Business incubators nurture the development of entrepreneurial companies, helping them survive and grow during the start-up and expansion periods, when they are most vulnerable. These programs provide their client companies with business support services and resources tailored to young and growing firms. The most common goals of incubation programs are creating jobs in a community, enhancing a community’s entrepreneurial climate, retaining businesses in a community, building or accelerating growth in a local industry, and diversifying local economies. Incubators are a combination of a physical facility and the services provided. Often, the rent is reduced for the first 1-3 years of occupancy for a business locating in an incubator, and the services initially are either free or at a reduced price. There are over 1,400 incubators in North America, and the strategy originated in the late 1970s.
Application for Occupancy (coming soon)
For more information, please call contact Jason Spaeth at 320-629-5175 or Jason.Spaeth@pine.edu.