The Nevada County Economic Resource Council is making headway on its multi-level plan to increase the economic pie in Nevada County by increasing business opportunities. Executive Director Jon Gregory came on board in January of 2014 and while working with the Board of Directors established a three tier plan to support existing business and entice new businesses to relocate to Nevada County. The first initiative called the Fab 5 is focused on existing businesses that are seeking support. Jon Gregory tells KNCO that so far there a three businesses that have applied to be part of the Fab 5. The first is Gyro-Stabalized Systems or GSS.

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Gregory says the ERC can help GSS in a couple of ways. The first effort will be assisting with an advisory board to assist with entering new markets.

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The ERC is also helping GSS find capital.

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The ERC is also helping broadband internet provider, Spiral InterNet, look for both private and Public Utilities Commission funding.

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The third company the ERC is assisting, TD BackOffice.com, is an internet based company that provides back office support to businesses that don’t have that expertise in house.

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The ERC is preparing to review the next set of prospective Fab 5 businesses. The committee is setting up an early October date to review those companies.