Cincinnati, OH, August 7, 2018 – HCDC’s Office of Innovation + Creativity (OIC) is excited to announce that it has selected the ten companies to participate in Hamilton County’s OIC technical assistance pilot program: Automated Machine Systems, Batterii, Callibrity, Cerkl, The Garage Group, InfoTrust, Kolar Design, Navistone, Precision Pro Golf, and Standard Bariatrics. For more information on these companies, visit the “Companies on the Rise” section of the OIC website.
The selected participants will receive strategic information focused on market research, geographic information systems, and advanced digital media tactics to help accelerate company growth by providing necessary information for them to decide growth trajectory.
AMS Systems and Standard Bariatrics are already nearing program completion. Six more companies are slated to begin in August 2018. All pilot program companies will complete the program the end of 2018.
For more information on the Office of Innovation + Creativity, please contact HCDC Director of Innovation Services Karla Boldery.
About the Office of Innovation + Creativity
In 2017, Hamilton County, Ohio funded research to identify potential gaps in business development support for assistance to businesses in their growth trajectory. In meeting and speaking with multiple organizations that serve our entrepreneurial ecosystem, the research showed a need for support of second-stage companies. Second-stage companies are defined as 1-10 employees with revenue of $1M-$50M, and while they represent about 15% of the businesses in the United States, they account for over 35% of the job growth (source: youreconomy.org).
As a result of these findings, Hamilton County funded a program called the Office of Innovation + Creativity (OIC) to fill the needed gap in business development support for the companies that are creating the greatest economic impact in our region. HCDC OIC’s goal is to continue to grow jobs and investment in Hamilton County. The OIC will act as the lead entrepreneurial support organization for innovative second-stage businesses in Hamilton County, helping them with strategic growth decisions by providing access to in-depth market research, geograhic market expansion potential, and connection to implementation sources. For more information, please visit: www.hcdc.com/oic.
About HCDC, Inc.
Established in 1983, HCDC, Inc.helps build businesses and promote job creation in three ways: Business Incubation, Business Lending, and Economic Development services. Born out of a need to create jobs to counter a shrinking manufacturing sector, HCDC has nurtured over 300 resident companies, financed over $1 Billion in projects, and has helped attract and create tens of thousands of local jobs in southwest Ohio. For more information please visit: www.hcdc.com.
Kacey King Redmond