Business Accelerator Frequently Asked Questions

1. How do I apply?
Application materials can be found on the Apply page. For additional information related to the application process, please contact mwerneke@scottcda.org .

2. What kind of internet access is available?
Participant companies located in the City Hall office space have access to a shared, high-speed internet connection. There is also a convenience wireless network within the designated Technology Village City Hall office space. Participants located outside of the City Hall space are responsible for securing their own internet connection; however, Integra Telecom is a program partner with special pricing for Technology Village participants.

3. How much are lease rates and what is included in the lease rate?
Program participants pay $10 per square foot.

In addition to the annual lease savings, the Technology Village Board has established an estimated value of $18.19 per square foot for program costs paid for or provided by the City of Prior Lake. These services, which are provided at no cost to program participants and are detailed in each lease agreement include; program management, city staff time, office equipment, furnishings, property insurance, janitorial service, grounds maintenance, snow removal, common area building maintenance, equipment maintenance, trash removal and payment of utilities including gas, electric, sewer and water.

4. How long is the lease term?
The standard lease agreement is an annual lease; however, a program participant is eligible to relocate their business to any Scott County location at any time during the lease term with no penalty. Additionally, if the program participant business ceases operation during the term of the lease the lease agreement may be terminated without penalty.

5. Is the Technology Village Business Accelerator program available to only Prior Lake residents?
No. Anyone who is interested in growing and maintaining their business in Scott County is welcome.

6. How can I find out more information?
If you are interested in learning more about the Center for Entrepreneurship Business Accelerator, please contact Michael Werneke @ mwerneke@scottcda.org