Walnut Creek, CA, August 05, 2010 --(PR.com
)-- The CUBE celebrated its first full year of operation and announced today it was recently granted IRS Section 501(c) (3) non-profit status. As the CUBE begins its first annual fund raising drive, these developments demonstrate that, with the proper support, it will continue to be a source for the germination of new ideas and business opportunities in the Reno, NV area. The CUBE currently houses 10 start-up businesses.
As a business-incubator, the CUBE's main function is to create jobs by bringing new businesses to the area with its efforts to assist start-up businesses. Norman Smith, a partner with CFOs 2GO Partners and a founding sponsor of the Cube, points to the importance of new businesses for the recovery of the Northern Nevada job market. He cited a Kauffman Foundation study which said that job growth in the is driven by start-ups, adding 3 million new jobs per year, versus existing companies which are shedding about 1 million jobs per year. According to Smith: "We cannot depend on the government to generate all of the jobs needed for recovery. CFOs 2GO Partners is dedicated to facilitating the collaboration and mentoring needed by those courageous enough to start their own business in spite of the current economy."
Through the support of CFOs 2GO Partners, Smith serves as the volunteer Executive Director of the CUBE. Funding for the CUBE has also come from the founders and its sponsors, Basin Street Properties as a founding sponsor and Silver Sky Group, Charles Schwab Bank, NV Energy, EDAWN, The Reno-Sparks Chamber of Commerce, Incusage LLC and iN3 Partners.
With a major investment of capital into the success of this project, Bob Weis CEO and President of CFOs 2GO Partners indicated: “We have been relatively fortunate as a company to have weathered the economic turmoil of the last several years and our investment in the CUBE is a way for us to participate in assisting with the economic recovery. We are proud of the CUBE’s accomplishments and we believe they will prosper.”
About The 2GO Group
The 2GO Group is a specialty financial service provider that includes CFOs 2GO, Accountants 2GO, CFOs 2Go Partners and IT2GO. It provides interim, part-time, or full-time CFOs and finance-related personnel. These same services are offered by our IT2GO group on an interim, part-time or full-time basis. The services offered by the 2GO Group are custom-tailored to meet the specific needs of its clients. The 2GO Group is headquartered in Walnut Creek, CA and has served clients across the USA, Asia and Europe. For more information please visit www.CFOs2GO.com.
The 2GO Group