I couldn't believe it when I heard it either. Start a business now, in this bad economy? Sounds crazy to me... but as Rhonda Abrams told me in USA Today, many of today's top businesses were formed during depressions or recessions.
And when you already know you probably won't have any better job opportunities coming your way, starting a new business doesn't sound like such a bad idea. There's also a lot less to lose in a crappy economy, so you might as well take a chance. You've already lost most of your money anyway.
Here in Syracuse, there are plenty of entrepreneurs taking chances, as I discovered today. The South Side Innovation Center is a hidden gem that is actually run by the university, and Whitman students involved in the entrepreneurship program work there.
The center does some great things. They let new businesses rent out office space in the center for up to three years at a reasonable rate, and with the rent comes support and advice on how to develop a business. Funk 'N Waffles is one of their current tenants.
Now Abrams' story on the economy seems to ring true for the center, because starting a small business in Syracuse seems to be a popular option. Only a few weeks ago they expanded and can now provide space for 22 businesses (they started with 15).
So besides all of the great stuff they do for businesses, the center has some fun stuff too. My favorite thing was their test kitchen, where new restaurant owners can try out new recipes.
All in all, the South Side Innovation Center seems to be doing well in Syracuse, even with this bad economy. It's definitely a good thing, because the city will definitely benefit.
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