When it comes to starting a new
business, it takes more than just a good idea – look for help to get you
through the bumps. The Emerging Enterprise Center (EEC), a 501(c)3 nonprofit, co-located
with the New Castle County Chamber of Commerce provides reduced cost office
space, but that’s not the only thing it offers. It also offers educational
programs for business owners and regular check-ups to assess progress and set goals
According to the SBA, 66% of businesses
will survive their first two years, and only 50% of companies will survive
their first five years.
A start-up business needs a lot
of support in those early stages, and it is not just financial support. The EEC
is one of several “incubators” for startup businesses in Delaware. However, the
EEC is a bit different than most in the country. It’s not unusual for a Chamber
to offer support to business incubator programs, but it is less common for a
Chamber to embed its own home-grown program inside the existing chamber. The
proximity to a knowledgeable Chamber staff, and over 900 member businesses, and
over 150 Chamber events per year provides EEC’s startups with ample access to
invaluable resources and real examples of successful business owners.
The EEC’s incubator program
provides a combination of affordable space and support resources, along with
one-on-one business and entrepreneurial mentoring, education, networking, and
other amenities that are vital to the success of new companies.
EEC’s business growth workshops
and seminars are designed to help build the critical business skills necessary
for any business to grow and flourish. These interactive workshops incorporate
a decision-making tool kit that helps start-up and growing companies to gain
focus, set agendas, make decisions, and take appropriate action. Each workshop
is complemented by a series of talks and seminars from industry and subject
EEC has a network of strategic
partners, business relationships, and contacts who serve as valuable resources
to incubator members. EEC provides daily access to members of the NCCCC who mentor,
teach seminars, and provide access to the banking and other vital industries.
The EEC accepts everything from main street mom and pop to
new tech companies. Companies are expected to graduate from the program in two
to three years and move on to a more traditional lease office space. For those that
don’t need office space, like a retailer, online seller, or distributor, but
want to take advantage of all of the other features of the EEC’s Incubation
Program, including connection to resources, advice and mentoring, access to
business education and networking events, and especially the business skills
development, the EEC has a virtual and coworking program. Companies and
contractors, can pay monthly and sometimes daily fees, share meeting rooms and
certain services, such as wi-fi and a kitchen.
Since the EEC’s opening in 2008, it
has generated $69 million in revenue, created more than 231 jobs while they
were in the program. For more information on the Emerging Enterprise Center,
check it out on www.EECincubator.com, or contact us at info@EECincubator.com or 302-737-4343.