Home Back Issues January 2009 Umatilla tribe considers incubator for startups

Umatilla tribe considers incubator for startups

| Print |  Email
Archives - January 2009
Thursday, January 01, 2009
PENDLETON The Confederated Tribes of the Umatilla Indian Reservation wants to find a way to nurture startups in the Pendleton area.


In an effort to promote entrepreneurship and small business ownership, the tribe is considering building a business incubator that would house 10 to 20 organizations. The facility would not only give startup businesses affordable space to establish themselves, but would present entrepreneurs the opportunity to share costly support resources, network with fellow tenants, and participate in business training and consulting.

A business incubator would provide the space and services that fledgling businesses need to grow and prosper, says Kathleen Flanagan, director of the tribe’s business service center.

Small business development in Pendleton falls significantly below the national average, according to Art Hill, director of Blue Mountain Community College’s Small Business Development Center. An incubator would bolster job growth, sales revenue and asset appreciation communitywide, says Hill.

The tribe’s business service center, in cooperation with the BMCC Small Business Development Center and the Greater Eastern Oregon Development Corporation, partnered to create and distribute a questionnaire to gauge community interest in the project. When the feasibility study concludes this month, planning officials will have a better grasp of the level of support for the incubator and the needs of the business community.

Although preliminary survey results are unavailable, Hill notes that the discussion with community leaders, tribal leaders and business professionals has been decidedly positive.

The tribe’s next step will be to develop a building design and business plan. With those pieces intact, planning officials will consider both private and public funding to finance the incubators start-up costs, including grant and tribal funding.

“We want to strengthen and grow the private sector on the reservation,” says Flanagan. “What benefits the tribe benefits Pendleton.”                        

NICOLE STORMBERG



Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

 

 

More Articles

Risks & rewards of owning triple net investments

Contributed Blogs
Thursday, July 24, 2014
NNNinvestmentBY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR

With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.


Read more...

Why I became an Oregon angel investor

Guest Blog
Monday, July 14, 2014
AngelInvestBY TERRY "STARBUCKER" ST. MARIE

I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.


Read more...

The global challenge

News
Friday, June 27, 2014
062714 thumb globalmarketBY JASON NORRIS | OB BLOGGER

Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.


Read more...

Oregon Business wins awards

News
Monday, June 30, 2014

ASBPEOregon Business magazine won two silver awards for excellence in writing in the National American Society of Business Publication Editors Western region competition.


Read more...

The Scott Kveton affair

News
Wednesday, July 09, 2014
ScottKvetonBY LINDA BAKER | OB EDITOR

Scott Kveton, the CEO of Urban Airship is taking a leave of absence from the company. As the story continues to unfold, here’s our perspective on a few of the key players.


Read more...

Oversight? Or gaming the system?

News
Monday, July 14, 2014
AmazonBY VIVIAN MCINERNY | OB BLOGGER

Some people think Amazon’s winking eye logo is starting to look like a hoodwink.


Read more...

Interview: Dr. Mark Goulston

Contributed Blogs
Thursday, July 10, 2014
JustListenBY TOM COX | OB BLOGGER

Tom Cox interviews Dr. Mark Goulston, author of Just Listen, Discover the Secret to Getting Through to Absolutely Anyone.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS