Small Business Innovation Center (SBIC)
The Small Business Innovation Center (SBIC) located between the Paulding Area Foundation building and the Board of Elections has multiple office spaces available for rent.
Managed by the Paulding County Economic Development (PCED) office, the SBIC was established in 2015 to offer an economical business office setting to young, growing businesses or established businesses located outside of the immediate area. With a prime location “on the square,” these businesses have the opportunity to gauge community support and maximize their visibility to determine if opening their own storefront would be viable or beneficial. Ideally, these businesses would flourish and eventually require their own permanent spaces from vacant storefronts in Paulding County or those in need of refurbishment.
AgCredit, a member-owned farm credit lending firm from northwest Ohio,
was the first business to take advantage of the SBIC opportunity and turn it into a success. After establishing a temporary office in the SBIC, AgCredit made their move in the fall of 2020 into a revamped retail space at 839 N. Williams St and added more members to their team.
Other businesses have taken up residence in the SBIC temporarily while their future locations were either under construction or yet to be established. Paulding’s probate court temporarily occupied one of the SBIC’s office suites before moving to its permanent location on McDonald Pike. In 2020, The Union Bank expanded into Paulding by utilizing the SBIC reception area and office suite while their future location on Main St in Paulding was under renovation. The Red Angel Pizza finished out their careers with their home office in the SBIC.
PCED Director Tim Copsey noted, “The SBIC has been instrumental in establishing office space for many new and existing businesses in Paulding County. We look forward to what the future brings for the next businesses in occupying the open space.”
What the SBIC offers
The SBIC consists of two levels of rentable office spaces. The main entrance opens to the reception area with approximately 240 sq ft and plenty of workspace with two seating areas.
Between the reception area and community office area are four, 10′ x 12′ office suites. The community area is equipped with a workspace, file storage, restrooms and a full kitchenette including a microwave, sink and refrigerator. Three of the suites are currently occupied by PC Waste Management, Maid to Achieve, and United Edge Real Estate and Auction.
At the far end of the lower level is a community boardroom that seats up to 12 people.
All of the spaces are powered and equipped with wifi.
Upstairs, there is a total of five rentable office spaces, four of which are currently occupied. There are two conference rooms available to rent by the hour. Northwest State Community College has held conferences in this space and Paulding Entrepreneurial Network (PEN) holds meetings there twice a month.
Businesses that currently occupy the upper-level offices are Habitat for Humanity, Family First Bail Bondsman, Papin Photography and Northwest Ohio Wind.
Available spaces for rent
There is currently one upstairs office space available for rent, as well as the reception area and one office suite on the lower level now that Union Bank has moved into its new location next to Grounded Coffee & Crumbs on Main St.
For more information about the SBIC, or for a tour of these spaces, contact Office Manager Kristen Schilt at 419-399-8295, or office@pced.net.