How do incubators contribute to local and regional economies?
Incubator graduates create jobs, revitalize neighborhoods and commercialize new technologies, thus strengthening local, regional and even national economies. • NBIA estimates that in 2005 alone, North American incubators assisted more than 27,000 start-up companies that provided full-time employment for more than 100,000 workers and generated annual revenue of more than $17 billion. Source: 2006 State of the Business Incubation Industry • Business incubators reduce the risk of small business failures. 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 Why are business incubators worthy of government subsidies? Government subsidies for well-managed business incubation programs represent strong investments in local and regional economies. Consider these returns: • Research has shown that for every $1 of estimated public operating subsidy provided the incubator,
Incubator graduates create jobs, revitalize neighborhoods and commercialize new technologies, thus strengthening local, regional and even national economies. • NBIA estimates that in 2005 alone, North American incubators assisted more than 27,000 start-up companies that provided full-time employment for more than 100,000 workers and generated annual revenue of more than $17 billion. Source: 2006 State of the Business Incubation Industry • Business incubators reduce the risk of small business failures. 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 Why are business incubators worthy of government subsidies? Government subsidies for well-managed business incubation programs represent strong investments in local and regional economies. Consider these returns: • Research has shown that for every $1 of estimated public operating subsidy provided the incubator,
