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NEWS at The Entrepreneur Center @NVTC

VIRGINIA IS FOR ENTREPRENEURS


Kristin Seitz, Director of The Entrepreneur Center @NVTC, discusses small business and entrepreneur development in Virginia with Delegate Brian Moran (D-Alexandria).
Governor Kaine Announces Launch of Business One Stop Initiative Championed By NVTC

Governor Timothy M. Kaine last week announced the launch of Virginia's online business formation portal, or Business One Stop, to assist in the formation of new businesses in the Commonwealth. The Business One Stop will begin to streamline the business formation process by automatically finding and filling necessary forms associated with business formation, with the capacity to expand and diversify services.

The Virginia Business One Stop was created through legislation sponsored by Delegate Brian Moran (D-Alexandria) and strongly supported by NVTC during the 2007 General Assembly Session.

"The Business One Stop provides a single location for entrepreneurs to find and complete the needed forms to open their business," said Governor Kaine. "This simplifies the business formation process, speeds up business transactions, and helps eliminate data duplication by identifying and delivering forms needed by 80% of new businesses."

"This important initiative represents a synergy of technology and business, benefiting entrepreneurs by streamlining the creation of small businesses all across Virginia. Virginia is the best state in the nation to do business and our technology sector leads the way. I greatly appreciate NVTC's support of this initiative throughout the legislative process." said Delegate Brian Moran.

"We believe this initiative will keep Virginia competitive as a preferred place to start a business and help entrepreneurs reduce their transaction costs with government so they can instead focus on hiring talented employees, bringing their products to market and growing their bottom lines," said Bobbie Kilberg, President & CEO of the Northern Virginia Technology Council. "We applaud Delegate Brian Moran for sponsoring the legislation and Governor Kaine for ensuring its successful implementation."

The Business One Stop is available at: http://www.virginia.gov/bos/index.html, under the business tab of the Commonwealth's homepage, www.virginia.gov, and will also be available as a link from many agency websites. The system collects users' information, then provides and pre-fills the new business formation forms required by 80% of new businesses. The new portal will be available to entrepreneurs for free for the first 90 days. After that a nominal usage fee may be charged to future users.

NVTC promotes entrepreneurship in the technology community through The Entrepreneur Center @NVTC. The Entrepreneur Center is a resource hub for technology-focused start-ups and entrepreneurs at every stage of their lifecycle. The Entrepreneur Center fosters entrepreneurship in students, mentors the first-time entrepreneur, advises and supports the experienced entrepreneur, and facilitates strategic business relationships in the technology community.

For more information about the Business One Stop, please visit: http://www.governor.virginia.gov/MediaRelations/NewsReleases/viewRelease.cfm?id=662

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