Franklin Business Center

Franklin Business Center Evaluation Criteria

• Potential for growth and job creation
• Need for and willingness to accept the services of the Franklin Business Center
• Adds to local economic diversification
• Viability of the business and its potential for success
• Marketing opportunity and planned approach
• Compatibility of the business to the Franklin Business Center program and facility.

*The Franklin Business Center does not accept applications for retail or nonprofit businesses.

Franklin Business Center Application Process

• Complete the application and submit it by U.S. mail, electronically or deliver in person to the Franklin Business Center 601 N. Mechanic St. Suite 300 Franklin, VA 23851.
• Application is reviewed and determined if it satisfies the minimum qualifications as listed above. Applicants are then notified if their business is eligible for consideration.
• If deemed eligible, one copy of each of the following materials are required to be submitted:
  • Completed and signed application
  • Current business plan
  • Current financial statement
  • At least three professional references
  
• Franklin Business Center Advisory Board reviews the application and all related information and evaluates the business according to the evaluation criteria listed above.
• Applicants will be notified of the Franklin Business Center Advisory Board's decision.
• If accepted, a meeting will be scheduled to review and sign an official lease.
• Prior to occupancy applicants and businesses must comply, or agree to comply, with all applicable local, state and federal regulations and ordinances, including applicable environmental laws.

*The Franklin Business Center Advisory Board may request additional information to establish or verify that the minimum qualifications are satisfied.