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Our History
Providing small businesses the tools and blueprint for success.
In 1983, Dr. Walton Jones, then Governor Jim Hunt’s Assistant for Economic Development, led a delegation of community leaders and government officials on a trip to Charleston, South Carolina, to visit a prototype business and technology center. Others in the delegation included City Manager Dempsey Benton, Mayor Avery Upchurch and the head of the Raleigh Chamber of Commerce. Though there was no question about wanting a similar center in Raleigh, a feasibility study
following that trip was abandoned because of differing opinions regarding how it should be approached. In 1986, the chamber sponsored an independent study, which found a high growth rate of small companies. A survey indicated that a high percentage of these small companies would have benefited from the existence of a business and technology center. In 1989, the Raleigh City Council issued a call for proposals to establish a small business incubator. Dr. Talbert O. Shaw, president of Shaw University, and Dr. Prezell R. Robinson, president of St. Augustine’s College met with City Manager Benton to discuss how the City could move forward with the project. In June of
1993, Presidents Shaw and Robinson contracted with the North Carolina Business and Technology Corporation headed by Dr. Walton Jones to assist in planning the new incubator. A task force comprised of persons representing different segments of the Raleigh/Wake County community was appointed to assist with the project, and Presidents Shaw and Robinson served as task force co-chairs. The first phase involved a feasibility study, which was completed in December of 1993. The study found that a business and technology center was feasible because it met the following criteria:
A vigorous search for capital soon followed, and by 1995 nearly $2 million was pledged to fund the core building. Due to factors too numerous to recount, the completion of construction of the RBTC occurred about three years later than projected. The grand opening was held August 31, 2000. Robert L. Bob) Robinson is the current Executive Director. |
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