Incubator Admission Policy

The following criteria govern admission into the ICDC BAC program and are in addition to regulations set forth in the BAC leasing and occupancy agreement:

The Innercity Community Development Corporation Business Assistance Center (BAC) recognizes the necessity for criteria governing the admittance of business entities into the ICDC BAC program. Outlined below are criteria in addition to regulations as set forth in the leasing and occupancy agreement for the BAC:

• Businesses must be legitimate, legal entities conducting legal business and provide appropriate documentation.
• Businesses applying for incubator space shall be upstart companies not more than 1 year old, unless previously classified as a home based business.
• Businesses must qualify regarding low to moderate income guidelines, job creation guidelines, or area served benefit guidelines.
• Businesses must apply for incubator space using the BAC application.
• Businesses must have a complete business plan within 3 months of admission into the BAC. Free services of the on-site Business Coach are available to assist with writing business plans.
• Principals must be 18 years of age or older. Principals must be U.S. Citizens or legal aliens.
• Businesses must be in compliance with the guidelines and policies as set forth by the City of Dallas Economic Development/ Business Assistance Center Program and its intent, including but not limited to: supplying the necessary documentation and reporting for job creation/retention, increased sales, loan acquisition etc.
• Business must agree to receive free business counseling/ one-on-one technical assistance from on-site Business Coach and participate in a minimum of 3 business training workshops per year.
• Businesses must be compatible with the current incubator configuration as physical and use constraints dictate.