The Valencia County Business Incubator will open

COMMUNITIES IN RIO – Entrepreneurs in the county of Valencia will have another resource soon to help them start their own businesses, while the Valencian County Business Incubators are preparing to launch this weekend.

One of the founders and current interim directors of VCBI, Ben Romero, said the goal of the incubator is to grow new businesses throughout the county of Valencia.

“Do you have a business idea and are you motivated to start a business? We are here to help you and we are here to guide you, ”Romero said. “We’re here to make sure you succeed, because in the end … we want our entrepreneurs to stay here.”

Run by Los Lunas and Rio Communities, the incubator is available to anyone in the region.

The Valencia County Business Incubator will be located in the Rio Communities City Hall complex and will be used as a training ground for staff meetings at the University of New Mexico University-Valencia campus in Los Lunas.

In 2017, the concept of a nationwide business incubator emerged and, with the help of Incubation Operations, Training, and Applications, a USDA-funded feasibility study was conducted in early 2018. The study found that a small business farm in Valencia was viable. especially in the area of ​​edible products, and eventually the council said it would need a mixed-use kitchen incubator.

The VCBI received 501c3 status from the IRS last year, and will have a smooth opening from 10 a.m. to 3 p.m., Saturday, June 11, at 6 p.m. Rio Communities Council, 360 Rio Communities Blvd.

“We’ve been very lucky with the city of Rio Communities,” Romero said. “They have been very helpful in our mission and help us get our feet wet. They have also done a lot of work to increase business in the Rio Communities. ”

While the opening is soft, the incubator will begin to be accepted by customers, Romero said.

“We’ve already had seven local businesses in the last couple of weeks contacting those interested in becoming customers,” he said.

Julia M. Dendering | Photo of the Newsletter
Loedi Silva and Ben Romero, members of the Valencian County Business Nursery Council, as natives of Valencia County and local business owners, said they are committed to keeping entrepreneurs in the community and through a business incubator across the region.

The business incubator is home to entrepreneurs, Romero said, with staff and experts providing advice and mentoring training to new business owners, as well as programs to help start-ups succeed.

“This first year, we’re looking at 10 to 15 customers, and we’re going to make sure we reach out to them and guide them, but in the end, it’s their business, their property,” Romero said. “We’re basically pushing and driving them.”

To be part of the incubator, potential clients will submit their business plan to an approval committee made up of VCBI board members and community members. Romero said the board is not looking for specific types of business, but rather specific types of people.

“The most valuable thing is that they are coaches; they are ready to learn and enthusiastic about what they want to do, ”he said. “We love hobbies, but we don’t want to think of it as a hobby. It’s a business. We want to increase entrepreneurship. ”

Once approved, customers will be charged a fee, Romero said, but the commission has not yet set it.

“There will be a small cost associated with it because it’s part of the responsibility of owning a business,” he said. “It’s not going to be awful.”

Following the instructions of the feasibility study, the incubator will start to shrink. By 2025, the plan is to grow it into a hybrid mixed-use and kitchen incubator, helping 30 to 40 customers.

The average customer will be in the incubator for two to four years, Romero said.

Council member and local real estate agent Loedi Silva said that as an owner of a small business in the region for more than 25 years, the incubator will be a great resource.

“It would be nice to have some of those resources when I started my business,” Silva said.

According to the National Association of Business Incubation, after graduating a company from an incubator, 87 percent of them stay in business for three years. In addition, 85 percent of incubator graduates are within a 15-mile radius of the incubator.

According to NBIA estimates, North American incubators have helped more than 27,000 full-time employees with more than 100,000 employees and generate more than $ 17 billion in revenue.

For more information about VCBI, visit vcbi.orgor contact Interim Director Ben Romero by phone or text at 505-514-5555 or by email. [email protected]

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