2020 - Business Incubator Center
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2020 *No multipliers applied. Totals exclude Mesa County Enterprise Zone. The Business Incubator Center is a 501(c)(3) non-profit organization that for more than a quarter century has been supporting the launch, growth, stabilization, and long-term success of business enterprises in Mesa County and the surrounding region. BUSINESS LOAN FUND OF MESA COUNTY Funding Startups & Existing Businesses in Mesa County COVID-19 Response The BLF administered EIGHT different funds for businesses impacted and responding to the COVID-19 pandemic in 2020. $802,916 Total Recovery Funds Disbursed 112 Local Small Businesses Funded Additional BLF Lending in Mesa County $1.47M Funded in 2020 $2.46M Additional Leveraged Funding 18 Small Business Loans Approved 86 Jobs Created or Retained Type something Loaned more than $29 million to more than 558 small businesses in Mesa County Leveraged more than $69 million in additional capital Created or retained 2,370 jobs BLF Facts SMALL BUSINESS DEVELOPMENT CENTER No-Cost Consulting & Affordable Training Type something 112 Jobs Created or Retained $2M Capital Formation 10 Business Starts 375 Clients Served 1,610 Hours of Business Coaching Agriculture, Forestry, Fishing and Hunting Construction 5.96% Manufacturing 6.88% Wholesale Trade 2.75% Retail Trade 14.68% Transportation a Information 0.46 Finance and Insur Real Estate, Rental, Professional, Scienti Management of Compan Administrative and Support Educational Services 3.67% Child Care, Health Care and Social A Arts, Entertainment, and Rec Accommodation and Foo Other Services (except Public Administrat Business Recovery Initiative 325 hours of 1-on-1 consulting 19 business recovery focused webinars The Business Recovery Initiative, powered by the Grand Junction SBDC, launched in June 2020. Our consultants and presenters provided critical information to businesses impacted by the COVID-19 pandemic. Industry Sectors Served INCUBATOR PROGRAM Launch. Grow. Succeed. 9 Graduates Number of businesses graduated // 6 Remain in the community 6 Launches Number of new businesses welcomed to the Program $1.7M Capital Formation $4.1M Annual Sales by Tenants 70 Jobs Created or Retained 28 Businesses Number of businesses that participated in the Incubator Program JT Crane Service "The Business Incubator has been essential to the success of my crane business, including helping with my bookkeeping and building my web presence. I highly recommend the Leading Edge class for anyone interested in starting a new business. Without the Incubator, it would have been difficult, at best, to get my business off the ground. But, with their help, my crane business continues to grow and thrive, and I’m going into year three of my success story." - Jeff Thornton, Owner, JT Crane Service Tenant Impact SBDC Fact In 2020, we had 15 small business consultants on the team. Since 1985, the BLF has... COMMERCIAL KITCHEN PROGRAM Type something The Business of Food Food Truck 51.61% Caterer 16.13% Food Producer 32.26% 30 Average number of kitchen clients 10 New Kitchen Clients Welcomed 5 Kitchen Clients Graduated $849k Annual Sales by Clients 18 Jobs Created or Retained Kitchen Fact 11 of our 2020 Kitchen Client businesses were 100% women-owned. OUTLOOK FOR 2021 Face Shield Project Members and volunteers designed, produced, assembled, and shipped face shields and ear- loop extenders to local health, educational, and care facilities in response to the PPE shortage. Developed open-source dental shield design to accommodate head light Additional GJmakerspace Activity 7 Prototypes Developed 4 Patent Assists 2 Businesses Launched 22 Community Projects GJmakerspace Concept. Construct. Community. Face Shield and Ear-Loop Extenders Distributed 825 We're approaching 2021 with a renewed sense of gratitude and purpose. We will continue to follow our mission and support the launch, growth, stabilization, and long-term success of business enterprises in Mesa County and the surrounding region. Board of Directors Tim Hatten Steve Hovland Phill Raimer Nathan Wallace Jeff Franklin Angela Hildebrand Michael Burke Teri Cavanagh Linda Spencer Staff Jon Maraschin Julie Morey Laura Mercier Dean DiDario Terri Benson Joe Elliott Ken Short Helen Roe Camber Westphal Karie Byerly Bronwyn Malott Rebecca Johanson Bob Weiler Glenn Fontelera In loving memory of Greg Stephen Enterprise Zone of Mesa County Business Tax Credits & Incentives 297 Jobs Created as a Result of Qualifying EZ Tax Credits $53.2M Capital Investments 1,646 Businesses Served 3,092 Contribution Project Certications Issued for: Enterprise Zone Fact In 2020, there were 25 Enterprise Zone Contribution Projects in Mesa County. INCUBATOR PROGRAM FWorks Coworking Space Dedicated Desk Members Monthly Members Daily Drop-Ins Co-hosted the Fruita Chamber of Commerce's January Business After Hours with the City of Fruita. Business After Hours Due to COVID restrictions, FWorks paused all new Daily Drop-In memberships. FWorks hosted 2 OpenCoffee Club meetups prior to COVID restrictions. Small Biz Meetups 2 Coworking the Fruita Way Incubator Fact In 2020, our Tenant Businesses employed 152 people. $2.27M Funded in 2020* $2M SBDC Capital Formation* 198 Jobs Created or Retained Across All Programs* 610 Clients Served Across All Programs* Year in Review Incubator Program Kitchen Program GJ SBDC Clients BLF Borrowers 46% 54% 52% 48% 56% 44% 45.3% 54.7% Female Owners Male Owners DEMOGRAPHIC SNAPSHOT OF TOTAL CLIENTS SERVED *10.5% of GJ SBDC clients declined to report. Core Programs Incubator Program Kitchen Program GJ SBDC Clients* BLF Borrowers 20% 34% 28.3% 29.2% Business Ownership by Gender Ethnic Minority Clients Served $4.7M Cash Donations $823k In-Kind Donations Made with
Transcript of 2020 - Business Incubator Center
2020
*No multipliers applied. Totals exclude Mesa County Enterprise Zone.
The Business Incubator Center is a 501(c)(3) non-profit organization that for more than a quarter century has been supporting the launch, growth, stabilization, and long-term success of business enterprises in Mesa County and the surrounding region.
BUSINESS LOAN FUND OF MESA COUNTYFunding Startups & Existing Businesses in Mesa County
COVID-19 Response
The BLF administered EIGHT different funds for businesses impacted and responding to the COVID-19 pandemic in 2020.
$802,916Total RecoveryFunds Disbursed
112Local SmallBusinesses Funded
Additional BLF Lending in Mesa County
$1.47MFunded in 2020
$2.46MAdditional Leveraged Funding
18Small Business LoansApproved
86Jobs Created or Retained
Type something
Loaned more than $29 million to more than 558 small businesses in Mesa CountyLeveraged more than $69 million in additional capitalCreated or retained 2,370 jobs
BLF Facts
SMALL BUSINESS DEVELOPMENT CENTERNo-Cost Consulting & Affordable Training
Type something
112Jobs Created orRetained
$2MCapital Formation
10Business Starts
375Clients Served
1,610Hours of BusinessCoaching
Agriculture, Forestry, Fishing and HuntingConstruction 5.96%
Manufacturing 6.88%Wholesale Trade 2.75%
Retail Trade 14.68%
Transportation aInformation 0.46
Finance and InsurReal Estate, Rental,
Professional, Scienti�Management of Compan
Administrative and Support Educational Services 3.67%Child Care, Health Care and Social A
Arts, Entertainment, and RecAccommodation and Foo
Other Services (except Public Administrat
Business Recovery Initiative
325 hours of1-on-1 consulting
19 business recovery focused webinars
The Business Recovery Initiative, powered by the Grand Junction SBDC, launched in June 2020. Our consultants and presenters provided critical information to businesses impacted by the COVID-19 pandemic.
Industry Sectors Served
INCUBATOR PROGRAMLaunch. Grow. Succeed.
9 GraduatesNumber of businesses
graduated // 6 Remain in the community
6 LaunchesNumber of new
businesses welcomed to the Program
$1.7MCapital Formation
$4.1MAnnual Sales byTenants
70Jobs Created orRetained
28 BusinessesNumber of businesses that participated in the
Incubator Program
JT Crane Service"The Business Incubator has been essential to the success of my crane business, including helping with my bookkeeping and building my web presence. I highly recommend the Leading Edge class for anyone interested in starting a new business. Without the Incubator, it would have been difficult, at best, to get my business off the ground. But, with their help, my crane business continues to grow and thrive, and I’m going into year three of my success story."
- Jeff Thornton, Owner, JT Crane Service
Tenant Impact
SBDC FactIn 2020, we had 15 small business consultants on the team.
Since 1985, the BLF has...
COMMERCIAL KITCHEN PROGRAM
Type something
The Business of Food
Food Truck 51.61%Caterer 16.13%
Food Producer 32.26%
30Average number of
kitchen clients
10New Kitchen ClientsWelcomed
5Kitchen ClientsGraduated
$849kAnnual Sales by Clients
18Jobs Created or Retained
Kitchen Fact 11 of our 2020 Kitchen Client businesses were 100% women-owned.
OUTLOOK FOR 2021
Face Shield ProjectMembers and volunteers designed, produced, assembled, and shipped face shields and ear-loop extenders to local health, educational, and care facilities in response to the PPE shortage.
Developed open-source
dental shield design to
accommodate head light
Additional GJmakerspace Activity
7PrototypesDeveloped
4Patent Assists
2BusinessesLaunched
22CommunityProjects
GJmakerspace
Concept. Construct. Community.
Face Shield and Ear-Loop
Extenders Distributed825
We're approaching 2021 with a renewed sense of gratitude and purpose. We will continue to follow our mission and support the launch, growth, stabilization, and long-term success of business enterprises in Mesa County and the surrounding region.
Board of Directors
Tim HattenSteve HovlandPhill RaimerNathan WallaceJeff Franklin
Angela HildebrandMichael BurkeTeri CavanaghLinda Spencer
Staff
Jon MaraschinJulie MoreyLaura MercierDean DiDarioTerri BensonJoe ElliottKen Short
Helen RoeCamber WestphalKarie ByerlyBronwyn MalottRebecca JohansonBob WeilerGlenn Fontelera
In loving memory of Greg Stephen
Enterprise Zone of Mesa County
Business Tax Credits & Incentives
297Jobs Created as a Result ofQualifying EZ Tax Credits
$53.2MCapital Investments
1,646Businesses Served
3,092Contribution ProjectCerti�cations Issued for:
Enterprise Zone FactIn 2020, there were 25 Enterprise Zone Contribution Projects in Mesa County.INCUBATOR PROGRAM
FWorks Coworking Space
Dedicated Desk Members Monthly Members
Daily Drop-Ins
Co-hosted the Fruita Chamber of Commerce's January Business After Hours with the City of Fruita.
Business After Hours
Due to COVID restrictions, FWorks paused all
new Daily Drop-In memberships.
FWorks hosted 2 OpenCoffee Club meetups prior to COVID restrictions.
Small Biz Meetups 2
Coworking the Fruita Way
Incubator FactIn 2020, our Tenant
Businesses employed 152 people.
$2.27MFunded in 2020*
$2MSBDC Capital Formation*
198Jobs Created or RetainedAcross All Programs*
610Clients Served Across AllPrograms*
Year in Review
Incubator Program
Kitchen Program
GJ SBDC Clients
BLF Borrowers
46% 54%
52% 48%
56% 44%
45.3% 54.7%
Female Owners Male Owners
DEMOGRAPHIC SNAPSHOT OF TOTAL CLIENTS SERVED
*10.5% of GJ SBDC clients declined to report.
Core Programs
IncubatorProgram
KitchenProgram
GJ SBDCClients*
BLFBorrowers
20% 34% 28.3% 29.2%
Business Ownership by Gender Ethnic Minority Clients Served
$4.7MCash Donations
$823kIn-Kind Donations
Made with
