Jefferson Davis Enterprise Center Receives Grant

Governor Mark R. Warner recently announced that the Jefferson Davis Enterprise Center would receive a $30,000 grant from the Virginia Small Business Incubator Program. The purpose of grants is to strengthen small business incubators throughout the Commonwealth.

The Jefferson Davis Enterprise Center is a multi-use incubator that has industrial and office space available for lease. Tenants share administrative services and common areas, including a conference room. The center can also provide business counseling, training courses and general business advisory services at no charge. The center is conveniently located off I-95 in Chesterfield County’s Jefferson Davis Enterprise Zone.

Research shows that 87% of companies graduating from incubation programs – multi-tenant facilities designed to provide start-ups with office space, flexible lease terms and shared office services – continue to prosper as dynamic members of the business community, far outstripping the success rate of traditional startups. The Virginia incubator network houses over 250 businesses that employ more than 850 people. Twenty-one percent of these businesses are minority-owned and nineteen percent are women-owned.