Wednesday, February 26, 2014

CDC to open new business incubator

Ribbon-cutting ceremony set for March 7

Express Staff Writer

    The Ketchum Community Development Corp. will hold a ribbon-cutting ceremony for a business incubator called the Ketchum Innovation Center on Thursday, March 6, at 4 p.m. The new facility is located at 100 Lindsay Circle.
    Ketchum Mayor Nina Jonas will cut the ribbon at the ceremony, while the CDC will showcase the three-story facility designed to accommodate 16-18 people.
    “We have the intellectual capital and the entrepreneurs that want to collaborate,” CDC Executive Director Jon Duval said. “We’re bringing a hub and a facility to support entrepreneurs and startups.  For this incubator, we’re looking at bringing in small companies of one to three people that have innovative ideas and people who want to be in a creative environment where there’s a collective energy of people that want to work together.”
    Duval said he contacted business incubators in various areas, including Telluride and Aspen, Colo., along with three in Boise. He said those experiences of consulting with others on what makes a business incubator successful allowed him to explain the benefits of creating one to the Ketchum City Council.
    During a Jan. 20 meeting, the City Council voted to provide the CDC with $28,000 to help start the incubator after Rick LaFaivre, former vice president of advanced technologies at Apple, voiced strong support for the plan.
    “Over the past 15 years as a venture incubator, I’ve seen the power of what happens when this is done right,” LaFaivre said. “My sense here is that it would be very difficult to attract the capital for a profit incubator at this time. When you think about businesses that are being incubated, this becomes more of a community resource, a place for entrepreneurs, investors and mentors to meet.”

It’s an amazing, one-of-a-kind facility.”
Jon Duval
CDC executive director

    Duval said LaFaivre has been highly supportive of the incubator, and has played a major role in the development of its plans for future mentorship and investment.
    The 4,700-square-foot facility features a top floor with a conference room with a projection system that will be open to the public. The second floor is considered the main floor, with open desk space for up to eight people along with offices that can hold two or three people. On the ground floor, there will be cubicles for six to eight people along with a garage space.
    In addition, there will also be a kitchen, locker room, shower, and a washer and dryer.
    “It’s an amazing, one-of-a-kind facility,” Duval said. “Nothing I’ve seen comes close to the quality we have in there.”
    Duval said he hopes the facility becomes a stepping stone for growing businesses, as they eventually can outgrow the incubator and expand operations.
    “We want to support these businesses so they can grow and add jobs,” Duval said. “Once they reach a certain point, they can graduate out of there and continue to expand.”

About Comments

Comments with content that seeks to incite or inflame may be removed.

Comments that are in ALL CAPS may be removed.

Comments that are off-topic or that include profanity or personal attacks, libelous or other inappropriate material may be removed from the site. Entries that are unsigned or contain signatures by someone other than the actual author may be removed. We will take steps to block users who violate any of our posting standards, terms of use or any other policies governing this site. Use of this system denotes full acceptance of these conditions. Please review the full rules governing commentaries and discussions. You are fully responsible for the content that you post.

The comments below are from the readers of and in no way represent the views of Express Publishing, Inc.

You may flag individual comments. You may also report an inappropriate or offensive comment by clicking here.

Flagging Comments: Flagging a comment tells a site administrator that a comment is inappropriate. You can find the flag option by pointing the mouse over the comment and clicking the 'Flag' link.

Flagging a comment is only counted once per person, and you won't need to do it multiple times.

Proper Flagging Guidelines: Every site has a different commenting policy - be sure to review the policy for this site before flagging comments. In general these types of comments should be flagged:

  • Spam
  • Ones violating this site's commenting policy
  • Clearly unrelated
  • Personal attacks on others
Comments should not be flagged for:
  • Disagreeing with the content
  • Being in a dispute with the commenter

Popular Comment Threads

 Local Weather 
Search archives:

Copyright © 2020 Express Publishing Inc.   Terms of Use   Privacy Policy
All Rights reserved. Reproduction in whole or in part in any form or medium without express written permission of Express Publishing Inc. is prohibited. 

The Idaho Mountain Express is distributed free to residents and guests throughout the Sun Valley, Idaho resort area community. Subscribers to the Idaho Mountain Express will read these stories and others in this week's issue.