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 startup 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.
“It really
helps on numerous fronts,” he says. “Cash outlay when
you’re just getting started is very important, and they give
you space to grow your business at a very reasonable rate. The financial
benefits, the networking benefits — there are just so many
things they do for us as far as getting the word out about our products.”
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.
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