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Business Incubator

rograms and services designed to improve the viability and strength of small businesses.

The TED Center Business Incubator is a multi-tenant facility with associated programs and services designed to improve the viability and strength of small businesses and serve the economic development role of creating new jobs.

The business incubator program provides

Rental space

Shared office support services

Professional consultation

Access to management / technical assistance

Computer training

Job creation and entrepreneurial education workshop

Business owners and residents of the Delray Beach Community Redevelopment Agency District are eligible to receive subsidized business incubator services through the TED Center’s program.

Eligible Business Incubation Services Include:

Office Space Rental

Incorporation Services

Fictitious Name Registration

Business Plans

Marketing Plans

Marketing Plans

Graphic Design Services

Website Design

Business Incubator

ECONOMIC IMPACT

2250000

CAPITAL AWARDED TO INCUBATOR CLIENTS

The TED Center’s Incubation Program nurtures budding community entrepreneurs from the beginning business idea until they can become financially viable, fully operational and a creator of new jobs in the community. In a sense, we serve as an economic development agency for micro-business entrepreneurs. Our Target Area includes diverse communities throughout the entire Palm Beach County region. The Incubator Program encourages small companies to locate within our target area creating more jobs for the local economy.

Our “One Stop Shop” Model provides nearly every service from soup to nuts services for emerging businesses, so they can succeed on their own. The services include – low cost office rentals, technical assistance, shared office support services, professional consultations, entrepreneurial training workshops, computer skills training, bookkeeping services and materials specifically designed to meet their particular needs. Approximately 35 training seminars and workshops were conducted during the past year involving more than 400 entrepreneurs that represent more than a 35% increase from the previous fiscal year.

Our monthly Networking Events continue to be a constant positive presence for our members and other members of the community interested in the TED Center and its services. Attendance has grown for each event, and new memberships are regularly started at each session. Clients make numerous contacts which they use later to enhance their businesses.

The Business Incubator Program continues to provide quality technical assistance, to include financial literacy and business plan development, in addition to market research services.

Scope of Services

The Business Incubator Program’s SCOPE OF SERVICES provided by the TED Center includes, but are not limited to the following items. Many are provided at no cost. The balance of services are provided at a very minimal fee, very far below the fees clients are ordinarily charged for the same work done elsewhere. Services provided for each client are determined and based on a professional assessment of each client’s individual needs.

The following is the Business Incubator checklist of the initial technical micro-business steps which we take on behalf of our members. These are the essential building blocks for all small businesses, wherever the businesses are located and regardless of the product or services provided.

Name Choice by Founder(s) of Company

Name Search with Secretary of State

Incorporate or Register with Secretary of State

Obtain Certified Copy of Articles of Incorporation or Registration

Obtain Certified Copy of Certificate of Current Status

IRS Election as Subchapter "S" Corporation where necessary

FEIN (Federal Employer Identification Number) with IRS

Corporate/Business Checking Account

City Occupational License

County Occupational License

State Occupational License (if necessary)

State Sales and Use Tax Permit

County Vendor Certification

SBE or MBE Certification with Palm Beach County (or others)

SBE or MBE Certification with Florida Office of Supplier Diversity

Miscellaneous Specialty Registrations and Certifications

Workers Compensation Insurance or Waiver

Obtaining a Trademark for your business

Obtain Corporate Kit

Obtain a Free Dun’s Number for credit (Dun and Bradstreet)

Financing Assistance

Whether helping to obtain a bank loan or assistance in gaining access to federal/state research and development funds, venture capital, seed capital, a revolving loan fund or "angel" financing.
A network or relationships with your peers ~ other business owners who are struggling with the same issues you face ~ who can help you through rough times and who may become customers or suppliers.
Flexible space and flexible leases, often at below-market rates.
Shared basic business services such as telephone answering, bookkeeping, word-processing and other secretarial help, receptionist services and access to a fax and copy machines, computers and business libraries. These services may be included in rent, or you may be able to "pay as you go", purchasing services you need when you need them and conserving capital for marketing, production, product development and other vital efforts.

SCOPE OF SERVICES


  • Name Choice by Founder(s) of Company
  • Name Search with Secretary of State
  • Incorporate or Register with Secretary of State
    • Sole Proprietorship
    • General Partnership
    • Limited Partnership
    • "C" Corp.
    • "S" Corp.
    • LLC (Limited Liability Company)
    • Florida Not-for-Profit Corporation
    • IRS 501(c)(3) Corporation
    • Fictitious Name Registration (if necessary)
  • Obtain Certified Copy of Articles of Incorporation or Registration
  • Obtain Certified Copy of Certificate of Current Status
  • FEIN (Federal Employer Identification Number) with IRS
  • IRS Election as Subchapter "S" Corporation where necessary
    • Corporate Kit
    • By-Laws
    • Stock Certificates
    • Stock Ledger
    • Corporate Seal
    • Meeting Notices
    • Meeting Minutes
    • Misc. Forms
  • Corporate/Business Checking Account
  • City Occupational License
  • County Occupational License
  • State Occupational License (if necessary)
  • Federal Occupational License (if necessary)
  • State Sales and Use Tax Permit
  • County Vendor Certification
  • SBE or MBE Certification with Palm Beach County (or others)
    • Generally with the Palm Beach County (or other County) Office of Small Business Assistance
  • SBE or MBE Certification with Florida Office of Supplier Diversity
  • Miscellaneous Specialty Registrations and Certifications
    • Including minority business services and designations, such as SBA, GSA, Defense Department, Florida Office of Supplier Diversity, County Office of Small Business Assistance, various City Certifications, special district certifications such as PALMTRAN, Airport Authority, Sheriff’s Department, Police Department, Health Department, Board of Education, Hospital District, State Department of Transportation, Homeland Security, etc.
  • Workers Compensation Insurance or Waiver
  • Obtaining a Trademark for your business
  • Obtain Corporate Kit
  • Obtain a Free Dun’s Number for credit (Dun and Bradstreet)