On July 24, 2012, the Temecula City Council approved plans for the Temecula Valley Entrepreneur’s Exchange (TVE2). Temecula is excited to be able to repurpose the city’s former City Hall building for the small business incubator and regional resource center. The city will be renovating a portion of the building to create a unique office environment fostering collaborative work space, where startup companies can rent space and are provided with resources, advisors and mentors to help them grow their business.
Temecula is currently soliciting innovative companies that want to participate in the incubation program with the goal of growing small business and job creation (companies will be required to create and track milestones quarterly). Temecula has decided that rather than focus on a specific industry for client businesses, to instead open its doors up to any innovative startup that has the potential to grow their business, create jobs, and has an innovative product that can be brought to market within two years. Staff envisions a trend or niche to reveal itself in the initial months and may then refine a focus.
In addition to the incubator function, TVE2 will also be a Regional Business Resource Center for all businesses. As partners to this venture, the Economic Development Corporation of Southwest California (EDC) and the Inland Empire Small Business Development Corporation (IESBDC) will have offices in the building to provide business counseling and services. The EDC is a private/public partnership that promotes Southwest California regional economic development through business retention and development, job opportunities, and related economic growth.
The Inland Empire Small Business Development Center, hosted at California State University, San Bernardino’s Inland Empire Center for Entrepreneurship, provides the small businesses and entrepreneurs in Riverside and San Bernardino Counties with business assistance services from a variety of locations in the Inland Empire. Opening a local IESBDC office at TVE2 represents collaboration with the city of Temecula, Temecula Chamber of Commerce, Murrieta Chamber of Commerce and local business sponsors, Loma Linda University Medical Center-Murrieta, LSL CPAs, and Murrieta VIP Florists.
In addition, the city has partnered with the Temecula Valley Chamber of Commerce, California State University San Marcos at Temecula, and Mt. San Jacinto College on the project. TVE2 will also be developing mentor networks, leveraging the expertise of business professionals, and providing educational seminars as a significant benefit for client companies.
A grand opening celebration and open house is scheduled at the facility, 43200 Business Park Drive, Temecula, on Nov. 3, 2012.For more information, please visit our website at tve2.org