To Foster Entrepreneurship and Provide a platform where learning and collaboration happens
To Grow Small Businesses Beyond the $1 Million Revenue Threshold
At the Maestro Entrepreneur Center (MEC), we are revolutionizing how to grow the next generation of successful entrepreneurs. The MEC is a collaboration partnership with the Maestro Leadership Foundation and the San Antonio Hispanic Chamber of Commerce’s Hispanic Leadership Development Foundation, a 501(C)(3). The MEC brings together, in one creative learning environment, leaders of today’s most successful small businesses to mentor and grow tomorrow’s small business entrepreneurs. It is a 24,200 ± SF facility located in a federally designated HUBZone area of San Antonio. MEC is a private, non-profit business Center for the accelerated development of existing small, minority, woman and veteran owned businesses in the San Antonio Metro Area. Qualifying businesses will be provided office space at flexible rates and an extraordinary network of business leaders and resources to assist them in growing to the next level. Unique to the Center are the “Maestros”— successful business leaders with experience in a variety of industries who offer one-on-one mentoring to Center clients to help guide them through business challenges. Research shows one of the biggest obstacles facing small business is the ability to sustain and build growth. MEC is designed to accelerate business growth by creating individualized programs based on assessment of each business, and prioritize critical needs.
Businesses are then matched with Maestro’s that provide expertise, consultation, and training to meet the needs-and-industry specific resources. To create an environment for success, businesses will be carefully screened and evaluated to ensure they are entering MEC at the appropriate time in their development. Their progress will be closely monitored according to the National Business Incubation Association’s recommendations for compliance. Access to capital is the number one reason small businesses struggle; we have added PeopleFund as a resource partner to offer financial literacy classes. They have committed $1 Million dollars in lines of credit and small business loans for our participants at reduced rates. In addition, our landlord is providing a generous in kind 20% discounted rent to provide reduced rates for our participants and has agreed to only charge rent as the facility is being filled.
MEC will assist 40 to 50 companies at a given time. We believe our local job creation would potentially result in 25 to 100 new hires per year. That is only increasing 1 to 3 new hires per company. Additional impact would also include $30 in local tax revenue for every $1 of public investment in the program as noted by the NBIA. Currently, some of the strongest demands are in the industry of food service and construction. Fostering job creation will strengthen the local economy and in turn will provide opportunities to those in the HUBZone area.
By providing a resource Center where successful business leaders will come together to encourage and help grow the next generation of successful business owners, we are creating a culture of entrepreneurship on the MEC campus and in the community by:
MEC is a true community development which will transform this area by providing a model of what a true partnership of live/work can be. We are engaging our community and providing opportunities, including:
1811 S. Laredo St.
San Antonio, Texas 78207
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