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What is a small business incubator?

April 26, 2017incubator small business

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What is a small business incubator?

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A small business incubator encourages the development of new businesses and fosters local economic development. Incubators are facilities in which a number of new and growing businesses operate under one roof with below market rents, sharing services and equipment, and having equal access to a wide range of professional, technical and financial programs.