Kimco Launches KEYS Business Incubator Program for Qualified Startup Entrepreneurs

  Kimco Launches KEYS Business Incubator Program for Qualified Startup
  Entrepreneurs

Benefits Include Free Rent and Access to Educational Resources SCORE, SBDC and
Kauffman FastTrac

Business Wire

NEW HYDE PARK, N.Y. -- April 25, 2012

According to the 2011 Kauffman Index of Entrepreneurial Activity,
approximately 440 out of every 100,000 adults in California start new
businesses each month, making California the third most entrepreneurial state
in the country. To help small business owners like these, Kimco Realty
Corporation (NYSE: KIM) has created Kimco Entrepreneurs Year Start (KEYS), an
innovative incubator program for aspiring entrepreneurs seeking to launch
their first retail venture, service operation or restaurant. With
entrepreneurship up 13 percent in California in the past decade, the largest
increase among the five most entrepreneurial states, Kimco will initially
focus the KEYS program here. Kimco owns over 110 shopping centers comprising
more than 3,200 stores in California, with approximately 100 small retail
spaces available for KEYS participants.

“We’re going to do so much more than just place tenants in spaces and say,
‘Good luck,’” said Conor Flynn, Kimco’s Western Region president. “We’re going
to work with them every step of the way,” he continued, “from the initial
planning concepts, selecting locations, obtaining occupancy permits from the
city, and advising them on the different stages of building a business.”

In addition, Kimco has developed relationships with established educational
organizations such as SCORE, formerly known as the Service Corps of Retired
Executives, the California Small Business Development Center (SBDC),Kauffman
FastTrac and others that offer business resources and networking support.
Dedicated Kimco advisors will meet with prospective tenants to analyze their
potential businesses, examine their growth plans, and explore how they can
best succeed.

KEYS program participants will benefit from:

  *One year of free rent
  *Affordable property charges (NNN) to minimize initial overhead
  *Access to personal Kimco retail business counselors
  *A flexible four-year lease option after the first year
  *Access to shop space in established retail centers

Each interested KEYS applicant will provide a written business plan with
specific goals and objectives, and demonstrate adequate funding for their
venture. Applicants must be able to articulate their plan for success in an
interview. An endorsement, certificate, degree, or letter of completion from
small business educational classes or a college or university is also
recommended.

The KEYS program launches today in California, where there are currently more
than 100 retail and restaurant locations under 2,500 square feet available to
entrepreneurs in Kimco centers.

For more information on the Kimco KEYS program or to obtain an application,
please visit www.KimcoKeys.com or call 1-888-668-1690.

About Kimco

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT)
headquartered in New Hyde Park, N.Y., that owns and operates North America’s
largest portfolio of neighborhood and community shopping centers. As of
December 31, 2011, the company owned interests in 946 shopping centers
comprising 138 million square feet of leasable space across 44 states, Puerto
Rico, Canada, Mexico and South America. Publicly traded on the NYSE since
1991, and included in the S&P 500 Index, the company has specialized in
shopping center acquisitions, development and management for more than 50
years. For further information, please visit www.kimcorealty.com, the
company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at
twitter.com/kimcorealty.

Contact:

Kimco Realty Corporation
David F. Bujnicki, 1-866-831-4297
Vice President, Investor Relations and Corporate Communications
 
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