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Update 4/30/15: The three economic development authorities have all approved the lease for the new location of the incubator.
Original Post: After plans to move to the City of Williamsburg fell through, the Triangle Business and Innovation Center has found a new location in New Town.
TBIC serves as a business incubator, meaning it helps small businesses and startups get on their feet. The new location is located at 4345 New Town Ave. and consists of the second floor area above Paul’s Deli & Neighborhood Restaurant.
It has been operating out of a site in James City County next to the Ironbound Square Park neighborhood. It tried to move to the former Williamsburg Health Evaluation Center last year, but those plans were stymied in November when the landlord decided to not sign a lease with TBIC.
“We looked at not only accommodating the companies we have but that the incubator is poised for growth,” James City County Director of Economic Development Russell Seymour said at a Thursday meeting of the county’s economic development authority. “We’re starting to get the phonecalls coming in asking for space.”
Seymour said the new location will allow the incubator to grow and accept more businesses. Current businesses in the incubator include landscaping company Hortus America and iTourMobile, a company that specializes in self-guided tours via smartphone.
James City County’s EDA runs the incubator along with the EDAs in York County and Williamsburg. EDAs are public bodies composed of county citizens who can buy and sell property for businesses, issue bonds to help fund business projects and participate in programs designed to spur the area’s economy.
The EDA members in James City County voted 4-0 at Thursday’s meeting to approve the plan to move the incubator to New Town. EDA member Tom Tingle abstained from the vote because of professional connections to the landlord of the building, while members Marshall Warner and Tim Harris were absent. Robin Carson, Paul Gerhardt, Leanne Dubois and Stephen Montgomery voted to approve the move.
The EDAs in Williamsburg and York County must still consider the move later this month. Williamsburg’s EDA meets April 16, while York County’s EDA next meets April 28.
The incubator began in James City County in 2007. Since 2012, it has served all three Triangle municipalities, offering its clients assessments from experts, informal networking and business development assistance.
During its life, the incubator has served several companies, including tech firms, a hard cidery and a medical supply company.