The Community Ventures Corporation is in the process of renovating a commercial building on Second Street into an 8,000 square foot small business incubator. Work has apparently been going on for about six months and involves a complete interior overhaul and a new brick facade covering the 1960s or 1970s era building.
Here’s a bit of information from the CVC website:
Founded in 1982, Community Ventures Corporation (CVC) is a community-based, non-profit organization that exists to improve the quality of life for urban and rural residents throughout central and northern Kentucky. CVC’s central mission is to provide individuals and families with the skills, income, and assets, they need to achieve financial independence. CVC helps people increase income and build assets with three main strategies: small business ownership, home ownership, and job creation through business expansion.
The organization already operates two small business incubators in Lexington. The old facade (seen below) comprised of skinny “Roman bricks” is underneath the new brick and doors to individual office suites (we presume) have been added to the once blank, jagged half of the building. The new doors are very white right now, but we hope they might get a coat of paint at some point down the road. The building permit lists the construction costs at around $450,000. It’s good to see another existing building elevated to a greater use in SoBro.