2011 annual report The WTAMU Enterprise Center is a center for entrepreneurial development. Through an entrepreneurial community and the process of incubation, the Enterprise Center economic development throughout our region. captures each entrepreneur’s uniqueness and catalyzes innovation and “Top athletes and singers have coaches, shouldn’t you?” We develop top performers. * The Center for Entrepreneurial Development
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Transcript
2011
annualreport
The WTAMU
Enterprise Center
is a center for
entrepreneurial
development.
Through an
entrepreneurial
community and
the process of
incubation, the
Enterprise Center
economic
development
throughout our
region.
captures each
entrepreneur’s
uniqueness and
catalyzes
innovation and
“Top athletes
and singers
have coaches,
shouldn’t
you?”
We develop top performers.*
The Center for Entrepreneurial Development
W A E S P T M E D E L A H U V T T O N L T S O O O R A Y V O IO L I N R H A C R H A N I D S D D P N N P I I T R T T N T D NB E M I O S T U U D P I T S E Y L N S O S S U E S A T S C S DG A I N A U R A A F E R E D I C H O N I C S T C C F S G A R EA D T S T P S S R S L Y A S E V O C A T I O N C O F F E E S LR E U A I A N T R O P S N A R T X A J A T A F N I A S U F M SA R R T N T O O S S R E D L I U B E T I S N A C I R E M A T IU S O R D S R H R S O C V S E N G M O V U U E O P O O D O A DS H I I N R R A C A U I D N T E Y G Q A O E A F T D N S Y A WS I B M A A I S W D I V T C T S R A W D C I D D N E W E B H SA P S I R A S O D E E R O S A E C J I L A A S W V D C E L T TS A A A L S A C D S T E T D E K L S P E E D P A I N T I N G CT M I N O I U S M E T S Y S G N I D L I U B K C O R P A C E SO A O I I R D A I D A Y S H M S I G D F D S S T T W I A A O IN R A M H C I T R A I R E I R E O F T H R A E I A I V O A I RE I N A S O O A I R P O R C R N S S S S E A C N H L L P D I NY L O L T S V A L T E S V E I H H I A I P E I E I V I S M R SH L E I S C I F O D M I P T T O C C Y L L R A O I W A A S E LO O O N E E D I H E T V R I L N I F A G N L E S E S Z L H P OL A O N O V E L P L U D O N R I I L O N D G E I R A W R T I DL N A O S S O I T L A A O N I I Q C L E A D I N G E D G A S CO D E V I S S I S I P T F S S B D U I S C N A N A H S O N B RW C L A T A Y S N K I N A N T V F N I A S I O S F F S O S R SD A N T L F S S O S H I M A Z T S N S D P E F F A A D C S E OE N L I N M T T S R O O A L P N S M E T S Y S F R U M D E C ES Y I O P G E N T R E P R E N E U R S O A I D T O I Y M A E JI O E N N H M T E A N Y I I I C E N C Y C S D B O W O K S R R
G N I S I T S R E V D A L A T I G I D D E H S I L B A T S E QN S F M R C A O F L S W L C W A I S O N N I C I N T S L W H DT I I O R I S A P G T A O V N F H C V I A E I O F G A H F O NO L I M A S A A A A N E I A C N R A L E I I N T S E N E S W P
Waypoint Advisory ServicesTascosa Hot Sauce
Stoney Hollow DesignSpeed PaintingSkilled Trades
Servpro of AmarilloSage Oil Vac
Posh PincPerdue Acoustics
Norris Audio Video SystemsNanoFrio
Murf SystemsLiquid Siding
Leadership Amarillo and CanyonLaw Office of Chris Stewart
Jax TransportInterra
Fanellis Finest
Established Digital AdvertisingEntrepreneurs
English Field AviationDichonics
Caprock Building SystemsBarZ Wines
Animal InnovationsAmerican Site Builders
Air Oasis
Who’s Hatching? {clients}
/2011
p2-3 director’s message p4-5 incubation works new clients
The mission of the WTAMU En-terprise Center is to apply the principles of business incubation as a catalyst for innovation and entrepreneurial development in or-der to foster economic growth for Amarillo and the Texas Panhandle region.
Business incubation is a dynamic process of entrepreneurial devel-opment. The support and synergy found through the Enterprise Cen-ter help entrepreneurs overcome risk, isolation, and barriers to suc-cess.
Our VisionTo create an area-wide entrepre-neurial culture by:
Providing facilities to entrepreneurs that allow them to reduce risks, to lower capital and operating costs, and to assist with their early success.
Providing individual coaching and business-building training programs that teach best business practices, foster competitiveness, and em-power entrepreneurs to become self-sufficient.
Providing education, leadership, and encouragement for innova-tion and creativity.
Providing a model for entrepre-neurial excellence.
{navigation}
{director’s message}
Dear Valued Partners,
This was a defining year for the Enterprise Center. It was a year filled with transition, growth, and optimism for the future.
Our theme was “building a community of entrepreneurs,” and our desire was to energize and accelerate entrepre-neurs by enhancing our programs, services and our space.
The first item on the agenda for community building, es-pecially in this legislative year, was a focus on long-term sustainability – resources, programs for assisting entre-preneurs, and environmental sustainability. Through an en-gagement with Business Cluster Development, a consulting group, we conducted broad-based community interviews with stakeholders and clients. The recommendations pro-vided insight to our role in fostering successful business in Amarillo and the surrounding region. That study, coupled with our strategic plan, formed the plan of work for the re-mainder of the year, and beyond.
In 2011, we began construction to accommodate additional conference space, office space, a coworking area and a com-mercial kitchen. These new spaces open up a new realm of possibilities for food manufacturing, new knowledge-based businesses and collaborative work space for those in the community who want to network and be part of a growing, energetic environment for entrepreneurs.
We also expanded our programs to include a weekly pre-incubation program that helps founders in the development and commercialization of an idea, called Idea Village. This program engages entrepreneurs at the idea stage so that they begin to see the real market opportunity for their idea, and helps them communicate it to potential investors and custom-ers who have a need for the problem they solve.
We were awarded an EDA University Centers grant to foster and promote entrepreneurial culture throughout the region. Partner-
ing with LeadingEDG, a new company focused on business facilitation and economic development, we assist start-up and early-stage entrepreneurs in communities throughout the region. Other activities include commercialization of technology, sales training, and partnerships with local news affiliates to promote entrepreneurship as a way of life.
This year we added 13 clients to the incubation community. We are at 85% occupancy. Not only are we experiencing tremendous growth and acceleration among our client com-panies, we are also seeing increased demand in five distinct sectors: manufacturing, distribution/logistics, food, agricul-ture technologies and clean technologies. So, in an effort to support our mission as a catalyst for innovation and en-trepreneurial development, we took a glance into the future of the Enterprise Center, and we proposed the acquisition of 2.5 acres of land that will expand our entrepreneurial cam-pus to more than 70,000 square feet.
We are blessed to have a fun, hardworking team, coachable clients and a fantastic array of partner organizations who make entrepreneurial development in the Panhandle region possible.
I’m pleased to present this year’s annual report. In an ef-fort to expand our thriving entrepreneurial community, Incubation Works!
We are blessed to have a fun, hardw
orking team,
coachable clients and a fantastic array of partner organizations w
ho make entrepreneurial
development in the Panhandle region possible.
Incubation and the entrepreneurial community...
{david terry}
incubation
Successful entrepreneurs thrive in an environment of their peers where camaraderie, accountability, and creativity are present. The Enterprise Center is evolving into a culture that depicts this professional entrepreneurial environment. This is a place where you can be real, where you can explore the possibilities to realize your dreams and be part of a family of diverse and dynamic entrepreneurs.
Much of this culture is directly derived from the coaching experience. Whether internal or external, all clients receive hands-on management assistance and coaching from experienced coaches.
“Coaching is a catalyzing relationship that accelerates the process of great performance. Through this collaborative
partnership, we connect with clients at the deep personal level of beliefs, values and vision…”
The Enterprise Center welcomed 13 clients in 2011
American Site BuildersBarZWineryCaprock BuildersDichonicsEnglish Field AviationEstablished Digital AdvertisingFanelli’s Finest
JAX TransportLeadingEDGLiquid Siding of AmarilloMurf SystemsNanoFrioSpeed Painting
Graduated 1 client
Interra
worksClients of the WTAMU Enterprise Center receive a variety of services through incubation including:
Goal oriented strategic planning and business coaching from experienced coaches
Hands-on management assistance
Networking and training opportunities
Access to state-of-the-art conference and training rooms
Reduced cost of Enterprise Center sponsored training events
Access to shared office services & reduced cost, flexible leases with expandable space
Why Incubation?
The incubation process allows entrepreneurs to preserve capital and gain external support to accelerate their businesses’ growth. Through business incubation, the Enterprise Center captures each entrepreneur’s uniqueness and offers support and customized services to maximize businesses
potential.
The Egg
The WT Enterprise Center offers pre-incubation services that assist entrepreneurs in taking their ideas and concepts to market. Our pre-incubation services and programs assist in discovering the viability and the opportunity for an idea to become a success. We provide hands-on guidance for entrepreneurs to make their first steps while minimizing risk and
isolation.
The Hatch
Incubation combines facility resources, support services, strategic consulting and coaching to achieve ambitious results in an accelerated time frame. The support and synergy from the Enterprise Center help entrepreneurs lower risks, overcome isolation, and break down
barriers to success.
Who’s Hatching
Enterprise Center clients are basic-industry businesses—ones that primarily export their products or services outside the Amarillo area, bringing new money into our local economy. Industries currently supported by the Enterprise Center include wind technology, construction, environmental technology, manufacturing, information technology, food manufacturing, sales, service and distribution, graphic design, and
medical technology.
Leaving The Nest
The ultimate goal of incubation is to launch profitable, sustainable entrepreneurial companies. Graduation is determined cooperatively based on mastery of core business functions; for most companies, it will take place within three to five
years.
not for chickens
Good plans shape good decisions. That’s why good planning helps to make elusive dreams come true. - Lester Robert Bittel (b. 1918), writer
The Amarillo Enterprize Challenge is a program of the WTAMU Enterprise Center, funded by the Amarillo Economic Development Corporation, designed to help entrepreneurs expand an existing business or launch a new business. Everyone who participates gains a better understanding of how to develop and follow a realistic business plan, and qualifying entrants can request a share of $500,000 in capital funding grants. Through coaching and consultation, the WTAMU Enterprise Center guides entrepreneurs through the funding process.
To date, through the Amarillo EnterPrize Challenge program, 52 businessess have received cash grants of as much as $100,000 each, totaling more than $3 million in grants over the past 16 years. Altogether, these firms have created 327 new jobs and brought more than $27.3 million into the Amarillo economy. In addition, these companies have invested more than $6.7 million in additional capital since receiving their grants.
1552Total # of entrepreneurs that have participated in the business planning process through Amarillo EnterPrize Challenge
52Total # of businesses funded
76.09%% of businesses funded by AEC that are still in business
$3 millionTotal amount of $ invested
327Total # of jobs added
$27.3 millionTotal revenues added
$6.7 millionTotal additional capital invested
98Average # of entrepreneurs that receive business planning assistance each year through AEC workshops/consultation (September - January)
2010-2011Dr. Neil Terry – WTAMU COBEddie Scott – Greenways of AmarilloAmy Henderson – Amarillo National BankElliott McKinney – IPSJill Dana – McDonald’s
2009-2010Don Sanders – Sir SpeedyChris Stewart – Stewart Law FirmMark Marrs – Interstate BankDr. Neil Terry – WTAMU COBEddie Scott – Greenways of Amarillo
2008-2009John Marmaduke – HastingsDr. Anne Macy – WTAMU FinanceDon Sanders – Sir SpeedyChris Stewart – Stewart Law FirmMark Marrs – Interstate Bank
2007-2008Aaron Sage – Sage Oil VacBrett Taylor – MicroFourMarvin Franz – Wells Fargo BankDr. Anne Macy – WTAMU FinanceJohn Marmaduke – Hastings
2006-2007Karen Suhr-Hicks – CastersDr. Barry Duman – WTAMU ManagementAaron Sage – Sage Oil VacBrett Taylor – MicroFourMarvin Franz – Wells Fargo Bank
2005-2006Melody Brenna – MilestoneSam Spradlin – TechsprayGregg Jordan – Amarillo National Bank Dr. Barry Duman – WTAMU ManagementKaren Suhr-Hicks – Casters
2004-2005Tony Freeman – Trafton PrintingMichele Fortunato – Brown, FortunatoMelody Brenna – MilestoneSam Spradlin – TechsprayGregg Jordan – Amarillo National Bank
2002-2003Dr. Billy Smith – AQHARoger McCoy – McCoy Myers & AssociatesKerry Adair – Plains National Bank Jean Walker – WTAMU Finance, Econ., Ed.Charlie Sammann – Backyard Adventures
2001-2002Gary Wells – First State BankJohnny Coker – Arden-ParadiseDr. John Cooley – WTAMU COBDr. Billy Smith – AQHARoger McCoy – McCoy Myers & Associates
2000-2001 Dr. John Cooley – WTAMU COBGreg Meador – Fellers-AmarilloCindy Kyle – Amarillo Hardware Co. Gary Wells – First State BankJohnny Coker – Arden-Paradise
Amarillo EnterPrize Challenge Judges
nanoFRIO, LLC
nanoFRIO’s advanced technology is proven, revolutionary and capable of creating a worldwide center for production of energy conserving components. nanoFRIO will manufacture it’s unique core component in Amarillo under five issued patents. nanoFRIO will produce ultra high efficiency cooling and air conditioning systems that use only 10% of the electrical energy of conventional systems.
American Site Builders, LLC
American Site Builders (ASB) is a civil concrete contractor for the energy and utility industries. ASB specializes in deep drilled pier concrete foundations for electrical components for substations, transmission lines, wind turbines, and power generation plants.
Jax Transport, LLC
JAX Transport is a corporation that provides on time food transportation and distribution services throughout the entire 48 states via (truck/trailer) semi trucks and 53’ refrigerated trailers.
English Field Aviation
English Field Aviation, established in 2010 is an aviation inspection and repair facility. English Field performs inspections, parts, service and repairs for private airplanes and service ground equipment for major airlines at Amarillo airport.
Posh Pinc
Posh Pinc, established in 2006, is a business-to-business manufacturer and distributor of hair bows, accessories and apparel. Products include bows, headbands, hats, paci clips, flowers, clippies, bow holders and tutus for children’s fashion.
Dichonics Corp.
Dichonics is a medical device company formed in 2010 and is derived from the word “dichotic” which means two different acoustic signals (sounds). Dichonics’ technology involves using complex mixtures, different in each ear, to neurologically cancel tinnitus.
2011 Recipients
Past EnterPrize Challenge winnersActuaries & AssociatesAE & CS Inc.Air OasisAirupsAKSYS Group LLCAmarillo Cattle FeedersAmarillo Design Bureau IncAmarillo TortillasAmerican Site BuildersAnderson Automotive, Inc.Brush Eaters Inc.Canyon Creek Soap CompanyCherished Petals Inc.Cooke Electrical Contractors Inc.Country Harmony Plastics Inc.
Dichonics CorporationDrugAssistant, LLCEnglish Field AviationFilm Amarillo Filter MaxG&M Global Enterprises Inc.Headsets, Inc.Hide-A-Bed Trailer MFG.Hoop 10ICF Direct Service Center Inc.Innovative Product Solutions, LLCISR Filtration INCJax Transport LLCKelly & CoLa Tapatia
Midwest Fab and ConstructionMilestone ArchitecturalMVC, Inc.Nanofrio, LLCNutri-Chem Inc.Original ConditionPedal PaddlePerdue AcousticsPilgrim Co. INCPlaskaPlasmac Inc.Posh PincRamblin ProseRoberts Ditching LLCSage Oil Vac, Inc.
Enterprising Ideas Annual attendance: 75Enterprising Ideas Quarterly Training is a half-day program with hands-on facilitated workshops. These workshops are designed to provide entrepreneurs and established businesses’ managers with critical evaluation tools and action steps needed to maximize growth and profitability.
2011 Enterprising Ideas Speakers:
1st Quarter: Sincere Selling, with Real Results Presented by: Coco Duckworth, CEO Encourage Consulting
2nd Quarter: What do you know about Culture? Presented by: Hiliare Henthorne, Passionate Purpose Coaching
3rd Quarter: Five Musts for the Modern Day Entrepreneur Presented by: Tracy Hays, Hays and Hays, CPA’s
4th Quarter: Create a sales system and get in front of the customers you want to Presented by: Amy Keuper, Initial Call
Idea Villiage Participants: 5Idea Village is a pre-incubation program designed for a group setting in which WT Enterprise Center staff work directly with entrepreneurs and founders. The collaborative work space makes for a dynamic process that allows an entrepreneur to find the real business value inside their innovations. Idea Village was launched in 2011 as the cornerstone program for pre-incubation services. 4 businesses launched.
The WTAMU Enterprise
Center strives to provide timely
entrepreneurial training programs
for incubator clients and the business
community. Through
networking events, collaborative
training events and on-going
group coaching programs, the
WTAMU Enterprise Center empowers
our business community to grow
and excel.
Lunch & Learn Annual event attendance: 522For the fourth year, area entrepreneurs come together to share the “Big Idea” that catapulted their business to the next level. This monthly networking event has consistently grown year over year, providing a connection point for entrepreneurs throughout our community.
Almost as hard as finding your first customer is following up with your second….Not anymore-
The Enterprise Center continues to grow. At year end 2010, 78% of our leasable space was occupied. 2011 brought an additional 13 incubation clients and a need for additional shared space and amenitites to support sector focus.
Leased office space increased 20% from 2010 and provided tangible proof of a need to pursue sustainable processes, facilities and relationships to support the growth of our entrepreneurial community.
{facilities}
Shared facilities include: CoWorks, a designated coworking space. Shared workspace with shared printers and office resources. Two private conference rooms with audio/video and teleconference technology. A state-of the art training room. Break rooms-with full kitchens, showers and lockers for production support staff. All shared facilities are Wi-Fi enabled and utilize VOIP phone systems, providing flexibility throughout the building.
Over 101 days were reserved for collaborative client meetings in our conference room in 2011. Eighty four events held in the training room at the Enterprise Center in 2011. The Enterprise Center is the Center for Entrepreneurial Development.
The Enterprise Center currently offers client companies: 10 production spaces ranging from 840 sq. ft to 1764 sq. ft per space.
Production space amenities include dock-high accessibility, gas, water, air conditioning, warehouse space with some including attached office space.
24 office spaces ranging from 152 sq. ft to 269 sq. ft. Office amenities include networked server accessibility, carpet, and whiteboard space.
Innovative and flexible facilities are essential to entrepreneurial development and growth. Graduated flexible lease rates allow Enterprise Center clients to move 2-3 times within the facility as growth occurs, preserving more capital for business growth and strengthening the community engagement within the Enterprise Center.
Production Space:8,543 sq. ft.
Office Space:4,095 sq. ft.
78%Total Leased
12,638 sq. ft.
70%Production
5,988 sq. ft.
22%Available
2,750 sq. ft.
95%Office
3,900 sq. ft.
economic impact dataand Accomplishments
We’d like to put an end to your small business.
The Enterprise Center connects entrepreneurs to valuable resources and provides
training and networking opportunities catalyzing innovation throughout
our business community.
**All economic impact data is measured and reported based on West Texas A&M University fiscal year Sept. 1, 2009 – August 31, 2010.
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643Combined attendance for entrepreneurial training programs including Enterpris-ing Ideas, Lunch & Learn, Idea Village and the Amarillo EnterPrize Challenge was 643 in 2011. Through these programs, entrepreneurs and business managers have been trained with the critical evaluation tools and action steps needed to maximize the growth and profitability of their business.
Chris StewartAdvisory MemberLaw Office of Chris Stewart, PC
Brad MartinAdvisory Member ScottCo
Mark MarrsAdvisory Member Interstate Bank
Debra McCarttAdvisory Member Pantex
Johnny MizeAdvisory Member Self Employed
David PrescottAdvisory Member Talon, LPE
WTAMU Enterprise Center team
Ann StanfordAdministrative Services CoordinatorAnn Stanford has been in administrative office management for almost 30 years. She now serves as Administrative Services Coordinator for the WTAMU Enterprise Center, where she is responsible for all administrative services including lease management, building access, bookkeeping, purchasing and vendor relationships, and financial reporting. Ann was recognized by the Amarillo chapter of the International Association of Administrative Professionals as member of the year in 2010. Ann and her husband, Steve, own S&M Automotive in Borger, Texas.
Melissa KalkaClient Services CoordinatorMelissa Kalka grew up in an entrepreneurial family in Amarillo. She owned and managed a successful retail store for more than 20 years. Melissa’s unique background provides an added value to clients of the WTAMU Enterprise Center. In her role as Client Services Coordinator, she is responsible for client communication and reception. She will often be the first person a potential client will encounter. In addition, she is responsible for database management, events and program coordination, and client communication.
Drew Whipple Facilities ManagerDrew Whipple has 10 years’ experience in the construction industry and 22 years’ experience in turf grass/lawn maintenance. He attained a Bachelor of Science degree from West Texas A&M University in 1991.
As a former business owner, Drew can empathize with the needs of entrepreneurs. He serves as the Facilities Manager for the WTAMU Enterprise Center, working diligently to maintain facilities and to create a great working environment for entrepreneurs to start and grow.
Brian Whipple Program CoordinatorBrian Whipple received his BBA in Marketing from West Texas A&M University in 2010, and has now filled the position of Program Coordinator at the WT Enterprise Center. In this position, Brian assists in the implementation of the programs at the WTAMU Enterprise Center in order to build the entrepreneurial community. Brian will be starting and managing the coworking space for the WTAMU Enterprise Center, and will be assisting pre-incubation entrepreneurs through early stage trainings and programs. Brian also fills the role of social media manager, and assists in other day-to-day marketing efforts.
David Terry, MBA, CEGExecutive DirectorBusiness CoachDavid Terry cofounded the WTAMU Enterprise Center with his mentor, Mr. Don Taylor. David has received CEG certifications through Coach University and is pursuing ACC credentialing through the International Coaching Federation.
In addition to coaching entrepreneurs, David leads the WTAMU Enterprise Center as Executive Director. David currently serves on the Amarillo Chamber of Commerce Business Council and is 1st Vice Chair of the National Business Incubation Association board of directors and a member of its executive committee. David also owns ChopChop Japanese Steakhouse.
Jeff Reid, B.B.A., CEGIncubator DirectorBusiness CoachJeff Reid is a long-time resident of the Texas Panhandle. His experiences as a banker and small business owner have uniquely positioned him to understand the many issues his clients face on a daily basis. Jeff has received CEG certification through Coach University and pursing a Master of Science degree in economic development & entrepreneurship from the University of Houston in Victoria.
In addition to his coaching responsibilities, as Incubator Director Jeff manages the Enterprise Center’s day-to-day operations, monitors and evaluates processes within the incubator program, and assists in the development and implementation of client training programs. He is keenly interested in helping his clients achieve their personal goals.
Cori Burns, MBA, CEGAdministrative Services and Marketing DirectorCori Burns has consulted and coached entrepreneurial companies through strategic planning and growth for more than 12 years. Cori has received CEG certification through Coach University and is a member of the National Business Incubation Association, Texas Business Women and the Amarillo Young Professionals.
In addition to her coaching responsibilities, Cori is responsible for all communications, advertising, evaluation of client performance and program implementation. In addition to her role with the WTAMU Enterprise Center, Cori owns Cori Burns Consulting, an advertising and marketing consulting company. Cori was named a “Top 20 under 40” business professional by the Amarillo Chamber of Commerce in 2011.
Clockwise from top left:
David TerryDrew WhippleBrian Whipple
Jeff ReidCori Burns
Melissa KalkaAnn Stanford
• We are committed to helping our clients achieve business growth, profits, and long-term sustainability. • We are committed to using creativity, innovation, and entrepreneurial thinking to assist clients and improve our programs. • We are committed to accomplishing our work with honesty, open accountability,
and integrity. • We are committed to having the knowledge, skills, tools, and resources needed to guide our clients to success. • We are committed to the wise investment of public funds, to operating in an efficient and frugal manner, and to being good stewards all our resources.
Innovation doesn’t happen in a vacuum. You’re never alone. No one has the key just by himself.
{partners and collaborations}
The WTAMU Enterprise Center collaborates with organizations, industry leaders and entrepreneurs world-wide. As a leader and member within
the economic development community and the National Business Incubation Association, we strive to provide resources and connections
to budding innovators and growth oriented companies, growing our local economy and our entrepreneurial community. Collaborations with innovators and economic development partners are key to our success
and the success of our entrepreneurial clients.
Amarillo Chamber of Commerce
Amarillo College
Amarillo EDC
Amarillo Hispanic Chamber of Commerce
Borger EDC
Dumas EDC
Economic Development Administration
Emerging Technology Fund
The High Ground of Texas
Leadership Amarillo & Canyon
Leading EDG
National Business Incubation Association
Ogalalla Commons
Pampa EDC
Perryton CDC
State of Texas
Tech Fort Worth
Texas A&M University
Texas Business Women
Texas Agrilife Extension
Texas Manufacturing Assistance Center
Texas Panhandle Regional Development Corp.
University Economic Development Association
WendyKennedy.com
West Texas Angel Network
WTAMU Small Business Development Center
West Texas A&M University
{con
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}
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We cannot always build the future for our youth, but we can build our youth
for the future. -Franklin D. Roosevelt
The WTAMU Enterprise Center develops entrepreneurs of all levels
and in 2011 continued an internship program designed to educate
and develop young entrepreneurial minded WTAMU students
pursuing a career in business. Our interns support incubator clients
through special projects and are intimately involved in learning
the business of incubation and what it takes to be a successful
entrepreneur.
Maegan Arnold, BA Advertising
MA Mass Communications expected graduation December 2011September 2010 – December 2011Now: Marketing Director, Laura Bush Foundation
Brian Whipple, BBA with an emphasis in Marketing
September 2010- February 2011Now: Program Coordinator, WTAMU Enterprise Center
DECA:
Brian and Jeff judged oral presentations by area high school students who were given a brief case study they had not previously seen. They were to identify the problems presented in the case study and provide plausible solutions. Winners advanced to the next round of competition.
Ogallala Commons:
The Enterprise Center hosted a summer Entrepreneur Tour and Workshop. The focus was learning about the Enterprise Center and the programs we offer, meeting and engaging with other students and hearing ideas from entrepreneurs.
Participated in a community fair day in Nazareth which was focused on sharing ideas about how rural communities can improve economically as well as their quality of life. Brief presentation about entrepreneurship as a means of economic development.
Participated and presented at the Youth Engagement day at Campo, Colorado. Spoke to a group of junior students about entrepreneurship and encouraged them to consider entrepreneurship as a career path.
Judged the annual business plan competition which culminated with oral presentations at the Youth Entrepreneur Fair in Plainview. Schools represented were from Castro, Hale and Swisher counties.
The WTAMU Enterprise Center also actively participates and supports entrepreneurial development at the high school level through the
following programs in 2011:
Amarillo Independent School District- Welcome to the Real World
Canyon Independent School District- Pursuing Real Opportunities PRO Program
River Road High School DECA competition
Ogallala Commons Entrepreneurship Tour and Workshop
Community Fair Day Nazareth- Texas
Youth Entrepreneurship Day- Campo, Colorado
Youth Entrepeneruship Fair Plainview, TexasCastro, Swisher and Hale Counties
Advisory Board and Business Plan Competition for WTAMU Students In Free Enterprise
TM
TM
dichonics
{clients}
ALL-WEATHER PROTECTIVE COATING
D E S I G N
Environmental Rehabilitation
{2011graduate}
Environmental Rehabilitation
InTerra is leading the way with cutting edge technologies in the
agricultural, maintenance and lubrication, and industrial
energy industries
Bob Patton, Owner/CEO
806.206.82896716 Club Meadows DriveAmarillo, Texas 79124www.interraus.com
joined the nest
{3.09}
InTerra is leading the way with cutting edge technologies in the
agricultural, maintenance and lubrication, and industrial energy
industries. InTerra is a clean technology company providing the
most advanced products for soil fertility, restoration, reclamation,
environmental mishaps, and proactive maintenance programs.
Seven years of successful marketing (backed by thirty-five years of
successful field trials and studies) and the highest quality humate based
products in the market, places us as a leader in the industry. Interra’s
agricultural products surpass expectations and perform to allow the
farmer increases in quality, yield, and in turn, overall profits. Interra’s
industrial and energy products allow safe, quick, and affordable on-
sitecleanup and remediation of petroleum spills and mishaps. Along
with the previous industries, the Generation 2 Filtration units can save
money while saving the environment. The filtration units clean the oil
and hydraulic fluids of engines and mechanical systems which means
far less oil/hydraulic fluid changes.
Interra is a 2011 Graduate of the WTAMU Enterprise Center incubation
program. Interra expanded their operations, team and distribution
space in November of 2011 and is on the way toward exponential
growth.
2011 ENTERPRISE CENTERGRADUATE
2004 ENTERPRISE CENTERGRADUATE
TM
TM
reduces contaminants more efficiently than a HEPA filter without the high cost of replacing filters on a regular basis
Air Oasis designs, manufactures, services, and sells
air purification systems for residential and commercial
use. Air Oasis nano HCT 9” Induct Technology,
originally developed by Nasa, does not rely on filters
and is virtually maintenance free. In fact, in many
circumstances our AHPCO technology, reduces
contaminants more efficiently than a HEPA filter
without the high cost of replacing filters on a regular
basis. This technology creates an extremely energy
efficient air purifier that operates on a fraction of the
electricity required by most air purifiers. Air Oasis
Walmart and 29 United Supermarket Stores across Texas.
Melody Branum, Owner/CEO
806.373.78232300 N. WesternAmarillo, Texas 79124www.tascosahotsauce.com
joined the nest
{4.09}
Waypoint Advisory Services is the area leader in credit union auditing and consulting
Waypoint Advisory Services Inc. is the area leader in
credit union auditing and consulting. In April 2011,
Waypoint Advisory Services Inc. was formed as a
combination of Barrett T. Lynch, LLC and Greg R.
Schmidt, LLC, serving nearly 50 federally insured
credit unions in and around the Texas Panhandle.
Waypoint provides the following services to federally
insured credit unions: annual audit services,
periodic internal control tests, facilitated strategic
planning sessions, compliance tests and policy
development, bi-annual account verifications,
fraud and account investigation and staff and
director training. Current markets include West
Texas, southeast portion of Colorado and parts of
Oklahoma as far east as Tulsa. Expansion plans
include partnerships with firms in North Carolina,
South Carolina, Ohio and DFW, Texas.
Barret T. Lynch, PresidentGreg R. Schmidt, CPA, CFE-CEO
855.275.92972300 N. WesternAmarillo, Texas 79124
joined the nest
{5.12}
Our duty, as men and women, is to proceed as if limits to our ability do not exist. We are collaborators in creation. -Pierre Teilhard de Chardin
The Enterprise Center engaged with Business Cluster Development, a consulting group, and conducted a broad based community study inclusive of community interviews with stakeholders and clients. In 2011, this study and our success has given us insight to our role in fostering successful entrepreneurial development within our community and the surrounding region.
With our current facility now inclusive of a commercial, shared-use kitchen, a coworking space, more office space and conditioned production space, our nest is full. Economic impact studies show that the cost per job for incubator companies is less than $5000 and the average wage created per employee is over $35,000.
As we look ahead to diversified industries in our region our focus lies in • Kitchen/Food • Ag Tech • Manufacturing • Distribution/Logistics • Clean Tech
This focus, combined with the development of more cutting edge space specifically designed to foster innovation and support entrepreneurial growth, will continue to grow our community and provide opportunity for our region.
{look ahead}
{lanswers}
W A E S P T M E D E L A H U V T T O N L T S O O O R A Y V O IO L I N R H A C R H A N I D S D D P N N P I I T R T T N T D NB E M I O S T U U D P I T S E Y L N S O S S U E S A T S C S DG A I N A U R A A F E R E D I C H O N I C S T C C F S G A R EA D T S T P S S R S L Y A S E V O C A T I O N C O F F E E S LR E U A I A N T R O P S N A R T X A J A T A F N I A S U F M SA R R T N T O O S S R E D L I U B E T I S N A C I R E M A T IU S O R D S R H R S O C V S E N G M O V U U E O P O O D O A DS H I I N R R A C A U I D N T E Y G Q A O E A F T D N S Y A WS I B M A A I S W D I V T C T S R A W D C I D D N E W E B H SA P S I R A S O D E E R O S A E C J I L A A S W V D C E L T TS A A A L S A C D S T E T D E K L S P E E D P A I N T I N G CT M I N O I U S M E T S Y S G N I D L I U B K C O R P A C E SO A O I I R D A I D A Y S H M S I G D F D S S T T W I A A O IN R A M H C I T R A I R E I R E O F T H R A E I A I V O A I RE I N A S O O A I R P O R C R N S S S S E A C N H L L P D I NY L O L T S V A L T E S V E I H H I A I P E I E I V I S M R SH L E I S C I F O D M I P T T O C C Y L L R A O I W A A S E LO O O N E E D I H E T V R I L N I F A G N L E S E S Z L H P OL A O N O V E L P L U D O N R I I L O N D G E I R A W R T I DL N A O S S O I T L A A O N I I Q C L E A D I N G E D G A S CO D E V I S S I S I P T F S S B D U I S C N A N A H S O N B RW C L A T A Y S N K I N A N T V F N I A S I O S F F S O S R SD A N T L F S S O S H I M A Z T S N S D P E F F A A D C S E OE N L I N M T T S R O O A L P N S M E T S Y S F R U M D E C ES Y I O P G E N T R E P R E N E U R S O A I D T O I Y M A E JI O E N N H M T E A N Y I I I C E N C Y C S D B O W O K S R R
G N I S I T S R E V D A L A T I G I D D E H S I L B A T S E QN S F M R C A O F L S W L C W A I S O N N I C I N T S L W H DT I I O R I S A P G T A O V N F H C V I A E I O F G A H F O NO L I M A S A A A A N E I A C N R A L E I I N T S E N E S W P
Waypoint Advisory ServicesTascosa Hot Sauce
Stoney Hollow DesignSpeed PaintingSkilled Trades
Servpro of AmarilloSage Oil Vac
Posh PincPerdue Acoustics
Norris Audio Video SystemsNanoFrio
Murf SystemsLiquid Siding
Leadership Amarillo and CanyonLaw Office of Chris Stewart
Jax TransportInterra
Fanellis FinestEstablished Digital Advertising
EntrepreneursEnglish Field Aviation
DichonicsCaprock Building Systems
BarZ WinesAnimal Innovations
American Site BuildersAir Oasis
“The entrepreneur always searches for change, responds to it, and exploits it as an opportunity.” - Peter F. Drucker
The WTAMU Enterprise Center’s incubation services and programs help entrepreneurs navigate through the entrepre-neurial maze, mitigating risk, creating synergies with other successful businesses and resources and ultimately accel-erating entrepreneurial growth and success.
2300 N. Western • Amarilllo, Texas 79124806.374.9777 • www.IncubationWorks.com