Joseph Newman Business and Technology Innovation Center
405 Pennsylvania
Joplin, MO 64801
417-624-4150

Your Window of Opportunities.

Who is Joseph Newman ?

This facility is dedicated to Joe Newman for his many years of service to the Joplin Community. Often called the "godfather" of economic development in Joplin, Mr. Newman was a founder of the Joplin Business and Industrial Development Corporation and a longtime member and President of the Joplin Industrial Development Authority. His leadership on the JIDA led to the creation of the Joplin-Webb City Industrial Park. His spirit, determination and dedication have been the backbone of many other economic development efforts. His vision continues to have a positive impact on the community he loves so much.

What is the difference between an Incubator and an Innovation Center ?

Basically, they are the same. An Incubator generally refers to the facility and the rental space inside. An Innovation Center includes the Incubator and many other supportive services that the tenants as well as the general business community can use to help them succeed.

Please define "Entreprenuer."

In general it is anyone that wants to start their own business.

The center wants to support people that are pursuing innovative technology. What does that mean ?

The center will support anyone wanting to start a new or an existing business. However, NIC has established a goal of creating companies that will create high paying jobs for the community.

I'm not sure if I fit the mold of an innovative technology company. What should I do ?

If you are not sure about the profile of your company, give us a call. We will review your company idea to see if it matches our entrance criteria. Even if you are not starting an innovative company, we can still help you through your start up phase. 

How much does it cost for office space

There are a lot of factors to review. NIC has rental space for office, light manufacturing and wet labs. Each of these have different cost factors. Based on your needs, we can tell you the exact amount you will need to establish a budget.

I don't need a lot of space, but then again, I may at a later date.

The center has two options. You can rent a full office with lockable doors or you can rent one of our cubicles. The cubicles, while not private, give start-ups an opportunity to call this space their own. You will not share your designated cubicle. When you are away from your space you can lock the cabinets.

I have heard the word "Graduate", what does that mean ?

Innovation Centers help create new companies. Our goal is to help these companies start and then graduate into the real business world. If the client follows the support given by the center they have a much better chance of being successful when they are out on their own (Read Incubator Facts at right). Typically, a company will be ready to graduate in less than three years. Some will be ready to leave within one year.

How long is my lease and what happens if my business fails?

We will do everything we can do to help you succeed and not fail. We are hoping that you will become so succesful that you will need more space than we can offer you. The good news, the lease is self renewing month by month. There is no long term lease needed. If you are ready to graduate, you simply meet with NIC staff to discuss your exit process. The lease ends the day you leave.

I will need a phone, fax, copier and internet access. Is all of that available ?

Yes. The center has the latest in VoIP technology. The phone system is already sitting at your desk. You will need to make arrangements to have your own telephone number assigned to that phone. When you leave the center, you will be able to take that number with you. We can assist you with telephone issues. A professional copy machine is available. Based on your estimated usage, there will be a copy fee. High speed internet access will be provided by CableOne of Joplin. NIC controls this service and your montly fee will be included in your monthly rent fee. We will keep this cost very low. You can fax from your computer but a fax machine will be available. We will not provide a computer or software. We can assist you with connecting your computer to the network.

I'm not sure about working in a cubicle with others around me.

We have studied other incubators across the country. We selected a cubicle approach because of the success rate. People indicate that cubicles offer a great work environment. They say that the synergy that is created allows people to communicate and network with others around them. Clients are encouraged to exchange ideas and often they will develop their own support process.

Are there any special "rules" concerning a cubicle office space ?

The best rule to follow; be a good neighbor, just as you would be if your business was surrounded by other businesses. A tenant should keep their area clean and respect noise levels. Nearly every traditional business operates with some distractions, a cubicle is no different.

I will be in and out of my office space during the day. Are there any problems with that?

No. The center will be available to you 24 hours a day, seven days a week. During regular business hours, a receptionist will be available to greet your clients in the lobby area as well as answer telephone calls and transfer messages to your voice mail. This center feature gives your company a personalized and professional image to your clients. There may be some days, including holidays, sick days or vacations, where a receptionist will not be available. Your voice mail will still operate.

I understand the bundled services and special features I will receive as a NIC tenant. Are there any other fees or services I should consider?

 All tenants must become members of the Joplin Area Chamber of Commerce. Membership fees are based on the number of employees you have. Depending on your financial capabilities you can pay the annual membership in whole or monthly payments can be included in your rent.

Each company has special needs. As an example, a tenant renting light manufacturing space may have special fire, ventalation, local, state or federal license requirements.

Other than telephone charges, do I pay for other utilities like electricty, water or gas ?

Your utilities are included in the monthly rental fee. You will be charged for the service area you are leasing. The service area has been predetermined for office and cubicles. You will also be charged for the common areas on a percentage basis. We can tell you what your total monthly fee will be before you sign the lease requirement. Obviously, utilitiy costs raise or fall during the seasons as well as rate changes announced by utility companies. These changes should be expected and anticipated, just like a traditional business would be expected to address.

Incubator Facts


There are over 900 incubators in the United States.

NIC is a member of the National Business Incubator Association (NBIA).

National statistics show that about 85% of all new start-ups will fail within the first year. However, NBIA membership incubators report that 87% of all firms that graduate from their incubator are still in business.

The average length of time a client will be in an incubator is less than three years.

 

 

 

 

 

The Newman Innovation Center want to thank our supporters. See list of local financial supporters.

NIC has received support from:
US Dept of EDA
US HUD
US Sen. Kit Bond
US Sen. Jim Talent
US Cong. Roy Blunt
MO Gov. Matt Blunt
MO Dept of Economic Development
MO State Legislature
City of Joplin

 

2005-2006 Committee Chairman - Morris Glaze

The Center FAQ Contacts Home