January 28, 2015
Benchmark Year in Incubator Business Graduation
The graduation of four small businesses made 2014 a benchmark year for incubator success at the Oswego County Business Expansion Center (BEC). Located in the City of Oswego, the BEC managed by Operation Oswego County, provides incubation space and technical assistance to non-retail, industrial, technology and service businesses.
The purpose of the BEC is to provide commercial space with low rent and flexible terms to eligible start up and evolving businesses. Additionally, tenants are able to access financing programs and technical assistance provided by Operation Oswego County and partners like the SUNY Oswego Small Business Development Center making it a very attractive business solution. It is not a permanent home for businesses, as each year they stay, the rent incrementally increases towards market rate. Prior to moving in, tenants must have a business plan on how they intend to grow and eventually graduate from the incubator. Operation Oswego County works with each of the businesses to evaluate if they are meeting their target goals and to determine if the BEC is still the best option for them going forward.
My Digital Discount, one of the recent graduates, has purchased a commercial building in the City of Oswego to meet the needs of their growing business. My Digital Discount is an e-commerce company specializing in computer and electronic file storage devices such as solid state drives, flash drives, and flash memory cards. Their stay at the BEC allowed them to focus on growing and evolving their business in a start-up friendly and innovative environment. Other recent graduates include Mettasoft, a software development company; B'nB Broker Buyer, an online broker exchange; and AFLAC New York.
After graduation, space at the facility does not stay vacant for long and already several new businesses are evaluating the opportunity to become incubator tenants. Available spaces range from 400 square feet to 800 square feet and are fully wired for information and communication technology. All tenants have access to common bathrooms, a conference room, and loading dock for shipping and receiving. For more information on how your start-up or evolving business can take advantage of the opportunities at the Business Expansion Center, please contact Operation Oswego County at www.oswegocounty.org or by phone at 315-343-1545.