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Tickle Me Elmo it wasn’t. “We are in a very niche market,” says Duke, president of Ballistics Research, which had figured out a groundbreaking way to do ballistics testing on firearms without doing damage to the bullets. What Ballistics Research needed to crack that niche market was a little luck and some low overhead. Luck would have to take care of itself, but Duke found the low-cost office space he needed at the Business Expansion Center (BEC), run by Coosa Valley Technical College in Rome. And shortly after he located his start-up at BEC last summer, members of Congress, U.S. Army firearms experts and law enforcement officials from around the country were paying call to this North Georgia city for a demonstration. Today, Duke acknowledges that Coosa Valley Tech’s BEC was essential to getting his company off the ground.
The BEC, along with the Augusta-Richmond County Small Business Incubator (SBI), operated by Augusta Technical College, are two of a number of business incubators being developed at Georgia’s technical colleges. Living up to the image conjured by the word “incubator” as a warm, encouraging place to support the early growth of young businesses, these incubators are intended to foster regional economic development by giving critical, early support to entrepreneurs and small businesses through managerial and technical assistance, low office rental rates and shared access to basic office services and equipment. But the businesses that join the incubators get more than just a break on rent. In addition to hosting seminars and market capital meetings, both Rome’s BEC and Augusta’s SBI maintain advisory boards heavily stocked with business professionals who serve as mentors. Each incubator requires regular meetings between advisory board members and clients in order to review business plans and bookkeeping and otherwise promote their tenants’ ongoing progress. “On BCI’s board of advisors, we have about 30 business professionals — lawyers, accountants, company executives, community leaders — who advise us and our companies,” says Pete McDonald, Coosa Valley Tech VP of economic development. “If the companies are worried about taxes, for instance, they can sit down with one of these accountants free of charge and be advised.” At the SBI in Augusta, Director Laura Geddings similarly keeps in close touch with the fledgling businesses being supported by the incubator. “The advisory board is required,” she says. “It’s really for their benefit to let us track how well they’re doing. We provide written minutes quarterly [and] they also take advantage of any seminars or workshops we provide. And I’m always trying to link them to any funding sources I find out about.” Attracting
new business While the BEC is relatively small — a 38,000-sq.-ft. converted furniture factory in a depressed Rome neighborhood — it numbers among its eight current clients a state-of-the-art biometrics laboratory (installed for Beocarta, a Scotland-based biotech firm) and a company that manufactures portable cooling towers for businesses throughout North America.
The center, which McDonald credits with directly creating more than 20 jobs so far, was also of great value in recruiting two new major manufacturers to the area. Pirelli Tires and Suzuki, which recently opened an ATV plant in Rome, both used BEC for temporary site headquarters while their own facilities were under construction. “We housed Pirelli for a year while they built their facility; Suzuki was here for more than a year,” says McDonald. “We provided desks and Internet access, really free of charge. All they paid for were their long-distance fees.” Bruce
McClearen of Beocarta has nothing but praise for the BEC. Noting that
his company, which does very specialized work for chemical and pharmaceutical
companies, has very specialized needs, McClearen says the center went
to great lengths, including installing necessary infrastructure, to
accommodate requisite laboratory and storage equipment. “Everyone
here has just been really great to work with,” he says. Even the
location is an asset. “We needed to be near major universities
and laboratories [in Atlanta],” he notes, but “at the same
time, this is a very competitive business. We needed to be a bit out
of the way, too.”
Ninety-five
percent and growing “Generally, the areas we wanted to cultivate were oriented to high-tech organizations, and we’re trying to keep it at that,” notes Ted Duzenski, Augusta Tech VP of economic development. “But we’ve really gone beyond the technology area to businesses that look like they’ll have an economic impact on the area. We’re targeting minority businesses, female-operated businesses, disadvantaged businesses.” The SBI’s affiliation with and proximity to Augusta Tech benefits both institutions. “Working with the college, our mission is to ‘cross-pollinate’ with students,” says Geddings. “I utilize a work-study student for my receptionist, and a couple of our clients have used students as interns. I had one client who utilized an entire class. He was developing a thermostatic control device and needed a marketing plan. So he took the device up to one of the electronics classes and the professor used that for a project throughout the quarter. The students researched it, came up with a marketing plan and presented it to the client. It helped the client and provided the students with a real-life, hands-on learning opportunity.”
Like most
incubators, the SBI tries to get its clients up, running and “out
of the nest” in about three years. “Normally, that’s
what we try for,” says Geddings. “However, if there’s
not a waiting list, they can stay a fourth year. But hopefully, at that
point, they’ve learned enough and saved enough money that they
can survive out there on their own.”
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TABLE OF CONTENTS | COVER | FROM THE COMMISSIONER | TECH TALK THE PRETENDERS | SUCCESS FILES | RISKY BUSINESS | HEATING THINGS UP | A RESOURCE FOR BUSINESS COMPETITIVE EDGE | ECONOMIC CHAMPIONS | CHANGING LIVES | PRESIDENT’S PERSPECTIVE MAP OF SCHOOLS | GEORGIA'S TECHNICAL COLLEGE SYSTEM
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