United Bank Announces Business Incubator
United Bank is opening a new business incubator to support the formation of new ventures in Atmore, Alabama. The bank plans to use the incubator to support the development of multiple businesses, supplying basic infrastructure and providing reduced rents to allow entrepreneurs time to grow and develop their businesses. “We are a [CDFI],” said United Bank Vice President and Business Banker Larry Strain. “And an advantage of being one is that it allows us to go outside the normal bank role and help develop the community’s business environment... The ideal is people who need office space, manufacturing on a small scale or people who might sell on the Internet and need fulfillment space. We are looking to provide a place that businesses can grow out of.”