Sioux Falls, SD
As KELOLAND News reported, the co-working space, The Bakery, will break its lease early and close at the end of this month.
Over the last three years, KELOLAND News has done countless stories on one of Sioux Falls' most innovative co-working spaces. The Bakery sits on the edge of downtown on North Main Avenue. The owners of the 100-year-old building put $1 million into renovations and leased it to the owners of the co-working businesses.
Its founders sent an e-mail out to its 400 members saying it will offer refunds to those who need one.
The business will also hold a garage sale on April 28 to sell off furniture and other materials.
However, the technology won't be for sale because it was bought through a grant from the South Dakota Governor's Office of Economic Development.
KELOLAND News reached out to GOED commissioner Scott Stern about that.
“The Governor’s Office of Economic Development (GOED) approved a Future Fund grant in July 2015 to the Sioux Falls Development Foundation to support the technology needs of The Bakery,” Stern said. “The grant provided that in the event of The Bakery’s closure, the grant would be repaid to GOED at its request. Our office will continue to work with the Sioux Falls Development Foundation to find an appropriate use of this equipment for future development in the Sioux Falls area.”
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