The Incubator seeks to restructure the regional job landscape by biasing its tenant selection toward new business creation and job growth in higher-paying growth areas, as well as creation of a more diversified and more robust employment base. In particular, the Board seeks:

• Businesses which are engaged in introduction of novel technologies capable of expansion and job growth at above-average rates

• Businesses which seek to exploit novel market segments and opportunities

• Existing businesses (inside or outside of the area) desiring to create a new regional business base and new job opportunities in the area

• Women-owned and minority-owned new businesses

Potential new Incubator tenants are encouraged to complete and submit a Tenant Application Package, consisting of a Tenant Application, a Business Plan, and a set of Financial Projections, normally covering a three-year forecast horizon. The Incubator’s Board of Directors will make the sole and final determination regarding acceptance and suitability of a potential Incubator tenant, and the Board will base their judgment on the following criteria:

• Attractiveness of the new business in the region

• Match between available Incubator facilities and needs of new business

• Potential for new job creation; potential for higher wage scales

• Strength and experience of the new business management team

• Quality and depth of the Business Plan and Financial Projections

• Adequacy of startup funding

• Capability of obtaining sufficient additional financial resources to sustain growth; potential investor attractiveness

• Potential for viability beyond the normal Incubator residence term of three years