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Founded in 1987 in Revolution Mill, formerly a Cone Mills factory building, The Nussbaum Center for Entrepreneurship is a private non-profit corporation. The firm's mission is to enhance economic development in Greensboro and the surrounding area. To accomplish this, the NCFE operates a business incubator located in the heart of Greensboro, designed to support non-retail, new or emerging businesses. The Center provides modestly priced office and light manufacturing space along with shared support services such as business counseling, a receptionist, copier, fax, mail boxes, and data entry. 450 businesses have been located in the Nussbaum Center. The center has graduated over 130 businesses. Currently the Center serves 54 companies, with a very diverse ownership. 74% of the companies are minority owned, with over 50% being owned by women, and 49% being African-American owned.
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