A Business Incubator will provide: |
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Affordable space with flexible leases |
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Access to a team of business experts for professional advice regarding business plans, financing, incentives, marketing, accounting, legal and engineering, employee training, etc. often at a reduced cost |
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Equipment loan program to qualified small business owners who employ 25 or less |
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State income tax exemption |
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Other pertinent benefits |
Advantages for your company |
| NTC will devote its leadership, capitol resource, management and technical skills to: |
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Provide management for the project |
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Participate in the promotion and development of the project |
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Provide leadership to tenants, including assistance in the development of a business plan, financial advice, technical training, etc. |
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Assist in obtaining certification of sites as 'certified incubator projects' |
| RCIDA will devote its leadership, capitol resource, management and technical skills to: |
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Provide incubator facilities for the project by either building sites, leasing sites or obtaining sites privately-owned and dedicated to the project, all of which must be qualified as a 'certified incubator site' |
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Participate in the promotion and development of the project |
Community Benefits |
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Employment opportunity will be increased as each incubator will house businesses ranging from industrial to service, and technology-based entrepeneurs |
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The risk of small business failures will be reduced. 87% of firms that graduate from incubators are successful |
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Incubator startup firms annually increase sales by $240,000 and add an average of 3.7 new jobs per firm |
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For every dollar invested by public support, an average of $45 will be generated in local tax revenue |
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84% of incubators remain in their communities providing jobs and economic growth |
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For every 50 jobs created by incubators, another 25 jobs will be generated in support industries |
