When Allan Sindelar joined the Santa Fe Business Incubator in 1998, both his company — Positive Energy Solar — and the incubator were in their infancy.
Sindelar had previously made his living as a freelance carpenter and had several years’ experience designing and installing solar electrical systems. He had no background in starting and running a business.
The incubator, meanwhile, had just opened in a 10,000-square-foot building with barely enough room for eight or nine tenant businesses. Its founder, Marie Longserre, aimed to make it an environment that nurtured entrepreneurial impulses and connected startup owners with essential resources and training.
As the incubator’s second tenant, Sindelar’s success and that of the incubator evolved in tandem.
Positive Energy, which graduated from the incubator in 2005, reported revenues of nearly $10 million last year and expects to double that this year. The award-winning company has 55 employees in three statewide offices.
In that same time, the incubator has tripled its square footage and helped launch more than 140 businesses, said Longserre, its president and chief executive officer. “We have grown physically, in our reach, our offerings and our affiliations.”