ROCHESTER, Minn. (KTTC) – The Faribault Diversity Coalition is transforming its office space into a co-working space to help minority entrepreneurs.
“The co-working space is specifically one strategy to reduce the barriers of entrepreneurship,” said Gordon Liu, executive director of the Faribault Diversity Coalition.
The building is in the heart of downtown Faribault and believed to be the first shared office space in the city. Renderings show both open and private workspaces, a kitchenette, private phone booth, and classrooms, available for any resident trying to start up a business.
“It’s hard to get a place on your own when you’re starting off, and it’s been like that for me,” said Faysel Ali, who owns a medical transportation business. “When I started a transportation business, I spent a lot of money, insurance, the license fee and all that, I barely had any money left to rent out my own space.”
The renovation of the office will begin in April and expected to open it’s doors this summer.