ED-8 Business Incubator Study

The City shall partner with the Hayward Chamber of Commerce, local business organizations, and college business programs to explore the feasibility of establishing a business incubator.  The City shall submit a feasibility report to the City Council and additional actions shall be determined based on direction from the City Council.  

Responsible Department(s):
City Manager
Supporting Department(s)/Partner(s):
California State University, East Bay, Chabot College, Chamber of Commerce, Development Services, Finance, Library and Community Services
Program Type(s):
Inter-governmental Coordination (IGC), Joint Partnerships with the Private Sector (JP), Planning Studies and Reports (PSR)
Implements These Policy(ies):
Funding Source(s):
General Fund, Grants

Program Status:
Not Started
In Progress

Research on business incubators, including best practices and common funding mechanisms was started in 2020.  However, these efforts were placed on hold as COVID-19 response and recovery efforts were prioritized.  Economic Development staff will engage with the CEDC in 2020 to seek direction on if these efforts should restart.