Space Subsidies

The Launch Place helps companies reduce their start-up cost by offering office and housing subsidies. In exchange, portfolio companies commit to launching their business in the Danville region of Virginia, for three years. The Dan River District is an attractive place to live, work and play. It includes residential and office space in the refurbished Tobacco Warehouse District, the Dan River bike path, the Amtrak train station, the Danville Science Center, Community Market, and Carrington Concert Pavilion. Our full menu of services and support includes:

  • Office rent subsidy of $6,000 per year for a period of three years in the Danville River District
  • Housing incentive of $5,000 per year for a period of three years in the Danville River District
  • Free business consulting from The Launch Place team which has years of experience in business plan development, market analysis, competitor analysis, financial modeling and mergers and acquisitions
  • Free entrepreneurial mentoring, coaching and leadership workshops