Business Courier: Cincinnati’s oldest incubator gets maximum state grant

Business Incubation, News

The Hamilton County Business Center (HCBC) received the highest score of any incubator in the state when Ohio’s Third Frontier Commission approved its funding for 2014. HCBC was evaluated on its 5-Year Portfolio, Graduate Track Record, and Incubator Team Experience. According to the evaluation, HCBC has an “impressive track record, strong job creation, consistent economic impacts and thoughtful tenant service(s).”

Ohio’s Third Frontier approved $500 thousand for the Hamilton County Business Center, Southwest Ohio’s longest running incubator at 25-years-old. The $500K investment was the maximum granted directly to an incubator by the state commission.

According to the state, “It also provides connectivity to Southwest Ohio’s vibrant entrepreneur system and an environment conducive to growing an emerging business.

“We deeply appreciate the State of Ohio’s continued support of the Hamilton County Business Center,” said David K. Main, President of HCDC. “With this investment, we can continue to assist in developing entrepreneurs who have the potential to become future job creators in our communities.”

At the end of FY 2013, the Business Center housed 47 tenant companies that employed 201 individuals with a total annual payroll of $10.4 Million. Aggregate tenant revenues exceeded $17.2 million.

Read the Cincinnati Business Courier Article here.