PDA offers a wide range of assistance programs and business support systems tailored to the individual needs of business. A small business incubator is a flexible method of encouraging the development of new businesses and fostering local economic development. Incubators are facilities in which a number of new and growing businesses operate under one roof with affordable rents, sharing services and equipment, and having equal access to a wide range of professional, technical and financial programs. Return to question list. Incubator facilities provide an environment where public and private resources can combine to meet the needs of small businesses during their critical stages of development.
Community development depends heavily on small business.
Small business accounts for more jobs than larger businesses, and it generates more than one-half of all major innovations. What's more, small businesses are more cost efficient in research and development than larger ones. Most small businesses, however, fail within their first five years of operation because they're undercapitalized and lack proper management. Return to question list. Gain access to facilities and equipment not otherwise available.