Should your business grow faster or slower than you anticipated, you could end up paying for unused space or crammed into facilities inadequate to your needs. Now small business incubators offer an exciting alternative to many business owners. There were more than 550 business incubators in operation in North America by December of 1995, up from only 10 to 15 in 1980. And new incubators are opening at the rate of four to five a month, all with the goal of providing valuable assistance to start-up and fledgling firms to assure their success and growth. While most U.S. incubators have opened their doors in the last six years, they are now located in many large and small cities and some rural areas.
Incubators operate under a variety of sponsor arrangements.
In many cases, incubator services and space are provided at below-market rates by governments and agencies seeking to encourage new business development, job creation or technology transfer. While incubators are seldom suitable for retail businesses, they are often targeted to serve the needs of light manufacturing and service firms and those developing new products or engaged in research and development. Incubator tenants may also include construction-related, sales and marketing or wholesale and distribution firms. Ask for references. Send us some mail.