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Agenda - Economic Development Authority - 01/25/2018
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Agenda - Economic Development Authority - 01/25/2018
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3/17/2025 2:27:22 PM
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2/2/2018 3:42:14 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
01/25/2018
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Coworking Space <br />Most of their departing members, they say, leave because they get a new job. Although, some of their <br />entrepreneur members have left to inhabit their own space due to growth of their business. <br />The Commons originally set a goal of four times as many members as they had capacity for at any given time <br />(the gym membership model). This number proved to be too ambitious, but they found their break-even <br />point within two years of opening. Most members of The Commons are not in everyday, and some may only <br />be seen once every few weeks. The Commons does not have a cap for membership. The owner claims that, <br />should membership dramatically increase, members would self-select and cancel their membership if they felt <br />there were too many people using the space. <br />The Commons pricing schedule (as of October 2017) is described in the table below. All memberships (not <br />including non-member options) require a $100 sign-up fee and a 90-day commitment before the membership <br />becomes month -to -month. The Commons provides a variety of membership options, ranging from <br />memberships with 8 AM -5 PM access on working days to 24/7 access to use of meeting rooms only. This <br />flexibility in their membership options has allowed them to attract a wider variety of members. <br />Business Incubators and the City of Ramsey 19 <br />
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