nacce 2013 developing and managing a business accelerator
TRANSCRIPT
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NACCE 2013Developing and Managing a Business Accelerator
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Midlands Technical College
18,000+ credit students annually
1/3 of area high school graduates attending college first enroll at
MTC
100+ programs of study
30,000+ corporate and continuing education students annually
$85 million operating budget
$100+ million assets
Six campuses
Fifth largest college in South Carolina
SACS re-accreditation – 0 recommendations
97% of employers satisfied with MTC grads
90+% performance on licensure exams
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Economic Development in SC:
An Historical Perspective of Success
Farm Factory Future
1965-2005 2005-2020
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MTC Economic Development Clusters
Advanced Manufacturing
HealthSciences
InformationTechnology
AlternateEnergy
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An Evolution from
Reactive to Proactive
• Early Stage: No Interest
• Reactive Stage: Technical College System and State Schools
• Participatory Stage: Skills Funding, K-12 & HE
• Proactive Stage: Anticipating needs
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Engaging the
Economic Ecosystem of the Midlands
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Incubation v. Acceleration:
Setting the Stage for Change
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The Business Accelerator:
A Concept
• Client Arrival: – Graduate of Business Incubator– Landing Party– Existing Business Expansion
• Client Contribution:– JOBS– Capital Investment
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The Business Accelerator:
The Design
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The Business Accelerator:
The Reality
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The Business Accelerator:
In Action
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The Business Accelerator:
Lessons Learned
• Managing Risk• “OPM”• Responsibilities of Being a Landlord• Managing Capacity and Availability• Marketing as a Business• “Just because you can do something doesn’t
mean you should…”• “Private Use Test”
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The Business Accelerator:
Resource Guide
• Copy of Statute• By-Laws• Governance documents• Alternate Procurement Code• Contractual documentation• Legal Opinions
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The Business Accelerator:
College Engagement
• Student exposure to “real world”• Excellent use of Faculty expertise• Increased number of interns• Access to equipment/processes• Utilization of College Resources
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The Business Accelerator:
Community Engagement
• Participating in Advisory Councils• Integration within the local ecosystem• Jobs• Marketing of college and of Accelerator
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The Business Accelerator:
Economic Development Engagement
• Dramatically increased visibility within business community
• Strong, vibrant representation with visiting parties
• BA clients engage potential clients• BA clients engage within the group• Selling point on all visits to Midlands of SC
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The Business Accelerator:
The Future (as we see it)
• Increase the turnover of clients• Expand the Accelerator, adding multi-purpose
spaces of varying sizes• Build a larger version of Accelerator (“OPM”)• Build on Success!!!
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