Best Practices in Small Town Business Incubation
Date: November 28, 2012
Time: Noon (Eastern Time)
Contact: Rosa Soliz, firstname.lastname@example.org
To view this webinar, go to: http://connect.msu.edu/ncrcrd.
Business formation and growth are fundamental drivers of job creation and economic growth in the United States, creating more than 18 million and 44 million new U.S. jobs, respectively (1998-2004), or 17 percent and 41 percent of total newly created jobs.
Business incubators and related incubation assistance have been playing a critical role in the flourish of new business creation and development. They have provided a nurturing environment, through an array of business support resources and services, where entrepreneurs, startups, and small businesses can commercially validate and transform their ideas and concepts into viable products and services.
Business incubation, consequently, has been increasingly recognized as a viable approach for promoting new business formation and for accelerating new business growth. Nevertheless, there exists no systematic approach for monitoring and evaluating the performance of business incubators across industrial sectors and geographic regions. The existing literature continues to suffer from limitations that have been identified for years. Furthermore, existing performance measures have inherent biases against rural business incubators, which typically face disadvantageous local economic conditions.