Business incubation: A model that works

The Santa Fe Business Incubator has plenty to show for its 20 years of existence: More than 145 companies have taken flight from the ever-expanding facility at 3900 Paseo del Sol in Santa Fe, and 1,000 new jobs have been created, 49 of them in the last fiscal year.

Paying attention to the business climate and adapting to opportunities explain the incubator’s longevity, according to president and CEO Marie Longserre. SFBI is “an environment that celebrates entrepreneurship, relationships and connections,” she said. “We reduce barriers and create networks.”

Community support, reliable funding sources and collaborative partnerships with economic development organizations sustain the success of Santa Fe Business Incubator and New Mexico’s other business incubators: The Enterprise Center at San Juan College in Farmington, Arrowhead Center at New Mexico State University in Las Cruces, Taos Economic Development Center, Navajo Tech Innovation Center at Church Rock, WESST Enterprise Center and South Valley Economic Development Center in Albuquerque.

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