Economic Growth Business Incubator

What Economic Growth Business Incubator does

Economic Growth Business Incubator (EGBI) is a 501(c)(3) nonprofit business accelerator founded in 2003 and headquartered at 1144 Airport Blvd., Suite 260, Austin, Texas. The organization was established as a collaboration between the Housing Authority of the City of Austin (HACA) and the Greater Austin Hispanic Chamber of Commerce (GAHCC), originally under the name Hispanic Technology Institute of Austin, before rebranding in 2010 to its current name to serve all of Central Texas. EGBI's core function is delivering free, bilingual (English/Spanish) one-on-one business coaching and low-cost training to aspiring and existing small business owners across seven counties (Travis, Williamson, Bastrop, Blanco, Burnet, Caldwell, and Hays), with a focus on founders facing barriers such as limited capital, language access, or business acumen.

The organization's product portfolio is anchored by free 1-on-1 coaching staffed by Meta- and QuickBooks-certified coaches, supplemented by four signature workshop series (Plan, Manage, Marketing, Bookkeeping) priced at $40 per series for Central Texas residents, and a set of specialized programs: Build a Business with Mama (family entrepreneurship), Childcare Biz Bootcamp (childcare vertical), From Caregiver 2 CEO (healthcare contractors), Winning Government Contracts, Biz Tech Summit, Lunch & Learns, Marketing Roundtable, a Toastmasters club, and an annual Celebrating Success event. Supporting technology consists of commodity SaaS tools including Zoom for virtual coaching, Eventbrite for registration, Google Workspace for business optimization training, and QuickBooks Online for financial management education; EGBI operates no proprietary software platform, API, or mobile application, and holds no patents or trademarks. Ancillary revenue comes from a virtual office membership ($150/yr for a physical mailing address), $125/hour fees for additional professional services, and modest workshop fees, with the majority of operating support derived from charitable donations, corporate sponsorships (Truist, Dell, Impact Austin, Texas Mutual, HACA, and others), and grants.

EGBI reaches clients through a community-led GTM motion combining direct outreach, partnerships with city and county agencies, referrals from HACA, GAHCC, GAACC, ACC's Military Families Center, and local universities, plus organic social channels (Facebook, Instagram, LinkedIn, YouTube/La Incubadora Podcast) and email. Reported outcomes include $250M+ in client revenue, 3,500+ jobs created in Central Texas, 1,500+ new business launches, and 6,000+ hours of one-on-one coaching since 2014, with 2025 marking a record 580+ participants served, supported by a small full-time staff of 1-10 employees supplemented by volunteers and interns.

Name

Economic Growth Business Incubator

Legal name

Economic Growth Business Incubator

Website

https://egbi.org

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

1–10 employees

Short description

Economic Growth Business Incubator (EGBI) is a 501(c)(3) nonprofit business accelerator in Austin, Texas, providing free bilingual (English/Spanish) coaching, low-cost workshops, and specialized programs to aspiring and existing small business owners across seven Central Texas counties, particularly those facing barriers to growth.

Ownership category

akta.pro rank

Product category

Small Business Development Services

NAICS

Professional and Management Development Training (61143), Educational Support Services (61171), Business Schools and Computer and Management Training (6114)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Youth Business Incubators & Accelerators (EDAMAHAC)

akta.pro secondary industries

Leadership, Management & Teamwork for Business (EDAMAHAI), Financial Literacy, Budgeting & Personal Finance (EDAMAHAE), Online/Hybrid Lifelong Learning Platforms & Open Enrollment Programs (EDAAAEAL)

Keywords

• Small business coaching
• Business incubator services
• Nonprofit business accelerator
• Entrepreneurship training programs
• Small business development

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Donations and Charitable Contributions: EGBI operates as a 501(c)(3) nonprofit organization reliant on donations from the community to fund free and low-cost business development services
2. Training Workshop Fees: Low-cost workshop series at $40 per series for Central Texas residents, with scholarships available for those who qualify
3. Virtual Office Membership: Annual virtual office membership at $150 per year for businesses needing a physical address
4. Professional Services (Additional): Additional hourly services billed at $125 per hour when beyond standard coaching scope

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Economic Growth Business Incubator (EGBI) provides free one-on-one bilingual (English/Spanish) business coaching and low-cost training workshops to aspiring and existing small business owners in Central Texas. Its core portfolio includes signature multi-week workshop series (Plan, Manage, Marketing, Bookkeeping), specialized programs such as Childcare Biz Bootcamp and From Caregiver 2 CEO, and a $150/year virtual office membership for businesses needing a physical mailing address.

Product overview

EGBI operates as a nonprofit business incubator providing a unified suite of coaching, training, and support services designed to help aspiring and existing small business owners in Central Texas achieve profitability and sustainability. The core offering consists of free one-on-one business coaching supplemented by fee-based workshop series (Plan, Manage, Marketing, Bookkeeping) and specialized programs (Build a Business with Mama, Childcare Biz Bootcamp, From Caregiver 2 CEO). Additional support services include the Biz Tech Summit, Lunch & Learns, Toastmasters Club, Winning Government Contracts workshop, Marketing Roundtable, Chats with Business Owners, Small Business Week, Celebrating Success event, and Happy Hour fundraiser. A virtual office membership provides physical address services for $150/year. All services are available in English and Spanish with a focus on underserved communities across seven Central Texas counties.

Differentiator

Problem solved

Functional benefit

Products and services

• Business Coaching
• Plan Series
• Manage Series
• Marketing Series
• Bookkeeping Series
• Build a Business with Mama
• Childcare Biz Bootcamp
• From Caregiver 2 CEO
• Biz Tech Summit
• Toastmasters Club
• Winning Government Contracts
• Virtual Space (Virtual Office Membership)

Quantifiable outcome

• For every $1 invested in EGBI, clients report generating $56 in revenue in Central Texas
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

13 partnerships are on record, tiered flagship, core and minor.

• Housing Authority of the City of AustinflagshipStrategic or Co-development Partner · 1 January 2003Founding partner in EGBI's establishment in 2003. HACA provides leadership through VP Michael Cummings who serves as Board Chair. Dedicated to creating and sustaining healthy communities that promote individual responsibility, economic growth, and human dignity.
• Greater Austin Hispanic Chamber of Commerce (GAHCC)flagshipStrategic or Co-development Partner · 1 January 2003Founding partner in EGBI's establishment in 2003. GAHCC's mission is building members' wealth. Strong ongoing partnership with shared vision for economic development in Central Texas.
• Military Families Center at Austin Community College (ACC)coreStrategic or Co-development PartnerPartnership to support military families with business development services. The center provides 4,000 sq ft of space for military families to meet, network, and access resources. EGBI provides technology and business training workshops for military spouses and community.
• City of Austin Economic DevelopmentcoreStrategic or Co-development PartnerJoaquín Gonzalez from City of Austin Economic Development moderates the Winning Contracts workshop. Partnership supports government contracting education for small businesses.
• Austin Small and Minority Business ResourcescoreStrategic or Co-development PartnerMentor organization for government contracting workshop, providing expertise and resources for small and minority business development.
• Capital MetrocoreStrategic or Co-development PartnerMentor organization for government contracting workshop. Catalyst sponsor of EGBI events.
• Travis County PurchasingcoreStrategic or Co-development PartnerMentor organization for government contracting workshop, helping businesses understand public sector procurement processes.
• DPR ConstructionminorStrategic or Co-development PartnerPrime contractor partner for speed mentoring session at contracting workshop, sharing insights on selection process.
• The University of Texas SystemminorStrategic or Co-development PartnerMentor organization for government contracting workshop.
• TFC Office of Small Business OpportunitiescoreStrategic or Co-development PartnerMentor organization for government contracting workshop, supporting small business procurement opportunities.
• Central Health Travis County Hospital DistrictminorStrategic or Co-development PartnerMentor organization for government contracting workshop.
• Austin ISD Economic Opportunity OfficeminorStrategic or Co-development PartnerMentor organization for government contracting workshop.
• Ramos James Law, PLLCcoreGTM or Marketing PartnerEvent sponsor and founder Laura Ramos James provides support. The Ramos James Award - Building with Integrity is named in her honor.

Scale indicators10 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Small Business Development Centers (SBDC): SBDCs are federally funded nonprofit resource centers offering free business advising and training to small businesses, directly overlapping with EGBI's coaching and workshop model across Texas.
• SCORE: SCORE is a U.S.-wide nonprofit providing free small business mentoring, workshops, and resources, closely aligned with EGBI's free 1-on-1 coaching and workshop delivery model for small business owners.
• SBA Women's Business Centers: SBA WBCs provide free business training and counseling tailored to women entrepreneurs, comparable to EGBI's specialized programs such as Build a Business with Mama and From Caregiver 2 CEO.
• Greater Austin Hispanic Chamber of Commerce: GAHCC is a founding partner of EGBI and a Hispanic business chamber offering member business development services, networking, and capacity-building to small business owners in Central Texas.

Broad incumbents

• Accion Opportunity Fund: Accion Opportunity Fund is a national CDFI offering small business loans and education to underserved entrepreneurs, comparable to EGBI's mission of supporting barriered small business owners.
• LiftFund: LiftFund is a Texas-headquartered CDFI providing small business loans and capacity-building support to underserved entrepreneurs, overlapping with EGBI's small business development mission in Central Texas.
• Texas Small Business Innovation Research (SBIR) / State Trade Expansion Program: Federal/state small business innovation and trade programs provide training and resources overlapping with EGBI's Winning Government Contracts workshop and small business development focus.

Emerging players

• microMentor (Mercy Corps): microMentor is a digital mentoring platform connecting small business owners with volunteer advisors, comparable to EGBI's 1-on-1 coaching model but delivered at national scale via technology.

Regional players

• Workforce Solutions Capital Area: Workforce Solutions Capital Area is a regional workforce development partner of EGBI providing meeting space and small business pathways, comparable as a Central Texas community-based small business support organization.
• B Corp / DreamSpring: DreamSpring is a Southwest-focused CDFI providing capital and business development resources to small businesses, overlapping with EGBI's small business support mission across the Southwest region.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@LaIncubadoraPodcast
• Facebookfacebook.com/EGBIofAustin
• LinkedInlinkedin.com/company/1598930
• Instagraminstagram.com/EGBIofAustin
• Xx.com/egbiofaustin

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Economic Growth Business Incubator