Graduating from HCBC is Rick Reed Productions. Rick Reed had worked for various video production companies before striking out on his own in 2007. Since its founding, Rick Reed Productions has grown its client base to include companies like Kroger, Macy’s, Proctor & Gamble, and Lexis/Nexis. This full service video production company is moving from the HCBC to a new location in Greenhills.
Also graduating is Private Health News. PHN has revolutionized the delivery of health information, providing personalized health news tailored to the interests of each individual subscriber, all branded as the Provider. PHN has grown from three employees to 14 and have seen annual revenues exceed the $1 Million thresh hold.
“These two companies have used HCBC exactly how companies should,” said Patrick Longo, HCBC Director. “These companies are not only able to go out on their own, they are positioned to thrive and experience explosive growth.”
Other companies still part of the HCBC which are being honored include Define Myself; JYS Productions; General Nano; Copper Mountain Beverages; and Production Engineering, Inc.
HCBC Grads Grow
Hamilton County Business Center is a business incubator. As part of the Hamilton County Development Company (HCDC), HCBC provides a facility for new businesses begin. HCBC also provides mentoring, business coaching, and other assistance to companies as they begin.
Even though the economy continues to struggle, HCBC graduates continue to thrive. The 10 companies that have graduated from HCBC in the past three years have created 74 new jobs. Of the 125 total people employed at those 10 companies, the average salary is $52,533. More impressive, total revenue of the past three years’ graduates is more than $22 million.
There currently are 52 ventures in HCBC’s program, 17 of which joined in the past year. Those companies employ nearly 200 people and have created 48 new jobs in the past year. The total payroll of HCBC companies is nearly $10,000,000.