Stillwater News Press

Local Columnists

July 15, 2014

RON DUGGINS: Meridian Technology Center takes care of business

EDMOND, Okla. — The Center for Business Development at Meridian Technology Center is one of 40 Oklahoma certified incubators statewide. In 2013, the Center for Business Development housed and provided services for 11 startup companies that created nearly 80 jobs for the community.

Those companies realized $4.3 million in gross revenue and provided an average salary of $32,000, which is substantially above the average state per capita income of $25,000. In addition to those companies that rent space at the incubator, dozens of other community members sought formal entrepreneurial advice from the Center.

At Meridian Technology Center, the Center for Business Development has been working with startup companies since 1997. We engage the community in three ways: business consulting and coaching, business incubation, and networking and education events. Since its beginning the Center has housed nearly 60 companies in addition to consulting and coaching hundreds of people who want to learn more about entrepreneurship or how to improve their existing companies.

In our monthly networking event series known as Business for Breakfast we have hosted more than 1,000 attendees since its inception in 2008.

They gather to network, share ideas and advance their business skills.

To put what is taking place in our area in context with the entrepreneurial activity taking place around the state, there are 177 small businesses leasing space in incubators like ours across the state. Last year, those companies produced nearly 950 full-time jobs.

Incubators like the Center for Business Development at Meridian have been helping entrepreneurs turn their ideas into viable businesses, promoting innovation and creating jobs by providing emerging companies with business support services and resources. As any entrepreneur can attest, starting a new business is not an easy task. While business owners know the ins and outs of their product or service, often they need the added skills, knowledge and networks that an incubator can provide.

We are here to be your connecting point to resources through the incubator, business community and other state and national business programs to help you as you navigate entrepreneurship.

Dr. Ron Duggins is the director of the Meridian Technology Center for Business Development. The Center is dedicated to empowering entrepreneurs through networking, education, consulting and business incubation services. For more information visit www.meridiantech.edu/entrepreneurs or contact the Center for Business Development at (405) 377-2220 or toll-free at (888) 607-2509.

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