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Technology Incubator Contracts Signed

 

FOR IMMEDIATE RELEASE

Contact: Tim Early, James City County Technology Incubator, 5300 Palmer Lane,

Suite 2A Williamsburg, VA 23188  •  757.645.2447 Office  •  www.hr-incubator.org

 

Technology Incubator Contracts Signed

 

James City County – James City County and its Economic Development Authority have entered into agreements with the Hampton Roads Technology Incubator System (HRTIS), a division of the Hampton Roads Technology Council (HRTC) to create a new business incubator.  The management agreement, specifies that HRTIS will operate a small business incubator, the James City County Technology Incubator (JCCTI), work closely with regional technology-driven companies, lease space to small start-up technology companies, and provide technical and business support services to such companies. The lease agreement provides one floor of office space at 5300 Palmer Lane to house the incubator and its clients.

 

The contracts represent a major, longterm commitment to an economic development initiative some refer to as growing your own businesses. They run for five years and give the new technology incubator a strong foundation on which to build.

 

The signing took place at the County Government Center.  James City County Administrator Sanford Wanner acted on behalf of the County. Virginia Hartmann, Chairwoman of the County’s Economic Development Authority and Timothy Early, Director of the HRTIS ratified the documents on behalf of their organizations.

 

The Authority and the County view their collaboration with HRTIS/HRTC as a proactive effort to attract and foster technology-driven businesses to and in the County.  A ribbon cutting is planned for later this spring.

 

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