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June 15, 2012 - NJBIN Welcomes 13th Incubator to its Network
NJBIN Welcomes Thirteenth Incubator to its Network
Camden, NJ—The New Jersey Business Incubation Network announced today that the Warren County Community College Small Business Growth Center (SBGC) has joined the network. With the addition of the incubator, NJBIN now has thirteen incubators in its network.
“We are very pleased that the SBGC has joined the New Jersey Business Incubation Network.,” said Suzanne Zammit, president of NJBIN. “This incubator offers services to entrepreneurs in an area of the state that previously did not have locally available incubation opportunities.”
The Warren County Community College Small Business Growth Center is located in Warren County Community College’s Phillipsburg Education Center. It is a management subset of the college and exists as a not-for-profit entity dedicated to improving the business climate and economic development of Warren County.
“SBGC nurtures the development of entrepreneurial companies, helping them survive and grow during the startup period, when they are most vulnerable,” said Eve Azar, vice president of corporate and continuing education. “Our programs provide their client companies with business support services and resources tailored to young firms. By keeping operating expenses low, entrepreneurs located in the incubator can invest money into their business while taking advantage of in-house business experts and collaboration and networking with other incubator clients.”
Premium services of the SBGC include an ample, well-lit parking area; 24/7 access; small and large conference and seminar and training rooms; a vending area and loading dock; access to photocopiers, shared high-speed Internet connection and janitorial, security and maintenance services; and shared audio and visual equipment
According to the National Business Incubation Association, 70 percent of small startup businesses outside incubators fail in the first three years, while 87 percent of incubator graduates succeed and flourish. New Jersey's incubators make measurable contributions to the state's economy through their support of businesses, primarily in technology and life science sectors. In 2010, the more than 500 client companies supported by NJBIN incubators created or retained over 1,800 higher paying jobs; generated revenues of $155 million; brought $91 million in 3rd party funding to New Jersey; and graduated 54 self-sustaining companies