A business incubator is opened in the county of Valencia

RIO COMMUNITIES – Entrepreneurs in the County of Valencia will soon have another resource to help them start their business as the Valencia County Business Incubator prepares for its soft start this weekend.

One of the founders of VCBI and current interim director, Ben Romero, said the incubator’s goal is to develop new businesses in the county of Valencia.

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

Led by the village of Los Lunas and the city of Rio Community, the incubator is accessible to everyone in the county.

The Valencia County Business Incubator will be housed in the Rio Communities City Hall complex and will use space at the University of New Mexico-Valencia Workforce Training Center in Los Lunas for reception meetings.

The county-wide business incubator concept emerged in 2017 and, with the support of incubation operations, training and applications, a USDA-funded feasibility study was completed in early 2018. The study found that the small business incubator is feasible in the county. Valencia, especially in the field of edible products and pointed out that the county will eventually need a kitchen incubator for mixed use.

VCBI received its 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 Rio Communities City Hall, 360 Rio Communities Blvd.

“We were very lucky with the city of Rio Community,” Romero said. “They were very useful in our mission and helped us to stand under us. They have also worked hard on their own to grow the Rio Communities business. “

Although it is a soft opening, the incubator will start accepting clients, Romero said.

“We’ve already had seven local companies in the last few weeks that are interested in becoming customers,” he said.

Julia M. Dendinger Photo of Newsletter
Members of the Valencia County Incubator Board, Loedi Silva and Ben Romero, as Valencia County residents and local business owners, say they have invested and are committed to keeping entrepreneurs in the community through a business incubator throughout the county.

The business incubator is a home for entrepreneurs, Romero said, with staff and experts who provide consulting and mentoring training for new business owners, as well as programs to ensure the success of start-ups.

“This first year we are looking at 10 to 15 clients and we will make sure to hold their hand and guide them, but at the end of the day it is their business, their property,” Romero said. “We are there to push them and guide them in essence.”

To be part of the incubator, potential clients will present their business plan to an admissions committee composed of VCBI board members and community members. Romero said the board was not looking for specific types of business, but rather specific types of people.

“The most valuable thing is that they are trained; they are ready to learn and passionate about what they want to do, “he said. “We love hobbies, but we don’t want them to come and think of it as a hobby. This is a business. We want to increase entrepreneurship. “

Once accepted, customers will be charged a fee, which Romero said, but the board has not yet determined.

“There will be small costs involved, because that’s part of the responsibility of owning a business,” he said. “It won’t be scandalous.”

Following the feasibility study guidelines, the incubator will start small. By 2025, the plan is to grow into a hybrid of mixed use and a kitchen incubator supporting 30 to 40 customers.

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

Board member and local real estate agent Loedi Silva said that as a small business owner in the county for more than 25 years, the incubator would be a great resource.

“It would be great to have some of these resources in starting my business,” Silva said.

According to the National Business Incubation Association, once a company completes 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.

NBIA estimates that last year North American incubators helped more than 27,000 startups that provide full-time work to more than 100,000 workers and generate more than $ 17 billion in revenue.

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

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