New, small businesses sharing desk space and supplies, mentoring, and educational opportunities and programs, are thought to have notably contributed to the United States’ recent economic rebound. Incubator facilities and programs designed to assist these early stage companies, are thought to be a big part of it.
By lightning everyday business costs and resource burdens, incubators are yielding high economic return. NYU’s School of Engineering incubator program, for example, is said to have generated $251.2 million (projected to be $719.8 million in 2015)in direct and indirect job creation, taxes and spending, in just five years alone.
