Our history

Established in 2003 by the Greater Austin Hispanic Chamber of Commerce (GAHCC), EGBI is a 501(c)(3) nonprofit organization originally designed to meet the technology infrastructure needs of a growing number of Austin small businesses. For a number of years, EGBI provided free technology classes to the underserved communities in Austin.

Inspired by the strong entrepreneurial spirit of the Hispanic community along with the strategic vision of James Hargrove, CEO of the Housing Authority of the City of Austin (HACA), plans to implement a Small Business/Micro-Enterprise Business Incubator were executed.  Initially housed at the same facility as the GAHCC, the business incubator began its entrepreneurial training in 2007, with Pilar Sanchez (from HACA), as the organization’s first Board Chair.

On October 20, 2008, EGBI celebrated the grand opening and ribbon cutting for its permanent location, Emerging Enterprises (EE) Business Development Center.  Since its inception, EE classes are consistently full with hopeful and driven clients ready to push the Austin area economy in the right direction.

EGBI TIME LINE

2003

The Greater Austin Hispanic Chamber (GAHCC) creates the Hispanic Technology Institute of Austin (HTIA) to focus on increasing computer literacy in the underserved community

2004

HTIA obtains 501 (c)(3) status

2008

HTIA opens the Emerging Enterprises Business Development Center through a partnership with the GAHCC    and the Housing Authority of the City of Austin

Development Center provides office space, training and conference rooms for individuals who complete the Building Success Program

5 students graduate from HTIA’s Building Success Program

5 new small businesses are launched within Central Texas

2009

23 students graduate from HTIA’s Building Success Program

21 new small businesses are launched within Central Texas

2010

HTIA changes its name to the Economic Growth Business Incubator (EGBI)

20 students graduate from EGBI’s Building Success Program

18 new small businesses are launched within Central Texas

2011

EGBI hires its first Executive Director, Al Lopez

 EGBI becomes a fully independent organization with strong partnerships with the GAHCC and the Capital City African American Chamber of Commerce

63 students graduate from EGBI’s Building Success Program

24 new small businesses are launched within Central Texas

138 individuals are employed by EGBI clients

$5,000,000+ in revenue generated by EGBI graduates

8 clients incubate at the Emerging Enterprises Business Development Center

5 loans are facilitated to startup businesses through EGBI’s loan packaging service

$100,000 is the total amount of loans facilitated

EGBI wins Alliance for Economic Inclusion’s Pioneer Award

2 EGBI clients shine at GAHCC’s Capital of Texas Awards

– Gardner’s Feast (Winner) and C2C Media (Finalist)

2012

Launch of Empresarias (in partnership with Las Comadres and Accion Texas) and IT Certification Training

Sets aggressive goals for clients served (20% increase) and loan approvals ($150,000)

EGBI signs a Strategic Alliance Memorandum with the U.S. Small Business Administration