Business Incubators Give New Firms in Rural Areas a Head Start

Four out of five new businesses fail within their first 4 years. Business incubators, sponsored by local governments or other groups, can help shorten those odds. Incubators provide business services and rental space, at below market costs, for a business’s first few years. The payoff for the community is more jobs. Rural incubators may be more difficult to get going than incubators in more populous areas, but worth the investment.