Pilgrim Talks: Gustavo Chamorro, Director of the Digital Media Center

Gustavo Chamorro Director According to the Gallup There are 6 million companies in the United States. Fewer than 25,000 of those companies have over 100 employees. 99% of the 6 million companies in the United States employee fewer than 100 people. Imagine the effect on our economy if only 10% of those companies added one person to the payroll in the next 90 days. Gustavo and I will be talking about the obstacles to new job creation in Southern California in the near term and how to address those obstacles. Join us for the continuation of a great conversation. Business Incubator at the Digital Media CenterBusiness Incubator The business incubator has been created to assist Orange County-area digital media entrepreneurs develop and grow their business. The business incubator, which can accommodate 10-12 start-up companies, provides competitive lease rates and offers services ranging from basic business consulting to marketing/advertising, human resources, accounting, web and promotional design and access to venture capital. Residents will also benefit from the professional network created within the DMC.

Business Incubator Requirements To be considered as a business incubator resident your company must complete the Qualification Form. Please note that the Qualification Form requires the submission of an executive summary of your business plan, which must include information on how your company meets the requirements for admission. Below are the requirements for admission to the DMC:

• A realistic business and marketing plan reflecting the potential to grow the business and become a leading player in their market segment.
• Reasonable credit history and adequate financial resources to remain in business for at least six (6) months.
• A strong entrepreneurial management team with experience in the industry and at least one full-time employee working in the position.
• A match between the needs of your company and the resources available within the incubator program and the community.
• Not in direct competition with other incubator clients.
• A product or service that represents a unique technology that can create a competitive advantage.
• No legal claims or lawsuits pending against the business.
• The potential for multiple job creation at wages higher than the county average.
• Plans to locate in surrounding area and stay for at least three (3) years.

Gustavo Chamorro Gustavo has spent the pat four years developing a business Incubator program for the recruitment and nurturing of entrepreneurial businesses in Orang County. He regularly obtains and facilitates support services from appropriate partners and business services providers for the startups in the incubator program. He serves as the primary spokesperson for the Digital Media Center to its Advisory Committee, potential donors, business leaders, news media, and economic development agencies. Through his work at the center, Gustavo has enhanced local and regional economic growth through the successful growth of incubator businesses, and he has established strategic partnerships with governmental and community agencies, and business and industry organizations.

For more information about the Digital Media Center and the Incubation Program visit:   dmc-works.com