Pensacola is Becoming a Hot Bed for Entrepreneurs

Business and Community Leaders Start Entrepreneur Network to Boost Economic Development.

Pensacola, FL (PRWEB) May 26, 2006 -– A diverse group of prominent for profit and not for profit organizations have formed an entrepreneur resource network, a team committed to drive entrepreneurial and economic development in Pensacola, Florida.

The group includes Gulf Power Company, Darden & Associates, Gulf Coast Community Bank, SnapperSmack, White Sand Investments, The Adaugeo Group, the Florida Black Chamber of Commerce, Pensacola Bay Area Chamber of Commerce, Small Business Development Center, TEAM Santa Rosa, Pensacola Junior College and the University of West Florida.

The Adaugeo Group, the Pensacola-based business incubator, spearheaded the creation of the group and is playing an integral part in leading the organizations in its mission to develop an entrepreneur network.

“Pensacola’s greatest export is our talented professionals,” said Mark Simms, president of The Adaugeo Group. “Because our city does not have a lot of higher paying jobs, our college graduates and retirees often head for larger cities like Atlanta. It’s time for local organizations to start working together to create more job opportunities and retain our talented people.”

The goal of the network is to provide resources and guidance to present and future entrepreneurs and help them grow their businesses. Each organization in the network has committed to identifying resources it will offer to entrepreneurs. With those resources, the network will launch mentoring and guidance programs, begin an angel investment fund and design a web-based entrepreneur network to inform entrepreneurs about existing resources.

“This network has the potential to offer a unique resource to support entrepreneurs during their various stages of development,” said Bridgette Price, assistant vice president of Entrepreneurial Development at the Pensacola Bay Area Chamber of Commerce. “The use of this model to target high-growth companies can distinguish our area in reaching the knowledge-based community.”

For more information about The Entrepreneur Network or The Adaugeo Group, contact Amber Jackson at 850-439-2471.

About The Adaugeo Group
The Adaugeo Group is a holding company and business incubator of six technology-driven companies providing a variety of business services: Citadel Financial Group, offering proactive debt recovery; ERS Hire, providing background and pre-employment screenings; ECN – Exceptional Closing Network, offering courtesy closings; VerifyX, providing a secure and automated employment and income verification solution; Mortgage Fraud Awareness, LLC, educating mortgage industry professionals; and Advantage Credit International, a 5-time Inc. 500 “Hall of Fame” winner specializing in mortgage credit reporting.

###