Facts About Incubators
- North American technology incubators client companies and graduate companies have created ~500,000 jobs since 1980.
- Every 50 jobs created by an incubator client company generate approximately 25 more jobs in the same community.
- In 2001 alone, North American incubators assisted more than 35,000 start-up companies that provided full-time employment for nearly 82,000 workers and generated annual earnings of more than $7 billion.
- Research has shown that for every $1 of estimated public investment provided the the incubator, clients and graduates of National Business Incubation Association member incubators generate approximately $30 in local tax revenue alone.
- Incubators create jobs at a cost of about $1,100 each, whereas other publicly supported job creation mechanisms costs more than $10,000 per job created.
Source: National Business Incubation Association (NBIA)