CORPUS CHRISTI, Texas – The Coastal Bend Business Innovation Center, which operates under the guidance of the College of Business (COB) at Texas A&M University-Corpus Christi, has been awarded a $10,000 grant to further develop and assist small businesses in the Coastal Bend Region. The funding source is Governor Greg Abbotts’s Office of Small Business Assistance (OSBA).
“This grant illustrates Governor Greg Abbott’s continued commitment to small businesses throughout the region,” said Russell Franques, the newly appointed Associate Director of Client Relations at the Business Innovation Center.
The Island University was one of 10 award recipients in the state from the 2016 OSBA Service Provider Grant.
“We are thrilled to receive this recognition from the Governor’s office,” said Dr. John Gamble, Dean of the COB. “The money will be used by the Innovation Center to bridge knowledge gaps encountered by small business owners, raise awareness and disseminate useful information to area small businesses and startups in every aspect of the business development, and extend our programs and services throughout the 11 counties of the Coastal Bend.”
Texas A&M-Corpus Christi established the Business Innovation Center in 2009 to encourage entrepreneurial development. The Business Innovation Center provides targeted resources and services to help small businesses and startup companies to grow and maintain sustainable success.
“Not only does the center tailor its services to the needs of its clients, but we also provide non-clients with vital education and assistance through public workshops and trainings,” said Franques. “We aim to support businesses – big and small – by generating economic development partnerships and diversifying the regional economy.”
According to the Business Innovation Center’s 2015 annual report, incubation clients increased by 38% from the previous year. Also, client performance in 2015 equated to 200 full-time jobs, $6.5 million in generated revenue, and $1.1 million in equity raised. The Business Innovation Center also hosted 25 educational workshops in 2015, with a 100% participant satisfaction rate.
“The Business Innovation Center is committed to expanding opportunity for all business in the entire Coastal Bend region,” said COB Professor of Marketing and Entrepreneurship, Dr. Kent Byus, who also works with the center’s clients. “Through this grant, the Governor’s office is sharing that commitment and it is much appreciated.”
For more information about the Business Innovation Center, go to http://www.innovation4texas.com/.