“What began in 1995 as three acres of weeds is now the Santa Fe Business
Incubator (SFBI), a sprawling facility that has generated revenues in excess of
$100 million, more than 75 businesses and over 800 new jobs.” That’s according
to a recent article for Entrepreneur Magazine.
Through
the efforts of the City of Santa Fe and the Santa Fe Chamber of Commerce, the
original SFBI facility opened in December 1997. The City of Santa Fe’s Economic
Development Division has provided substantial funding for SFBI since then and
counts it as a cornerstone of business development in the community. In Fiscal
Year 2012-2013, SFBI served 15 tenant businesses and five affiliate businesses
and report creating 58 full-time and 38 part time jobs.
“One
of the most extraordinary things about the Santa Fe Business Incubator is how we
have cultivated a diverse and innovative group of companies – from wind to
whiskey and from software to bioscience. We are a dynamic entrepreneurial
community in Santa Fe. The City’s robust economic development programs continue
to evolve to catapult growing businesses to success,” said Councilor Rebecca
Wurzburger, chair of the Business and Quality of Life Committee which oversees
City of Santa Fe Economic Development.
The
Entrepreneur Magazine article continues: “Catering to a variety of
startups, such as Adora Fibers (which produces knitting kits for beginning and
intermediate knitters), Bluenergy Solarwind (makers of hybrid photovoltaic and
wind power turbines), and Santa Fe Spirits (an artisan distillery that crafts
whisky and brandy), the SFBI recently launched a $1.25 million bio-science
initiative.”
The
original 10,000 square foot SFBI facility was expanded to 30,000 square feet in
2002.Then, in January 2006, SFBI became the first New Mexico Certified Business
Incubator under New Mexico Economic Development Department’s Business Incubator
Certification Program.
“The
Santa Fe Business Incubator (SFBI) was one of the first in New Mexico and it set
the standard of excellence in business incubation that others have followed,”
said New Mexico Economic Development Secretary Jon Barela.
SFBI
recently received the $1.25 million grant from the federal Economic Development
Administration to build a shared biosicience laboratory to support the growing
bio tech and bio science business community. According to SFBI, The companies
who have participated in the incubation program to date have created hundreds of
jobs, generated millions in annual revenues, helped to diversify the economy,
increased the tax base and provided new career opportunities for the citizens of
New Mexico.
Read
more: http://www.entrepreneur.com/article/227821#ixzz2eh7XMDUW and the SFBI's website: http://www.sfbi.net/.
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