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NBIA Review Online

In the April/May 2014 issue of the NBIA Review:

New survey: Incubator salaries down to 2005 levels; women still lag behind

Following a steady upward trend that continued through 2009, the salaries of business incubator managers had fallen in 2013 to levels last seen in 2005, according to a new NBIA survey of compensation paid to full-time incubator CEOs.

New Orleans, your chance to find out what’s in the special sauce

Through teamwork and enormous group effort, New Orleans is back, strong and enticing as ever. It is, therefore, the perfect place for NBIA’s 28th International Conference on Business Incubation, May 18-21. This year’s theme, “Entrepreneurship Energizing Economies,” is entirely appropriate for a city that has in the last nine years, exemplified that very thing.

Building a strong local economy through biotechnology

Some of the leading – and most lucrative – biotechnology in the world is being developed in a small Florida city with a population of less than 10,000, northwest of Gainesville. The city is Alachua, and it is home to the University of Florida Biotechnology Incubator, the current recipient of NBIA’s Dinah Adkins Incubator of the Year award in the Technology Focus category.

The business incubator as an anchoring economic institution

In some communities, the local business incubator is such an institution that few local companies haven’t been aided by it in one way or another. Such a community is the western Colorado city of Grand Junction.

Located at the confluence of the Colorado and Gunnison rivers – the “junction” in the city’s name – the area has become the U.S. capital of mountain biking. Centered in an area of vast oil shale reserves, the region experienced a boom in the 1970s when geopolitics threatened to drive up the price of oil to the point where recovering petroleum from the shale would become economically feasible. But in 1982 Exxon, which owns oil shale rights in the region, decided to suspend its development operations, which were headquartered in Grand Junction. Having lost its primary economic engine, the community looked for more stable and diverse economic underpinnings. Tourism and agriculture came into sharper focus – as did the development of local businesses – which led to the development of a business incubator.