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Subsplash signs on as port’s first incubator tenant

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WENATCHEE — Subsplash, a Seattle-based software company that focuses on apps designed for churches, will be the first incubator tenant in the Port of Chelan County’s newly-leased space in the Pybus Annex.

At Tuesday’s port meeting, commissioners gave Executive Director Pat Jones the authorization to sign an 18-month lease with Subsplash. The company — subsplash.com is expected to move in by July 1. The company expects to ramp up to 15 employees at the location during the first year.

We’ve been trying to attract them to establish a beachhead here in Chelan County for the past year,” Jones said. The company toured several other locations, but didn’t find anything to suit.

According to the company’s website, 2017 was a record year for the company, with more than 5,000 churches using the Subsplash platform and some 700 million impressions and 80 million sermon plays.

Subsplash CEO is Tim Turner, whose wife, Kristy, is from East Wenatchee, Jones said.

Jones said one of the items on the company owner’s requirement lists was to be within walking distance of Pybus Public Market.

It’s difficult to get any closer.

The annex, the building directly next door to the market, is undergoing a $1.2 million renovation to update heating and air-conditioning systems and acoustics. Windows and door openings are being added to improve the views from the event center and offices. That project is expected to be completed in May.

In March, the port signed a five-year lease for 1,950 square feet of office and meeting space on the second floor of the annex, with the intent of creating a business incubator targeting technology startups. The lease with the foundation is for $3,250 a month for five years, and includes a five-year extension option.

The port’s business incubation strategy is to lease the space to a startup for 60 percent of the market rate to start and step that up on a quarterly basis, with full market rate ($20 a square foot) kicking in after the first year and continuing through the next six months.

When 18 months is up, the incubator tenant is expected to move into a space of their own somewhere in the valley.

Jones said Subsplash is offering its current employees a relocation package and some of the company’s officers have been looking at houses on the market.

 

Nevonne McDaniels: 664-7151

mcdaniels@wenatcheeworld.com

 

Reach Nevonne McDaniels at 509-664-7151 or .