A report on WZZM13 says that the Grand Rapids Downtown Development Authority has approved a proposal to attract more downtown retail businesses by subsidizing retail incubators in downtown storefronts.
According to excerpts from the story:
The Downtown Development Authority on Wednesday approved, in concept, the creation of retail incubators in downtown Grand Rapids. The next step will be for the DDA to consider specific areas for retail incubator zones. There are already two proposals under consideration: the Trade Center building at 50 Lewis and a block of buildings on South Division near Wealthy. The DDA would help retailers by subsidizing the rent for a certain period of time.
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