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Braintree Business Development Center
The Braintree Business Development Center is a technology incubation and entrepreneurship facility located in the heart of Mansfield, Ohio. Braintree has a 75,000-square-foot building that, at any given time, houses 12 to 25 startup businesses. Braintree provides collaborative spaces priced below market lease rates, including low-cost rental space for office, manufacturing, technology and assembly work usage. Two shared conference rooms and an informal meeting area allow tenants to conduct training classes and present to potential vendors/clients.
But more importantly, Braintree gets business ideas headed in a profitable direction by providing counseling, mentoring and access to a variety of resources to young advanced manufacturing, alternative energy, information technology, bioscience and agriculture/food processing companies. The range of services available at Braintree's physical space includes small business counseling and planning, as well as free and for-fee services specifically designed to support manufacturing and technology companies. Braintree can also assist small businesses with direct lending or (when appropriate) leveraging capital.
In addition, Braintree offers two sources of funding to help entrepreneurs: the Appleseed Microfinance Loan Fund, which provides loans of up to $35,000, and Tech Sprout, a small grant program designed to provide early stage entrepreneurs with assistance on projects such as prototype development.
“Our capital programs are designed to help small, young companies with a particular cash flow issue, such as a specific equipment purchase or a key hire. We want to help businesses overcome the temporary hurdles that all companies face.” –Bob Cohen, CEO and Director Of Business Assistance