Take a Chance on…this startup! What startups are talking to us about for their location decisions.

 

We all remember the 1970’s song by ABBA ‘Take A Chance On Me’...

You probably know that, as business prospectors, we speak to lots of companies. But did you know we talk to many that are in pre-revenue, startup stages? These companies are eager and working hard to grow to the next level. And, they are looking to locate in areas that can support a company at their early stage. In other words…

 

FUNDING & INCENTIVES

 

One recent startup we spoke with is a pre-revenue biotech company that is going through clinical trials, but anticipating rapid growth and looking for a location for the headquarters, manufacturing, and research and development operations. Like many of their larger counterparts, their biggest driver for selecting a place to locate is ultimately the incentives package offered by a community. This particular company was eyeing New Jersey and Massachusetts.

 

Of course, incentives are not the only driver. In addition to a competitive incentive package, most startup companies are looking for a community that offers a strong entrepreneurial ecosystem that can support their future growth—from talent, to real estate, to quality of place.

 

Is your EDO willing to take a risk on attracting early stage companies?
Whether you’re trying to fill an incubator or attract applications for a startup competition, our team can help by assessing the entrepreneurial ecosystem to identify opportunity sectors, assembling a list of startup companies to target, and/or conduct direct outreach to generate leads. Contact us to learn more!

Contact Information

120 West Avenue, Suite 303
Saratoga Springs, NY 12866
518.899.2608
info@camoinassociates.com

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