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Sirti Bestows Award of Honor
October 21, 2010. Billie Moreland, PhD, of Billie Moreland and Associates and Steve Simmons, PhD, E...

Triangle %u201CGraduates%u201D at Sweet Sixteen
The Idea (1994)
In June 1994, while on a layover in the San Francisco airport, Dr. Steve Simmons cam...

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01/01/2008 - Spokane Entrepreneurial Center to Expand

The Spokane Entrepreneurial Center (SEC) in the Lorraine Building at 308 W 1st Ave has been open for only a few short months, and it can already boast success. LEC Enterprises, an SEC technology company, recently sold its assets and intellectual property to an undisclosed firm – becoming the first “graduate” of the SEC. In addition, tenant MIP Solutions, a company specializing in technology to clean up water discharge in the mining industry, recently launched a successful IPO.

The SEC has space for twenty-two tenants and there is a sizeable list of small businesses awaiting space. Although LEC Enterprises has just graduated from their premises in the Lorraine Building, their space was filled immediately from the first come-first served waiting list kept by Steve Salvatori, owner of the SEC. There are currently sixteen companies on the waiting list, according to Salvatori. When the vacancy opened, he began calling the list, starting with the company which had made first contact. When the first few companies on the list weren’t quite ready, Salvatori says he put them back on the list, and moved down the list a little to fill the space.

Salvatori’s idea for the SEC was to offer business space to start-up companies at a very affordable rent. Each company would be allowed to remain in the space for up to two years. Tenants do not have to make a deposit nor sign a lease. Salvatori may have to adjust rents, but he pledges to keep them “as low as possible.” Incoming tenants will begin at $275 per month. Rent includes, besides an office, one parking space per office, high speed connectivity, use of a shared conference room, use of a lunch/break room, utilities, storage, fire and security safety, and a directory listing. Salvatori is in the process of upgrading the buildings communications connectivity.

Because of the high demand, Salvatori is remodeling the basement for more office space. “The basement will be very inexpensive,” says Salvatori, “I would like it to be free.” The number of basement business spaces will depend on ‘code’, and won’t be determined until planning and construction near completion. “It will be clean, wired, and warm,” says Salvatori, “but it is still most definitely a basement. The basement office space may go to Terabyte Triangle SmartStart companies.”

“The SEC offers low rent so that the start-up can concentrate on becoming a successful business – not on the overhead,” says Salvatori. “I’m very committed to entrepreneurs. I believe in small business, and I believe in the vitality, diversity of ideas, and innovation that you get only with small business. I believe in that and hope to encourage that in some small way.”

To contact Steve Salavatori, call (509) 944-0527 or e-mail steve.s@spokanecenter.biz.

Billie Moreland
 
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