HANOVER, VA (WWBT) – More businesses and more jobs - that's the goal of the new Greentech Incubator in Hanover County. The facility, which opened in January, is dedicated to helping energy entrepreneurs jump-start their companies.
Right now about a dozen people work out of the Dominion Resources Greentech Incubator, but leaders hope that number will be closer to 150 within the next five years. A business incubator provides resources to help entrepreneurs successfully launch a business. This one is dedicated to going green.
"We are targeting entrepreneurs that are helping our nation to really solve its energy issues," said David Lohr, Executive Director of Dominion Resources Greentech Incubator.
Two of the current tenants, Marz Industries and Envirodock, are developing technology to help the trucking industry use less fuel and reduce emissions. The other, Eastlight, makes solar panels for big business. The incubator helps get folks started with a goal of venturing out on their own within 3 to 4 years.
"Our projection for this facility is that over the next five years we are going to generate 25 new companies and graduate about 10 to 15 of those," Lohr said.
Eddie Miller is the president of Marz Industries Incorporated. His company is designing technology to supply power to semi's while truckers are sleeping without using any fuel. He wants to stay in Hanover and says moving into the incubator made business and financial sense.
"They are energy focused, they have a board of advisors that can help us with questions that we have related to the energy industry, and also other business related questions that we have," Miller said.
Hanover leaders say this facility helps achieve the goals of economic development and going green.
"Companies that start here in Hanover and grow in Hanover are more likely to be loyal to the region. So I think the job growth we get here will stay in Hanover and the region and really help to generate economic activity here in the long-run," said Hanover County Director of Economic Development Mark Weiss.
Leaders say they are on target right now to actually exceed their goal of housing five businesses within the year. If you'd like more information about this Greentech Incubator in Hanover, you can visit the website. Just click here. If you don't have a computer or just want to talk with a live person, you can call 368-8612.