The Hamilton Mill’s transformation continues into its second year by demonstrating unparalleled success.
One year ago the incubator program refocused on the development of advanced manufacturing, clean-technology, and associated applications; a pivot which has introduced 15 new high growth companies into the program.
Additionally, there continues to be a strong programmatic focus on small business support through the hosting of Butler County’s only Small Business Development Center (SBDC) whose performance has garnered state-wide attention.
According to the latest Ohio Development Services Agency economic impact report, The Butler County Small Business Development Center hosted at The Hamilton Mill is on track to rank second in new business starts and first in capital infusion through the second quarter of 2015.
These are statewide results that compare data from 27 other centers. This is a tremendous accomplishment considering that other centers typically have between 5 and 9 employees. The Mill has 2 counselors.
David Riggs, Director of the Ohio SBDC at The Hamilton Mill, states, “We are very pleased with the economic impact numbers. Associate Director Mark Lankford and I have worked extremely hard to build a successful center here at The Hamilton Mill and at our satellite office in Middletown. The quality of the businesses starting up in these two great cities is truly impressive.”
The collaborative program between federal, state, and local entities includes the Small Business Administration, the Ohio Development Services Agency, The Hamilton Mill, the City of Middletown, the City of Hamilton, and the Hamilton Community Foundation is a proven formula for success. The SBDC program provides business development resources that have meaningful economic impact and long term sustainability.
SBDC counselors are specially trained and qualified to assist new and current business owners in making the proper decisions regarding small business development. In turn, business owners are able to build wealth, expand, and eventually provide employment opportunities throughout the community. The counselors also assist Hamilton Mill clients in taking their startups to the next level.
Additionally, SBDC training programs in both Hamilton and Middletown provide programming and resources for already-established business owners. They have teamed with SELF (Support to Encourage Low-Income Families) and NHS (Neighborhood Housing Services) to coordinate the micro-enterprise program which identifies high potential small businesses for classroom training and possible funding. This program has helped to create over 30 new businesses in Butler County.
Chris Lawson, Executive Director of The Hamilton Mill says, “In every step of the incubator’s reinvention we demanded outcomes over process, quality over quantity, and disruption over status quo – and the impressive results of our incubator program and our Small Business Development Center continue to demonstrate the value in this strategy.”
For additional information on America’s Small Business Development Centers visit americassbdc.org.
For more information about The Hamilton Mill visit http://www.hamiltonmill.org.