Angarai International cut the ribbon on its new home in Greenbelt on Sept. 9, making it one of the more successful stories to come out of the Prince George’s County Economic Development Corporation (PGCEDC) Technology Assistance Center (TAC) Incubator program.
Angarai was started in 2003 in the basement of Venkat Subramanian’s home. Since then he has grown the company into a major player in project management consulting. Diversity MBA Magazine named Subramanian as one of the Top 100 Diverse Executive Leaders Under 50.
Helping Angarai reach this point was the Prince George’s Financial Services Corporation (FSC First). The small business loan Angarai received from FSC First was seen as a no-brainer for the lender.
“We are pleased to have been a partner to Mr. Subramanian in his search for a commercial property,” said FSC First President Shelly Gross-Wade in a statement.
“His rapid success is a testament to the importance of being resourceful as a business owner, and knowing what opportunities are available to aid in your growth.”
Angarai was part of the TAC incubator program and enrolled in the PGCEDC Small Business Initiative as well. As part of this program, the company was given a mentor to help the company grow. Capital One Bank provided associates to consult with firms on business development , giving each company the one-on-one interaction needed to be successful.
“This relationship will allow the economic development corporation to expand its mission to assist small businesses in the critical area of strategic development,” said PGCEDC President and CEO Gwen McCall. “We also understand the importance of having a great financial leader like Capital One partnering with us to assist our companies with business development.”
PGCEDC’s efforts aren’t lost on government officials including Prince George’s County Executive Rushern Baker. He says he thinks PGCEDC and its programs are doing wonders for growth in the county and he’s going to ensure the program’s long-term futures.
“The county executive wants to let you know that he’s very committed to the mentor protégé program that we are beginning to reinvigorate here at the economic development corporation,” Nathaniel Tutt, the county executive’s liaison for Economic Development in Prince George’s County, said. “We’re looking forward to the days ahead and bringing a more vibrant technology economy to Prince George’s County.”
There are currently 15 businesses rolled in the TAC. Small business owners interested in enrolling should visit www.pgcedc.com for more details.