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The Franklin County Business Development Center has filled more than half its available space with the introduction of two new businesses.
Trinity Investment Group and Tullahoma Tactical are the latest additions in the growing incubator facility, located in the former C-Star building at 1940 Elk River Dam Road at the University of Tennessee Space Institute campus in Franklin County.
Trinity Investment Group, which is owned Heather and Todd Moffatt, helps people facing foreclosure by pairing them with top investors who can purchase the foreclosure property quickly in any condition.
Misty Sanders, vice president of investor relations, explained the mission of Trinity Investment Group.
“We help stimulate the retail housing market by purchasing foreclosures and renovating them to provide affordable rentals and dream homes for buyers,” she said.
The Trinity Investment Group staff thanks the Business Development Center for preparing them to offer this service to those in Franklin County and the surrounding areas.
Blake Hagewood, owner of Tullahoma Tactical, is also grateful to the Business Development Center.
Tullahoma Tactical is a one-stop shop for anyone looking to purchase guns, ammo or safety and survival equipment.
Hagewood said he takes pride in having a locally and American-owned business that offers competitive prices.
“In addition to a wide range of guns and ammo, we have great survival items, such as mace, tasers, pepper spray and dog repellent spray,” he said.
For now, Hagewood’s business is primarily operated from his website, www.tullahomatactical.com, but he said, that — thanks to the Business Development Center, its staff and fellow partners — he’ll one day be able to have a storefront.
“Being a part of the Business Development Center is great,” he said. “This opportunity has allowed me to build up inventory and stock faster. It’s definitely an economical way for a business to get its feet off the ground.”
According to Hagewood, the business development center also provides a chance to network with other business owners and clientele.
“You’re able to make different contacts, and I can already see the benefits of being working with the other tenants,” Hagewood said. “It’s really helped enhance my business in many ways.”
For more information or to make a purchase visit www.tullahomatactical.com. Hagewood may also be contacted at 931-808-0850 or firstname.lastname@example.org.
About the Business
The incubator facility is a forerunner in the state with incubators and is poised for further development, according to Franklin County Industrial Development Board member Jackie Axt.
The Business Development Center — in conjunction with Southern Middle Tennessee Entrepreneur Centers and NESTTN, LLC and the Franklin County Industrial Development Board — has set in motion an opportunity for entrepreneurs to accelerate the process of learning, starting, nurturing and growing a successful company.
The center is at 60 percent capacity with the entire south wing leased. Plenty of space is still available and is not limited to just startup businesses.
Existing businesses struggling to stay afloat during difficult economic times are also welcome.
Axt mentioned that business incubators, like the Franklin County Business Development Center, increase the likelihood of up and coming businesses thriving in the future by providing a secure economic environment for the first few years of enterprise.
Business startups provide a collaborative, secure home base and prepare tenants for the “real world” of business.
The Industrial Board is working with local service organizations to promote the Business Development Center.
“These organizations are the center of influence in the community and have been enthusiastic about the project,” Franklin County Mayor Richard Stewart said.
Business and industry owners in and around the county have taken notice of the Business Development Center and have commented they’re proud to see innovative, out of the box thinking from the Industrial Development Board members and local officials.
The building’s lease only costs the Industrial Board $50 a year, and the utilities are divided up among the buildings tenants.
Five tenants occupy the 10,800 square foot building. Tenants now include Tullahoma Tactical, Trinity Investment Group, Secure Waters, All PRO REO and The Franklin County Fraternal Order of Police.