The Townsville Business Development Centre (TBDC) has reached 100 per cent tenant capacity for its Small Business Incubator for the first time in 12 years with the last available unit now officially snapped up.

Indigenous start-up businesses, Jakaba Constructions and CBD Services (electrical) will cohabitate in Unit 30 at the Vickers Road Facility.

“We’re excited to welcome both Jakaba Constructions and CBD Services as TBDC Incubator tenants, particularly as we approach the end of Indigenous Business Month,” TBDC CEO Ben Verning said.

“TBDC is experiencing a resurgence in entrepreneur confidence in line with the wave of general business confidence developing in Townsville which is very promising,” he said.

“We’re encouraged by the fact our Incubator units are running at full capacity for the first time in over a decade because it means TBDC is providing a valued and sought-after service for local businesses.

“It is our ultimate aim to assist and guide all of our Incubator tenants to develop their businesses to the point where they have the skill, knowledge and confidence to transition to their own premises and be successful independently of the TBDC.”

Melissa Anderson of Jakaba Constructions said both new tenants see the TBDC as an ideal setting to establish strong, structured and successful businesses.

“We see being a TBDC Incubator tenant as a vital step in developing sustainable business models early, so that we are in a better position to grow and succeed independently in the future,” she said.

“Joining the TBDC provides us with an immediate support network to call upon if and when we need it and we have already received nothing but support and encouragement, so we look forward to moving our businesses in over the coming weeks.”

Under the new-look Board and CEO the TBDC will implement individual development plans for its Incubator tenants to enable them to transition into their own commercial spaces, allowing it to assist a greater number of local start-up or developing SMEs.

They have also developed a collaborative approach, utilising key partnerships with local businesses and organisations to deliver greater business support benefits and workshops to members free-of-charge.

A partnership was cemented with Australia’s largest Workplace Relations provider Employsure while a number of other collaborations with key Townsville businesses are already well into negotiations.

TBDC Chair Michael Brennan said the overwhelming industry support and momentum being generated put TBDC in a great position to work together with Townsville City Council to achieve key elements of its Smart City Strategy released just last week.

“Operating at 100 per cent capacity reaffirms TBDC’s position as the leading business support and advisory service in Townsville, and we are excited to see a wider focus on building up and supporting local businesses,” Mr Brennan said.

“With our impressive track record of assisting local businesses such as Hands on Wildlife, Bounce Coffee, Totalfab Engineering Services and many more, as well as upcoming success stories such as Jakaba Constructions and CBD Services, we are looking forward to using that knowledge and experience to help even more local businesses achieve success in the future.”

Information on the TBDC Incubator and Memberships can be found on its website