Monday, November 12 , 2018, 5:16 pm | Fair 65º

 
 
 
 

Supporters of Goleta Entrepreneurial Magnet Check Out Potential GEM of an Office Site

Small-business collaborative of the Goleta Valley Chamber of Commerce, UCSB and the City of Goleta works to raise funds and awareness

Those still wondering what the Goleta Entrepreneurial Magnet does were given a glimpse Wednesday of a physical space the small-business incubator could soon call home.

A group of invited guests gathered at 475 Pine Ave. in Old Town Goleta for an open house hosted by the Goleta Valley Chamber of Commerce in an attempt to raise funds and awareness for GEM, its partnership with the City of Goleta and UC Santa Barbara to attract and nurture local tech start-up businesses.

Until now, the collaborative has had no home.

GEM’s lone employee, executive director Doug Lynch, welcomed supporters into 2,000 square feet that could become a conference room if enough donations can be gathered to lease the former tech company space.

“The goal is by the first of the year,” Lynch said of a move-in date. “We’re open for suggestions.”

Lynch, who took on the new role in April, said the Goleta chamber and UCSB would match any funds supporters can provide.

Chamber president and CEO Kristen Miller said GEM could move into the entire building — that also includes 5,000 square feet of office space and storage warehouse-like space, respectively — or a portion of it.

Costs of the nonprofit operating the entire space were estimated at $12,000 to $15,000 per month.

GEM executive director Doug Lynch talks with an attendee at Wednesday's open house. (Gina Potthoff / Noozhawk)

“I’m very excited about this one,” Miller said. “There are so many options in this one building.”

UCSB Executive Vice Chancellor Gene Lucas and Goleta Mayor Roger Aceves also offered words of encouragement, referring to a physical GEM space as a major milestone.

“There’s a lot of energy in this room, and we need to build on that,” Aceves said. “This is a beautiful space. It really is. This only works if we have a true public-private partnership.”

Lynch said GEM is also seeking more advisers and mentors to pair with entrepreneurs, who have yet to officially commit as potential tenants.

Startups, many of which would come out of UCSB, could ideally use the incubator space for one to two years before growing out into the Goleta community, Lynch said.

Noozhawk staff writer Gina Potthoff can be reached at .(JavaScript must be enabled to view this email address). Follow Noozhawk on Twitter: @noozhawk, @NoozhawkNews and @NoozhawkBiz. Connect with Noozhawk on Facebook.

Support Noozhawk Today

You are an important ally in our mission to deliver clear, objective, high-quality professional news reporting for Santa Barbara, Goleta and the rest of Santa Barbara County. Join the Hawks Club today to help keep Noozhawk soaring.

We offer four membership levels: $5 a month, $10 a month, $25 a month or $1 a week. Payments can be made using a credit card, Apple Pay or Google Pay, or click here for information on recurring credit-card payments and a mailing address for checks.

Thank you for your vital support.

Become a Noozhawk Supporter

First name
Last name
Email
Select your monthly membership
Or choose an annual membership
×

Payment Information

Membership Subscription

You are enrolling in . Thank you for joining the Hawks Club.

Payment Method

Pay by Credit Card:

Mastercard, Visa, American Express, Discover
One click only, please!

Pay with Apple Pay or Google Pay:

Noozhawk partners with Stripe to provide secure invoicing and payments processing.
You may cancel your membership at any time by sending an email to .(JavaScript must be enabled to view this email address).

  • Ask
  • Vote
  • Investigate
  • Answer

Noozhawk Asks: What’s Your Question?

Welcome to Noozhawk Asks, a new feature in which you ask the questions, you help decide what Noozhawk investigates, and you work with us to find the answers.

Here’s how it works: You share your questions with us in the nearby box. In some cases, we may work with you to find the answers. In others, we may ask you to vote on your top choices to help us narrow the scope. And we’ll be regularly asking you for your feedback on a specific issue or topic.

We also expect to work together with the reader who asked the winning questions to find the answer together. Noozhawk’s objective is to come at questions from a place of curiosity and openness, and we believe a transparent collaboration is the key to achieve it.

The results of our investigation will be published here in this Noozhawk Asks section. Once or twice a month, we plan to do a review of what was asked and answered.

Thanks for asking!

Click Here to Get Started >

Reader Comments

Noozhawk is no longer accepting reader comments on our articles. Click here for the announcement. Readers are instead invited to submit letters to the editor by emailing them to [email protected]. Please provide your full name and community, as well as contact information for verification purposes only.

Daily Noozhawk

Subscribe to Noozhawk's A.M. Report, our free e-Bulletin sent out every day at 4:15 a.m. with Noozhawk's top stories, hand-picked by the editors.

Sign Up Now >

Meet Your Realtor Sponsored by Village Properties

Photo of Dianne and Brianna Johnson
Dianne and Brianna Johnson
"We are committed to making our clients feel special by providing the concierge level service they deserve."

Full Profile >