Batavia's business incubator celebrates 50th Anniversary
Submitted by Philip Anselmo on January 19, 2009 - 1:53pm
From the Harvester Center:
The world’s first business incubator, The Batavia Industrial Center (BIC), is planning a year long celebration of 50 years of business development and job creation.
The businesses at BIC today employ more than 300 people in buildings that sprawl across 25 acres in the center of Batavia and were built over 100 years ago. The companies that have “graduated” from the incubator employ thousands more and occupy properties worth millions of dollars in the region and across the country. Events, new programs and announcements are being planned to recognize the success of the BIC, its entrepreneurs and the industry it spawned to help people around the world. It is estimated that there are 5,000 incubators across Asia, North America, Europe and Latin America. Jiang Zemin, the former President of China, hails business incubation as: “The most important creation of sci-tech industrialization in the 20th century.”
Business incubators are buildings that improve the survival and success of start-up and small businesses by providing rental space, shared equipment, support services and management guidance. This concept was pioneered by Joseph L. Mancuso in 1959 as a solution to extremely high unemployment and the re-use of a large obsolete industrial building in the small city of Batavia, NY. The organization responsible for business incubation in China erected a bronze bust of Mr. Mancuso at their incubator in Anshan China acclaiming him as the “founder of the incubator movement”. January 19, is the late Mr. Mancuso’s birthday.
The Mancuso Business Development Group, led by B. Thomas Mancuso, SIOR, provides leadership to develop and operate incubators or small business centers that help people succeed. They currently manage almost 3 million square feet of small business focused properties across Upstate New York.
For more information, please call B. Thomas Mancuso at 585.343.280 x 14 or email: firstname.lastname@example.org.