options for learners pursuing their bachelor’s degree.