ABOUT US

Our Mission 

To stimulate small businesses to Start, Grow and Thrive in the City of Albany.

Our Vision

To be a focal point and catalyst for economic development in the City of Albany by increasing small business growth, investments and job creation.

History

The Microbusiness Enterprise Center (MBEC) was created in August 1990 as a small business incubator to provide resources and a facility to stimulate small business formation, growth, and survival. The MBEC incubator program main goal is to produce successful business that will leave the program financially viable and freestanding. Incubator graduates have the potential to create jobs, revitalize neighborhoods, commercialize new technologies, and strengthen local and national economies. 


Since inception in 1990, the MBEC has graduated many successful companies that continue to have a strong presence in the business community.  The MBEC nurtures small business growth by providing a variety of programs, resources and services. 


Incubators vary in the way they deliver their services, in their organizational structure and in the types of clients they serve. Incubator clients are at the forefront of developing new and innovative technologies – creating products and services that improve the quality of our lives in communities around the world.


 HUD Mission and Vision Statement

HUD Mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD Vision is to improve lives and strengthen communities to deliver on America’s dreams.

The Department of (HUD)

HUD regulations for microenterprise development programs, as  codified under the 2002 Federal Code of Regulations 24CFR 570.201 (o) state that municipalities can provide micro-entrepreneurs  (HUD, 2002):


Defines a microenterprise as any form of business that employs five or fewer employees, one or more of who own the enterprise.


(I) Credit, including, but not limited to, grants, loans, loan guarantees, and other forms of financial support, for the establishment, stabilization, and expansion of microenterprises; 

(II) Technical assistance, advice, and business support services to owners of microenterprises and persons developing microenterprises; and 

(III) General support, including, but not limited to, peer support programs, counseling, childcare, transportation, and other similar services, to owners of microenterprises and persons developing microenterprises.


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