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NACCE 2013 Developing and Managing a Business Accelerator

NACCE 2013 Developing and Managing a Business Accelerator. 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

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NACCE 2013 Developing and Managing a Business Accelerator

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  1. NACCE 2013 Developing and Managing a Business Accelerator

  2. 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

  3. Economic Development in SC:An Historical Perspective of Success 1965-2005 2005-2020

  4. MTC Economic Development Clusters AlternateEnergy InformationTechnology HealthSciences Advanced Manufacturing

  5. An Evolution fromReactive 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

  6. Engaging the Economic Ecosystem of the Midlands

  7. Incubation v. Acceleration:Setting the Stage for Change

  8. The Business Accelerator:A Concept • Client Arrival: • Graduate of Business Incubator • Landing Party • Existing Business Expansion • Client Contribution: • JOBS • Capital Investment

  9. The Business Accelerator:The Design

  10. The Business Accelerator:The Reality

  11. The Business Accelerator:In Action

  12. 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”

  13. The Business Accelerator:Resource Guide • Copy of Statute • By-Laws • Governance documents • Alternate Procurement Code • Contractual documentation • Legal Opinions

  14. 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

  15. The Business Accelerator:Community Engagement • Participating in Advisory Councils • Integration within the local ecosystem • Jobs • Marketing of college and of Accelerator

  16. 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

  17. 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!!!

  18. You Can GetFrom Here Anywhere

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