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Honors & Awards

LBTC Wins EDA Award, Celebrates 21st Anniversary

11/06/2009 08:14 AM
BATON ROUGE – In a bit of a coincidence, the Louisiana Business & Technology Center celebrated its 21st anniversary and was presented the 2009 Economic Development Administration Excellence in Economic Development Award for Rural Economic Development last night.
 
“The LBTC’s exemplary efforts in assisting businesses in rural areas with its ‘Incubator on Wheels’ initiative serve as a model that others can follow,” said EDA Senior Advisor and Director of Strategic Initiatives Barry Johnson. “The Mobile Classroom and the entrepreneurship they have inspired are incredible assets for Louisiana.”
 
Held at the Lod Cook Alumni Center on the campus of LSU, the LBTC anniversary celebration had as its theme “21 Years of Igniting Innovation” and served as an opportunity to honor the accomplishments and achievements of the LBTC and the tenants of its small business incubator.
 
LSU System President John Lombardi, LSU Chancellor Michael Martin, LSU E. J. Ourso College of Business Dean Eli Jones and LBTC Executive Director Charles D’Agostino all provided remarks at the event and were joined by various state government officials and LBTC Advisory Board Chairman and Vice President of Economic Development for the Louisiana Public Facilities Authority Martin Walke.
 
“This organization does more with less than any I have ever been associated with,” Walke said about the LBTC in his comments to attendees. “The university pays for two salaries. The rest is ‘eat what you kill.’ All of Louisiana has benefited from the work of Charlie (D’Agostino) and his staff.”
 
Three tenants – Comprehensive Safety Solutions, LLC; Progressive Security Technologies, LLC; and Exec-U-Store, LLC – are graduating from the incubator this year and were honored along with the following LBTC former and current tenants:
 
  • LBTC Tenant of the Year – HydroFlame Technologies, developer of a new process for burning a flame inside a rotating body of water.
  • LBTC Graduate Company of the Year – CAP Technologies Inc., which is developing Electrolytic Plasma Technology, an effective surface engineering tool that combines cleaning and coating of metals.
  • Small Business Development Center Client of the Year (shared) – Floating Island Environmental Solutions, LLC, first license holder in the United States to manufacture and sell BioHaven Floating Islands of 25 square feet or greater, and Latte e Milele, LLC, modeled after a traditional Roman Gelateria. For the latter, Italian style coffee is brewed fresh to order, and gelato is prepared daily at the in-house laboratory.
  • Small Business Innovation Research Client of the Year – Evisive Inc., which has created a microwave non-destructive examination technology patented in the early 1990s.
  • Mobile Classroom Community of the Year – Abbeville, La.
 
Additionally, special recognition was given to Radiation Technical Services Inc. and General Informatics, LLC, both of whom were named recently in Inc. magazine’s Top 5000. Awards were also presented to the LSU Flores MBA Graduate Assistants of the Year – Andy Arnold and Tristan Roberts – and to two Student Workers of the Year – Ashley Hemphill and Taylor Vollman.  
 
The Louisiana Business & Technology Center, an integral part of LSU’s E. J. Ourso College of Business’s Stephenson Entrepreneurship Institute, endeavors to enhance economic development in Louisiana through the support of existing small businesses and the development of new businesses. Established in 1988, the LBTC’s highly successful business incubator program has been honored as the National Business Incubator Association’s Incubator of the Year and with the U.S. Department of Commerce–Economic Development Administration’s Excellence in Economic Development 2009.  For more information, visit www.bus.lsu.edu/lbtc or call 225-578-7555.
 
 
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Wendy Luedtke
E. J. Ourso College of Business
225-578-8865

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