By providing support process that accelerates the successful development of start-up and fledgling companies and providing an array of resources, incubators help community’s economies grow.
Construction Grants Program Impact Assessment Report, found that for every $10,000 in EDA funds invested in business incubation programs, an estimated 47 to 69 local jobs are generated.
Keeping Companies In Business
Historically, NBIA member incubators have reported that 87 percent of all firms that have graduated from their incubators are still in business. Source: Business Incubation Works