Temecula hatches new business opportunities with TVE2

Temecula is sparking job creation and stimulating the local economy with its new Temecula Valley Entrepreneur’s Exchange (or TVE2) opening in November, 2012.

(Contributed image)

“The TVE2 will be an incubator for innovative start-up companies that are poised to grow and create jobs and (will serve as a) a regional resource center for all businesses in the valley,” said Cheryl Kitzerow, economic development analyst for the city of Temecula.

Applications are currently being accepted for unique new start-up companies at the TVE2 Web site.

“We are looking for innovative companies that create better, or more effective products, processes, services, technologies, or ideas that will be brought to market,” Kitzerow said.

The program provides office space for nominal fees, mentor services, as well as support for innovative companies in uncertain economic times.

The program is a win-win for both businesses and the city as the National Business Incubation Association states: “Business incubator graduates have the potential to create jobs, revitalize neighborhoods, commercialize new technologies, and strengthen local and national economies.”

Office space is located at the former Temecula City Hall facility. Each company will get its money’s worth with amenities that include lounge, kitchen, conference rooms, and meeting space. Furnishings will be provided, however businesses will need to supply their own computers and telephones.

Mentoring services will also be provided by Economic Development Corporation of Southwest California (EDC) and the Inland Empire Small Business Development Corporation (IESBDC), who will also have offices in the building, providing business counseling and services.

Temecula has partnered with the Temecula Valley Chamber of Commerce, Cal State San Marcos at Temecula, and Mt. San Jacinto College on the project.

Mentors, currently being interviewed by the TVE2 staff, will supply new businesses with a wealth of experience.

“To start, the IESMBD and TriTech SBDC will provide mentors for the program. The local businesses that will volunteer to participate and provide services will (serve as) our client advisors. To date, most of the interest has been from both retirees and current business professionals in the area,” Kitzerow said.

Incubator client companies can apply at www.tve2.org or can email or mail applications to Cheryl Kitzerow’s attention.

“The application process is open and on-going. Staff will review and forward (the application) to our Selection Advisory Committee for review, interview of company and final confirmation,” Kitzerow said.

The grand opening and open house are planned for Nov. 3.

For more information, visit: http://tve2.org/ or call 951-694-6444.

Ashley Ludwig is a local writer and regular contributor to SWRNN.