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Economic impact of incubation
Have
you conducted an economic impact study to demonstrate the
role incubation plays in your community’s economic development?
If so, we want to hear from you. NBIA regularly fields calls
from the media and government officials asking for economic
impact data to show incubation’s effectiveness. If you
collect that data about yourself, we can eventually collect
it from you, aggregate it, and finally have some good, hard
numbers to give those reporters and politicians. If you need
tips on collecting data, visit www.nbia.org/impact/
to access Measuring Your Business Incubator’s Economic
Impact: A Toolkit. You may e-mail impact reports to news@nbia.org
or mail to NBIA, 20 East Circle Drive #37198, Athens, Ohio
45701.
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Breaking News:
April 23, 2008
In Memoriam: Joseph L. Mancuso
NBIA
sadly notes the passing of Joseph L. Mancuso, who founded the first
business incubator in the U.S. — arguably in the world —
in Batavia, N.Y., in 1959. Mancuso died April 22 at age 88.
"All of us, across the industry, are grateful to Joe for his
contributions and founding of the nation's first incubator,"
says Dinah Adkins, NBIA president & CEO.
When Massey-Ferguson closed its Batavia plant in 1956, it left
behind an 850,000-square-foot complex of multistory buildings and
massive unemployment. The Mancuso family, which owned a number of
businesses in the area, bought the campus and charged Joseph Mancuso
with filling it. Unable to find a single tenant for the plant, Mancuso
divided the building into individual spaces.
What made the tactic remarkable was Mancuso's idea to provide not
only space to the businesses, but also business advice, shared office
services and help in raising capital. Within five years, the entire
complex, called the Batavia Industrial Center, was full.
Among the complex's first tenants was a chicken company. "We
were out on the road a lot of the time, trying to interest investors
and attract companies to the center," Mancuso once told the
NBIA Review, "and in a joking way, because of all
the chickens, we started calling it 'the incubator.'" Thus
Mancuso not only started a new business development model, but also
gave it its name: the business incubator.
Mancuso was a fatherly presence in the fledgling business incubation
industry. He advised Rensselaer Polytechnic Institute as it developed
its RPI Incubator Center in 1980 and enjoyed sharing his personal
experiences with incubation at NBIA conferences into the 1990s.
His efforts earned him numerous honors, including being named the
1986 New York State Economic Developer of the Year, 1989-90 New
York State Small Business Advocate of the Year, and receiving an
NBIA
Founders Award at the 12th International Conference on Business
Incubation in 1998.
The Mancuso Business Development Group still operates the Batavia
Industrial Center, headed by Thomas Mancuso, Joseph's son. BIC has
graduated so many companies over the past five decades that it spurred
the creation of the Batavia Industrial Park. The City of Batavia
enjoys more than $25 million in assessed valuation of property utilized
by BIC graduates.
Links to NBIA stories about Joseph L. Mancuso and the Batavia
Industrial Center:
"Founders
Keepers! Business Incubation's History Makers," NBIA
Review, August 1998
"Which
Came First, the Incubator or the Concept?" NBIA Review,
February 2002
"Not
Just for Profit," NBIA Review, February 2004
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This bust of Joseph L. Mancuso stands at Anshan New and High-Tech
Business Incubation Center in Anshan City, China. Mancuso met
representatives of the incubator at NBIA's 13th International
Conference on Business Incubation in Chicago in 1999. The representatives
not only incorporated some of Mancuso's ideas into their program,
but also had the bust made out of respect for the father of
business incubation. |
In the April NBIA Review:
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Paying
up
Business incubator sponsors can provide more than ongoing support
for program operations. Many incubator managers have discovered
that local businesses can provide funding or products that enhance
programs and services for clients. |
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Skunk works
"Skunk works" — independent research and development
operations of a large company or corporation — can be
valuable incubator clients. They require fewer basic services
while providing guidance for other, less experienced clients.
They also bring prestige to an incubation program. |
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Quick facts
about San Antonio
NBIA will travel to San Antonio for its 22nd International Conference
on Business Incubation May 4-7. Here are some things you should
know about our destination before your arrival. |
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NBIA seeks
Silent Auction donations
Highlight your incubator's success stories and help a good cause
— assemble a basket of products and services from your
program's clients for NBIA's Silent Auction at the 22nd International
Conference on Business Incubation. |
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Board member
Q&A: Keelin O'Leary
NBIA board member Keelin O’Leary, manager of the Genesis
Centre in St. John’s, Newfoundland, Canada, talks about
Canadian incubation traits and trends, the future of the incubation
industry, and what influences the way she manages her program. |
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Listserv followup
Getting incubator clients to pay up |
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The worst
mistake I ever made
"We spent too much on security -- and some of it doesn't
work!" |
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Spotlight on
practice
Regional incubator reaches out to northern Colorado entrepreneurs
… California organizations merge to increase services
to entrepreneurs … Northeast Ohio incubators broadcast
their economic impact numbers to state officials and the public |
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