SPACE ON MAIN

Coworking is the use of an office or other working environment by people who are self-employed or working for different employers, so as to share equipment, ideas, and knowledge.

A shared workspace can provide an opportunity to increase social capital which is crucial to successful enterprises. Social capital is the stock of trust, relationships, and networks that support civil society. Investments in bridging social capital are those that lead to unprecedented conversations, shared experiences, and connections between otherwise unconnected individuals and groups. Shared common spaces promote a democratic exchange of ideas and lead to a more engaged citizenry. These spaces build social capital through their ability to support and nurture forward-thinking socially progressive entrepreneurs from all generations. Building connections between generations is imperative to the survival of rural communities. Coworking spaces provide the opportunity for the young entrepreneur and the aging boomer to share ideas and build relationships that may result in businesses changing hands and ensure the survival of the economic vitality of the rural community.

Coworking spaces have proven to be economic drivers for those working in these spaces and for the local communities that they operate in. Members who work in existing coworking spaces have indicated that by working in a collaborative workspace, they expand their professional networks and 40% report higher incomes. Providing a space that fosters new working relationships for members that result in increased income means we keep their money, talent, and enthusiasm in the local economy. These small businesses are the lifeblood of our local economy. When a community is connected and open to sharing, people save money, learn new skills, and reduce their impact on the environment. New ideas emerge, problems are solved in creative ways, and the community at large reaps all the rewards of a happy independent workforce.

Attracting and providing support for new, diverse, location-neutral businesses is a key component to creating economic stability that compliments the tourist market. The energy associated with a vibrant coworking community is contagious and can invigorate a small town’s business community by bringing in an air of innovation, excitement, and hope. By pulling often invisible independent professionals out of home offices, and into a central working location, it provides a place for visitors considering relocation to quickly see that full-time residency is a viable option. When a person is able to work where they want to live, they can be more invested in their local community. Hours spent commuting can turn into hours spent enjoying what the region has to offer with family, friends, and neighbors.