| Room
to Grow
The LIHCC Incubator - The Virtual
Office Solution for the New Business
By
David Winzelberg - Long Island Business News
- Friday, May 2, 2008
Article submission courtesy of: The
Long Island Hispanic Chamber of Commerce |
elen
Zagaro has a short commute to work. In fact, she can
roll out of bed in her Islip home and make the trip
to her garage-turned-office in a matter of seconds.
But despite the convenience, Zagaro’s garage
is a less-than-ideal headquarters for her promotional
items company, Star Promoz, to grow. That’s
where the Smart Business Exchange incubator comes
in.
At first glance,
it resembles any office along Ronkonkoma’s corporate
corridor. But to Zagaro and other fledgling entrepreneurs,
the incubator provides a chance to get out of makeshift
home offices and into a professional business environment.
A
project of the Long Island Hispanic Chamber of Commerce,
the new SBX incubator on Veterans Highway officially
opens next week and will accommodate about 15 young
ventures, now mostly run out of spare bedrooms, basements
and garages.
Funded with
a $500,000 grant from the Empire State Development
Corp., the SBX offers its members access to a receptionist,
a conference room, color copier, office furniture,
and even a kitchenette. Members also receive valuable
business training through workshops and seminars from
veteran professionals.
To qualify
for an office at the incubator, a Long Island company
must be in business at least two years, have at least
one employee other than the owner and prove its financial
stability. Rates start at about $360 a month per cubicle.
LIHCC
Executive Director Maria Morales-Prieto said the incubator
would feature a variety of businesses to minimize
competition and maximize cooperation.
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| MORALES-PRIETO |
SEN.
SKELOS |
CRUZ |
“We
want to bring companies that will complement each
other, but not compete,” she said.
There are currently close to 20,000 Hispanic businesses
on Long Island, according to Morales-Prieto, and the
chamber now has more than 300 members, up nearly 50
percent in the last eight months. Although the incubator
is mostly marketed to the Hispanic business community,
Morales-Prieto said members don’t have to be
Hispanic to join. For Zagaro, who was busy this week
filling 300 goody bags for an upcoming golf outing,
the SBX represents a chance for her company to get
out of her brick and cedar-shake ranch. “It
offers so much it blew me away,” Zagaro said.
“It will definitely raise the bar for my business.”
Graphics designer Janet Cruz, who currently works
out of an office in her Holbrook home, is another
businesswoman anxious to get into the incubator. A
veteran of a real office environment, Cruz used to
work for now defunct video game company Acclaim Entertainment
in Syosset and Glen Cove. Now out on her own, Cruz
would also like to get her business, Expressive NYC,
out of her house. “There’s a stigma about
home-based businesses,” Cruz said. “The
incubator will bring more exposure and take it to
the next level.” Morales-Prieto said one of
the most important aspects of the SBX is the support
that business people will get from networking and
sharing ideas with each other.
Besides businesses, the incubator will also have a
Youth Entrepreneurship Program, with seminars and
workshops geared to educate high school seniors and
college students. The incubator is designed as a pass
through, not a final destination. There is a two-year
limit for SBX members to stay under the warming lights
before they must leave the nest. “By the third
year they have to be self-sustaining,” Morales-Prieto
said. The SBX will conduct periodic progress reviews
and assist businesses in enhancing their business
plans and prepare presentations to attract potential
investors. The grant to start the incubator came was
secured with the help of Long Island’s state
senate delegation. Senator Dean Skelos, from Rockville
Centre, said that “record growth in Hispanic-owned
businesses on Long Island and across the state demonstrates
the need to support their success, so the local economy
and other businesses can benefit.”
David
Winzelberg can be reached at david.winzelberg@libn.com.
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