Trotwood offering discounted rent to pop-up businesses

The lower rates is an effort to help revitalize the city.

The Trotwood Chamber of Commerce is partnering with local property owners to offer below-market leasing rates to business owners and entrepreneurs as part of a “Pop-Up Business Project” announced in an effort to revitalize the city.

Deborah Smith, chairperson of the project, said the goal is to provide entrepreneurs with the opportunity to test their business concept in a real-world setting. The chamber is hopeful that each one will take a permanent place in the community.

“We’re excited for Trotwood,” Smith said. “We think it’s going to be a great program; a new start for our city.”

According to Bruce Kettelle, chamber president, Trotwood is already “turning around.” In the last year, the city welcomed 18 new businesses, many of them light industrial. The second Dayton-area Donut Palace opened at 5264 Salem Avenue in August and is setting a new sales record every weekend, he said. “If you have the right business formula in Trotwood, you can really make a go of it,” Kettelle said.

Since announcing the pop-up project, Smith said the city has begun collecting applications for everything from office space to restaurants.

Much of the available space is in the Consumer Square shopping center. Lease lengths are flexible but require a minimum commitment of six months. The spaces will have varying lease rates, but all will be leased below market value. There will also be leasing incentives, such as the abatement of rent for the first three months, to be negotiated directly with the property owners.

“If you live in Trotwood, Englewood, or Brookville and you want to start a business, this is the place to be,” Smith said.

Interested retailers or office space seekers should submit their name, business name, business address, telephone number, and email address to Deborah A. Smith or David Rice at projects@trotwoodchamber.org.

The deadline to request information is 5 p.m., Monday, Dec. 14.

Applicants will be asked submit detailed proposals outlining their business plan. Interviews will be conducted with top applicants. Once selections have been made, lease negotiations will be held with the tenant and property owner. Space will be move-in ready. Applicants should expect to open their shops in the spring of 2016. For more information, call Deborah Smith at 937-657-6409.

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