“Mike Dailey has provided exceptional service to FITCI’s start-up business clients as evidenced by 16 successful business graduates which have created more than 230 direct jobs during his tenure,” stated Mr. Don Schilling (Corp OHS), President of the Board of Directors. “Mike has skillfully managed the organization through the recession and reduced government investment to position FITCI for the next business cycle.”
A serial entrepreneur, Mr. Dailey was selected in 2005 by the FITCI Board to lead the build-out and development of the initial 10,000 SF of incubator space at Hood College. The space quickly filled and FITCI expanded to its current location at 4539 Metropolitan Court in Frederick which is now home to a number of emerging biotechnology, information technology, and green technology companies. Several FITCI client companies have received statewide and national attention including Akonni Biosystems, WGS Systems, Imagilin Technologies, and Widearea Systems.
According to Richard Griffin, Director of Economic Development for the City of Frederick, “High-tech business incubation is a critical economic development and job creation strategy of Frederick City and County. We applaud Mike’s efforts to oversee the launch of incubation in this community and though sad to see him move on, we are excited about FITCI’s next chapter.”
FITCI is a non‐profit organization created in 2005 by Frederick County, The City of Frederick, the Maryland Department of Business & Economic Development (DBED), and the Maryland Technology Development Corporation (TEDCO) in conjunction with the local business community. FITCI provides services for local entrepreneurs seeking quality entrepreneurial support services along with facilities such as offices, laboratories, shared equipment and conference space equipped with phone and web. FITCI seeks to foster entrepreneurship in Frederick and accelerate the development of commercial viable high tech businesses and jobs.
Today, FITCI stands as a significant success story of how private-public partnerships can successfully work to meet public sector goals while operating efficiently and cost effectively in the private sector. The 230 jobs created by FITCI clients have an annual payroll of $17 million and the 16 graduates generate $26 million in annual revenue and occupy commercial real estate in Frederick paying local real estate taxes of nearly a quarter million annually.
Brief Job Description
The FITCI Executive Director is a full-time, benefited position which requires normal weekday core hours and some participation at evening/weekend events. The executive director serves as CEO of the organization, reports to the Board of Directors, and is responsible for all operational aspects of organization including facilities, staff, and day-to-day business and financial functions. The position also requires providing entrepreneurial support and advice to FITCI clients. The salary is negotiable. For more information see the full job description on the FITCI website at www.fitci.org.