(Photo courtesy of SLED)
The City of La Pine has received funding from the Oregon Legislature to construct an incubator building. This project will target businesses that may lack the necessary management, technical and financial capacity to run a small business effectively. The U.S. Small Business Administration notes that the success rate for small businesses stands at 50 percent after five years. However, research has shown that this success rate increases to 70-85 percent when the business starts in a small business incubator.
The following services will be provided to tenants:
- Technical assistance for starting a business – organization, hiring, etc.
- Individualized business counseling in collaboration with the Central Oregon Community College Small Business Development Center
- Business plan assistance
- Guidance with financing for start-up and growth
- Collaboration with the innovation hub at OSU-Cascades
- Mentoring from the Economic Development for Central Oregon Venture Catalyst on concept, critical expertise, strategy, and more
- Advice and assistance on marketing, export opportunities, government procurement, and workforce development
- Access to potential investors and partners
If you know an entrepreneur or traded sector business that would benefit from these services, contact Patricia Lucas, Executive Director of the Sunriver/La Pine Economic Development Program, at 248-693-3049 or sledexecutivedirector@gmail.com.
