MBIA Changes Help Incubators Adjust to New Client DynamicsBy George Berkheimer, Senior Writer
January 8, 2014
Posted in: Salute to Economic Development & The Cyber Community
Aiming to continue their records of success, local business
incubators are making some program adjustments to accommodate emerging
trends among their clients.
At the same time, a statewide umbrella organization is undertaking a
major adjustment of its own to help incubators further improve their
quality of service and better communicate success stories.
As part of the overall strategy, the Towson-based Maryland Business
Incubation Association (MBIA) launched its new web site
(www.incubate.md) last month. The new site is designed to improve
connectivity among member incubators and give investors, stakeholders
and interested parties outside the state a convenient portal to explore
Maryland’s incubation system.
Established in 2002, the MBIA is a volunteer organization
representing 22 incubators throughout Maryland. It has played a
significant economic development role within the state, but has more or
less flown under the radar for most of its existence.
According to statistics posted on its new web site, the organization
has supported nearly 550 Maryland companies in urban and rural areas
since its inception, contributing to the generation of 11,800 jobs.
“We’ve got a great story to tell, but we haven’t told it that well
yet,” said MBIA Treasurer and Board Member Neil Davis, who serves as
vice president of operations for Baltimore’s Emerging Technology Center
(ETC). “The new web site will help rectify that.”