West Des Moines Business Incubator

“Expenses promotion 7,576 office supplies 823 conferences 2,488 bank charges 422 website 1,351 miscellaneous 17 non-investment depreciation 381 total 13,058”

“Accounts receivable 4,660 7,011 other depcreciable assets 2,764 2,764 less accumulated depreciation 1,432 1,813 total 5,992 7,962”

“Tenant deposits 5,310 5,890 unearned rent - federal grant 14,010 0”

“Foster entrepreneur enterprise and create an entrepreneurial "ecosystem" for early stage service and technology-oriented ventures that will grow, create jobs and maintain strong ties to the local area economy.”

“The west des moines business incubator was founded with a mission of fostering business enterprises via the creation of an entrepreneurial "ecosystem" for early-stage ventures. It offers a gateway for business-to- business-minded entrepreneurs to form successful companies in the local community. An ancillary effect of the organization's effort revolves around vitality in the west des moines business community, retail centers and startup scene. Things are moving. The energy is contagious. People are landing on target. Real conversations are happening. Knowledge is being taken and applied in and around the city, throughout silicon prairie, and across multiple industries. People spilling outside of the incubator and into west des moines neighborhoods also equates to higher traffic counts, alongside the encouragement of sales and commerce at local establishments. At the same time, fresh eyes and new blood are being ushered into the city as new business relationships are established and nurtured - both in and outside of the office. Launching in november 2010, the incubator expanded over the past five years and currently houses 12 companies employing 37 people out of its westown parkway office. These companies employ a total of 77 people whom office out of the incubator - in a full-time or part-time capacity - or on a contract basis. This translates into more than 385 jobs in the local economy. The incubator has assisted up to 14 client organizations at a time - at one point representative of 87 employees and contract employees throughout the greater des moines area and the state of iowa. The nonprofit organization facilitates access to central iowa's management professionals and academic community through corporations, educational institutions, subject-matter experts and successful entrepreneurs. The amenities available to each incubator client are made possible via generous backing from the city of west des moines, a 16-person board, directors clyde evans and jo eckert, and partnerships maintained with area businesses, supporters and entrepreneurial-minded volunteers. Thanks to this collaboration, the actual value of services afforded to each client currently equates to more than 89,000 a year, including affordable rents, 24/7 access to a locked office space with office furniture, a conference room, training room, kitchenette and a 100 mbsp internet connection and other utilities. The incubator hosts a variety of speakers and workshops aimed at informing, educating and connecting its clients to professional consultants and services from local providers. Owners and their employees are provided with access to a nearly continuous stream of business-to-business resources, including real-time presentations by or discussions with professionals operating in the fields of financial services, business coaching, consulting marketing and more. These efforts have included those of attorneys and a cpa with dickinson law firm and mcgowen, hurst, clark & smith, p.c., respectively, on a monthly basis and at no cost to incubator clients. Open houses, ribbon cuttings, graduations parties and alternative events tend to attract dozens of - sometimes more than 100 - people. Visitors often include residents, business owners, civic leaders, young professionals and those exploring opportunities in the workforce - along with business leaders, local or state dignitaries, special guests and a host of brand ambassadors from across the metro and the west des moines community. They have a diverse range of backgrounds in everything from science, technology, education and healthcare to financial services, real estate, manufacturing, economic development and many more. The incubator's quarterly roundtable coffee discussions provide yet another forum for business owners to ask questions, consider new ideas and share valuable information or resources. At the same time, there have been numerous instances of individuals showing up organically at a planned event or in”