Source www.kq2.com The incubator gets most of its funding from city, the chamber of commerce and the rent it charges companies using its space.
Klapp, who was with the incubator when it opened in 2009 just recently returned to lead it forward. Gary Klapp detailed the history of the facility that opened in 2009 with a primary focus on assisting aspiring companies in the animal pharmaceutical industry. However, that has not panned out and the facility has been losing money every year.
“The city has backed off its support because things weren’t working,” Klapp said. “It’s hard to support something that’s not working. Well, it’s working now. I’m working it. We’ve got some new tenants in there and we need to right the ship before we continue the course.” Currently, the organization is set to receive $12,500 in the 2021-22 city budget. The organization’s director is hoping for $25,000.
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