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Formed in 1997, the North Iowa Business Incubator offers all of the traditional services associated with basic mixed use incubation, including: office space; warehouse/manufacturing space; wet laboratory space; utilities (electricity, water, natural gas, sewer, internet, waste); intensive consulting services; access to professional specialists; access to sources of capital; and multimedia conference facilities. The North Iowa Business Incubator is a mixed use incubation space for the temporary development of start up businesses. Tenant occupancy is typically up to 36 months. The incubator was made possible by its incorporation into the North Iowa Area Community College (NIACC) and the John Pappajohn Entrepreneurial Center (JPEC). The incubator seeks existing small businesses that suffer from space, management, marketing or financial problems; companies with high growth potential; and firms in advanced manufacturing, value added agriculture, life and biosciences, information solutions and financial services. Applicants should meet the following criteria: be a for-profit entity, be a new start-up business or an existing, expanding business, and have growth potential with the prospects of creating new products, technologies or services. In the last 3 years Iowa Small Business Development Center (SBDC) clients: contributed $11 million in new state taxes through increased sales and employment; increased firm gross revenues by $240 million; added and retained 3,795 jobs; raised $77 million in new capital; grew 3.5 times faster than the average Iowa business.
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