Economic Growth Business Incubator
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.
- Company typePrivate
- Founded2003
- HeadquartersAustin, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
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.
Economic Growth Business Incubator firmographics
Firmographics- 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
Economic Growth Business Incubator industry classification
Industry- 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
Where Economic Growth Business Incubator is headquartered
LocationHeadquarters
- HQ city
- Austin
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Economic Growth Business Incubator business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- 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
- Training Workshop Fees: Low-cost workshop series at $40 per series for Central Texas residents, with scholarships available for those who qualify
- Virtual Office Membership: Annual virtual office membership at $150 per year for businesses needing a physical address
- Professional Services (Additional): Additional hourly services billed at $125 per hour when beyond standard coaching scope
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Free Business Coaching - No cost to Central Texas business owners |
| One time/ perpetual license | Pay-as-you-go | Workshop Series - $40 for entire series |
| Subscription | Annual | Virtual Office Membership - $150 annual fee |
| Other | Pay-as-you-go | Additional Services - $125 per hour |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Economic Growth Business Incubator product offering
Product offeringCore 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
Companies that use Economic Growth Business Incubator
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
Economic Growth Business Incubator technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Economic Growth Business Incubator partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered flagship, core and minor.
- Housing Authority of the City of AustinflagshipFounding 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)flagshipFounding 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)corePartnership 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 DevelopmentcoreJoaquín 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 ResourcescoreMentor organization for government contracting workshop, providing expertise and resources for small and minority business development.
- Capital MetrocoreMentor organization for government contracting workshop. Catalyst sponsor of EGBI events.
- Travis County PurchasingcoreMentor organization for government contracting workshop, helping businesses understand public sector procurement processes.
- DPR ConstructionminorPrime contractor partner for speed mentoring session at contracting workshop, sharing insights on selection process.
- The University of Texas SystemminorMentor organization for government contracting workshop.
- TFC Office of Small Business OpportunitiescoreMentor organization for government contracting workshop, supporting small business procurement opportunities.
- Central Health Travis County Hospital DistrictminorMentor organization for government contracting workshop.
- Austin ISD Economic Opportunity OfficeminorMentor organization for government contracting workshop.
- Ramos James Law, PLLCcoreEvent 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
Economic Growth Business Incubator competitors and assessment
Company assessmentDirect 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
Economic Growth Business Incubator social profiles
Digital presenceEconomic Growth Business Incubator financial estimates
Financial estimateRevenue estimate
Valuation estimate
Economic Growth Business Incubator leadership team
Management profileNumber of profiles
Profiles15 records
Economic Growth Business Incubator funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Economic Growth Business Incubator M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Economic Growth Business Incubator
What does Economic Growth Business Incubator do?
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.
Is Economic Growth Business Incubator a public or private company?
Economic Growth Business Incubator is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Economic Growth Business Incubator founded?
Economic Growth Business Incubator was founded in 2003. It employs 1 to 10 people.
Where is Economic Growth Business Incubator based?
Economic Growth Business Incubator is headquartered in Austin, United States, in the North America region.
How does Economic Growth Business Incubator make money?
Four revenue lines are on record. Donations and Charitable Contributions are the primary driver. The others are training Workshop Fees, virtual Office Membership and professional Services (Additional).
Who are Economic Growth Business Incubator's main competitors?
Direct peers on record are Small Business Development Centers (SBDC), SCORE, SBA Women's Business Centers and Greater Austin Hispanic Chamber of Commerce. Broad incumbents are Accion Opportunity Fund, LiftFund and Texas Small Business Innovation Research (SBIR) / State Trade Expansion Program. microMentor (Mercy Corps) is listed as an emerging player. Regional players are Workforce Solutions Capital Area and B Corp / DreamSpring.
Does Economic Growth Business Incubator have an API?
No public API is recorded for Economic Growth Business Incubator.
What industry is Economic Growth Business Incubator in?
Economic Growth Business Incubator's product category is Small Business Development Services. Its primary akta.pro industry code is EDAMAHAC, Youth Business Incubators & Accelerators, with a secondary code of EDAMAHAI, Leadership, Management & Teamwork for Business. Its NAICS code is 61143 and its SIC code is 8200.