Who Benefits? What is the economic impact?
• The NBIA estimates that North American incubator client and graduate companies have created about half a million jobs since 1980. • Every 50 jobs created by an incubator client generate approximately 25 more jobs in the same community. • In 2001 alone, North American incubators assisted more than 35,000 start-up companies that provided full-time employment for nearly 82,000 workers and generated annual revenue of more than $7 billion. Creates business that would not start otherwise: • 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. Develop new industries in their community • 84% of incubated companies stay in the area where they were incubated. • Many case studies show how business acceleration assisted communities to diversify the economy (San Diego, Pennsylvania, Washington, Idaho). Why does Fairbanks need it? ATBA is the p
