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LOCAL ECONOMIC DEVELOPMENT

Base Realignment and Closure - Regional Small Business Incubator
U.S.A.

The Inland Valley Development Agency (IVDA), along with the City of Highland and the East Valley Economic Development Partnership, commissioned Sibley International to develop a Business Plan for a Regional Small Business Incubator. Sibley's statement of work included an analysis of the business, civic, educational and human resources of the East/Inland Valley community and the potential for their involvement with, and support of, the small business incubator. The Business Plan analyzed three major areas: the marketing, financing, and management of the incubator. This included costing the options of new construction versus rehab, a complete financial analysis of the project, including breakeven analysis for the first three years of the project, and comprehensive management plans for the business incubator, including the planned Small Business Support Center (SBSC) located within the incubator.