The Courier
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www.wcfcourier.com
Sunday, February 1, 2015
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PAGE H1
H1
SUNDAY FebrUArY 1, 2015
COUNTDOWN
IGNITION
LIFT OFF
Cedar Valley has mechanisms in place to nurture new businesses. pages H1-H8
Heavy industry, tourism humming along in Northeast Iowa. pages I1-I8
Housing, health care and education make strides in the Cedar Valley. pages J1-J8
Start me up!
Cedar Valley gains a reputation as Mecca for new business JIM OFFNER jim.offner@wcfcourier.com
WATERLOO — Got an idea? Go into business. That philosophy is catching on in Waterloo and Cedar Falls. This list of startups either in development or full-blown profitability mode is growing, organizers of the business incubators at the University of Northern Iowa say. The Cedar Valley is not exactly Des Moines in terms of startup activity — yet. But it has been playing some serious catch-up, said Randy Pilkington, executive director of Business and Community Services at the University of Northern Iowa. “Business and community services entrepreneurship programs have been working in this direction for at least 15 years,” Pilkington said. The first steps were focused on building a support system for entrepreneurs, with the John Pappajohn Entrepreneurial Center focused on students and faculty and UNI’s Regional Business Center focused on community and regional entrepreneurs. Next came investment in the Regional Business Center at 212 E.
Under the big top Waterloo Tent & Tarp reinvents itself, finds new markets. page H2
Plugged in Growing menu of networking events encourages budding entrepreneurs. page H3
MATTHEW PUTNEY / Courier Photo Editor
Brittany Hawthorne, owner of Frosted!, decorates a pair of Converse shoes in the Northern Iowa business incubator in Cedar Falls. Fourth St. in downtown Waterloo in 2000. There, incubator tenants were provided technical assistance, mentoring and networking opportunities as they launched
businesses, Pilkington said. A lasting business “Approximately 45 businesses One example Pilkington cited graduated from the incubator, and is Andy Van Fleet, a partner with most located within close proximity of the incubator,” he said. See STARTUPS, page H6
The eyes have it Startup business knows what grabs and holds attention on a website. page H4
Area women make their mark building businesses JIM OFFNER
jim.offner@wcfcourier.com
CEDAR FALLS — Kate Washut and Therese Kuster are showing a woman’s touch can be golden to a startup business. Both have tried and succeeded in helping to build successful businesses in the Cedar Valley in the last few years. Washut was a comparative pioneer, having founded information technology firm Far Reach in Cedar Falls in 2007 with partners Chad Feldmann, Jason Nissen, Chris Rouw and Lana Wrage. The five colleagues, who had worked together at CUNA Mutual, slowly formulated their plan before making the jump into their own venture in the Business and Community Services Building at the University of Northern Iowa. Far Reach helped launch Hired Hand Software, a joint venture between Far Reach and Traerbased Moco Creative. The company offers a management system for Texas longhorn breeders. Another startup Far Reach
MATTHEW PUTNEY / Courier Photo Editor
Therese Kuster co-founded TargetClick Marketing, which Mudd bought last year. helped to get going was Nu Squared, a management system for vision therapists. Far Reach was the first startup to “graduate” from the UNI Business Incubator, moving into its own home on Main Street in Cedar Falls.
“We felt really fortunate to have been the first tenant in and out of that new incubator, and we really felt like that experience allowed us to get a really solid start in a way that I think better prepared us for what was to come,” said Washut, CEO of Far Reach. “We had access
to resources that would have been more difficult to find and afford. We got some good advice and felt we were growing in a way that was sustainable. ... We felt it gave us a nice foundation for standing on our own and moving the company forward.” In June 2011, Kuster, an incoming senior at UNI, and Greg Jass, a recent UNI graduate, merged their startup, SEO Solutions, with Doug Drees’ TargetClick Marketing to form TargetClick Marketing Solutions, operating out of UNI’s Innovation Incubator. One year later, Mudd Advertising, a Cedar Falls-based agency, acquired TargetClick Marketing Solutions and brought the three principals onboard. “The experience was incredibly important,” Kuster, now 25, said. Mudd has added nearly 40 employees to its digital marketing efforts since the TargetClick acquisition. “TargetClick grew steadily with new clients through networking and past relationships,” Kuster said. “We worked with clients in
the Cedar Valley as well as other metros across the country. I’m not sure there was ever a moment where we said, ‘Oh, now we’re successful’ or ‘because of this, I know we’ll succeed.’” Kuster also said her business incubator experience was invaluable. “TargetClick benefited from both the R.J. McElroy Student Business Incubator, as well as the Innovation Incubator — directed more toward community members than students,” Kuster said. “Each business goes through similar challenges of figuring out how to become an LLC, how to handle their own accounting, how to market the business, etc.,” Kuster said. “It’s great to have a community of other startups all around you to help navigate those challenges.” Each company had to adjust its business model as it matured. “Our business model has changed most significantly over the last two or three years as
See WOMEN, page H6