Community Based Business Incubator Center

Successess

Our First Company to go live.   

To contact Heirloom Iron you can call them at 518-686-5285 or email them at audioham@taconic.net. Their main factory and studio is located on 30 County Route 59, Buskirk, NY 12028.  Ask for Cherie Giumarra.  They have an enormous collection of unique art and building supports that are manufacturer in Upstate NY. We will shortly have one of their pamphlets on this web site under their own tab.  The 15 point wishing tree has been selling well. They have received orders from Montreal and throughout the local community. They are looking for distributors locally and in New York City, Boston and Montreal.

Take a ride to Buskirk and view their art on display locally or call and see if you can have a tour of their new manufacturing facility.

Congratulations  to all their hard work in building a small manufacturing facility and an artist's studio. We will be adding photographs of their labor shortly.

They are still looking for distributors for their Heirloom Iron Art line in Montreal, Boston and New York City. With that said they have a series of orders that have been placed from Montreal and locally that may use up 50% of their 2010 capacity. Not bad considering this year is just starting.

With the December 2009 unemployment rate at 9.7% and 15.3 million people seeking work, our hat is off to the Heirloom Iron folks for their creativity and entrepreneurial tenacity. 

We have received a lot of positive support from everyone so we want to thank you for working with us. We have received approval for our non-profit status and are moving into our fund raising project. Our goal is to raise 14 million dollars for a 7 year period. We expect to have an annual budget of 1.9 million with 9 employees and provide funding to startup companies at the annual rate of $700,000 per year.  Any one can donate to us and receive the benefits of a tax deduction for that donation.

As we move into 2009, the Upstate NY economy continues to weaken.  Though there certainly are some bright spots of economic development they are overshadowed by heavy layoffs of companies and closing of businesses. The economic development efforts in Upstate NY have not improved the wellbeing of the general population.

We are more committed than ever to the concept that real long term growth for all of Upstate NY must come from the local entrepreneurs. We believe 2008 had 8 investments from venture capitalist and that amount of investment is simply not enough to make a meaningful impact on the general population. The IPO market is gone and mergers are scarce. We are creating a bottom up economic initiative.

We are now developing sources of GAP financing that will allow us to help entrepreneurs move their concepts from the earliest stages of development to the prototype stage to prove or disprove their technical or business concept.  It is also apparent that many investments that are made in start-up companies in Upstate NY demand an exit strategy for the creators. This makes their investment easier to sell but does nothing to stabilize our local economy.  The exit strategy is something that entrepreneurs should avoid since our goal is to increase economic development not to enhance the share holders portfolio. The value of the stock of a start-up will improve more rapidly if the company has strong local roots and a supportive community environment.

We also believe that entrepreneurial concepts must be taught in all of our local schools so that students have the basic concept that they can start their own business in Upstate NY instead of moving to New York City or Boston for good jobs.

Many of our artists have been able to increase their sales by listing some of the creative art work on this Web site.

Thank you for visiting us. We are sure that this year will be a very exciting year.

Volunteer – You might findthis very exciting

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This is what we call real hands on work.