Creating Economic Dev Opportunities – Case for multiple site Business Incubator Networks
Currently, we are beginning a recovery from an unprecedented 18-month economic recessionthat was the longest since World War II. Many communities are seeking ways to help add jobs and diversify their economies and are looking to implement change through economic development. Increasingly, we are seeing business incubators as part of a larger business incubator network that provides a cohesive, integrated targeted network to promote the strategic economic development goals of a region and the state. This article presents the findings of a literature search and interviews with eight managers of regional business incubator networks in the United States. It describes the benefits, advantages, disadvantages, and common practices of these regional incubator networks.
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