History of ABI

The Amoskeag Business Incubator was started in 1997 as a joint venture between Southern New Hampshire University and the City of Manchester, NH. The Incubator was managed as a program under the University and provided seed funding by the City.

The Incubator secured a seven year lease at 670 North Commercial Street.  At the end of the lease term in January 2004, the Incubator was awarded a $1 million grant under the Community Development Finance Authority's Tax Credit Program to retrofit its current space at 33 South Commercial Street into 36 offices and shared common space.

In September of 2005, the Incubator became its own 501c3 non profit corporation and under a management contract, the Incubator continues to be managed by Southern NH University.

FACTS

• The ABI is a mixed-use Incubator, meaning that various types of businesses reside in it.  To date, the types of businesses that have resided in the ABI include: service, high tech, light manufacturing and distribution.
• The ABI has assisted over 70 businesses through its program.
• The businesses that have participated in the ABI program have created hundreds of jobs in the community.
• Thousands of individuals in the community have benefited in business development by attending workshops, seminars, networking events, and by visiting the Business Information Center located at the ABI.
• Over 1300 students at Southern NH University have gained unique hands on experience by working with businesses located in the ABI.