Grand Junction Incubator named best in global arena
Fledgling local businesses who use the resources of the Business Incubator Center of Grand Junction to launch their enterprises are doing so at an internationally renowned facility, according to one national organization.
The National Business Incubation Association on Tuesday named the area’s local incubator the 2013 Dinah Adkins Incubator of the Year during an international conference in Boston.
In announcing the award, the association said programs like the Business Incubator Center “catalyze the process of starting and growing companies by providing entrepreneurs with the expertise, networks and tools they need to make their ventures successful.”
The program at the Business Incubator Center — founded in 1987 — was one of several initiatives created in the wake of the oil bust of 1982 to diversify the economy on the Western Slope. The business incubator includes one-on-one mentoring and other training activities, a commercial kitchen and a Business Loan Fund that has loaned in excess of $13 million to more than 250 Mesa County businesses.
According to the incubator’s website, http://www.gjincubator.org, the organization was one of two finalists for the Incubator of the Year award last year and previously received the recognition in 1996.
Award-giver NBIA estimates that 7,000 business incubators operate worldwide, and in 2011, North American incubators assisted about 49,000 start-up companies that provide full-time employment for nearly 200,000 workers.
Those incubator-assisted companies generated annual revenue of almost $15 billion, the NBIA estimates.