Earlier this year, the Entrepreneur Fund had to lay off seven employees. Although the loss was a disappointment at a time when unemployment is high, they felt there was something they could do to help others. So, they have decided to rent out their empty offices to entrepreneurs in need, reports Duluth News Tribune.

“This way we can turn our loss into somebody else’s gain,” said Shawn Wellnitz, executive director for the Entrepreneur Fund. “We’re excited to take our extra space and give someone the opportunity to get a nice, professional location.”

The Entrepreneur Fund is leasing three individual offices … in downtown Duluth on a month-to-month basis for $300 to $350. The offices, each approximately 130 square feet, have been repainted and are professionally furnished. They include use of a conference room, reception and waiting area plus free wireless Internet access. The offices have a separate entrance from the Entrepreneur Fund.

Small business owners receive the office space they need for a low price, and a downsized company receives a little extra income. This sounds like a win-win opportunity for everyone.

Photo by Adam Bartlett