A joint economic development initiative of the City of Danville and Pittsylvania County, the Dan River Business Development Center (DRBDC) was opened as an incubator facility in April of 2001. The DRBDC has developed the framework necessary to sustain the development of a diverse mixture of new entrepreneurs in the region, inclusive of technology businesses, research labs, distribution headquarters, professional service firms, and temporary support for transitional companies. Ownership is equally diverse with 10% female, 8% veteran, and 27% minority business owners.
Milestone Update:
-
88% occupancy (100% industrial, 71% office)
-
14 tenants with 53 employees
-
Graduation success rate into region-83%
-
15 graduates employing 1108 persons (49 from small business start-up businesses)
-
$38.6 M Revenues / $5.3 M Equity tenants (2006)
