Speeding Up Growth and Success of Startup and Early Stage Companies
Since 1990 the Louisiana Business Incubation Association has been a resource to incubator managers providing an important tool for continued growth of Louisiana’s economy. Meeting quarterly, the membership comes together to discuss important state and federal legislation, economic incentives and incubation best practices.
The association has helped inform communities about the importance of incubation and remains one of the state’s strongest supporters of small business in Louisiana.
27
Assisted more than 27,000 start-up companies
K
100
K
Provided full-time employment for more than 100,000 workers
17
B
Generated annual revenue of more than $17 billion.
WHAT HAVE NORTH AMERICAN INCUBATORS DONE FOR BUSINESSES AND WORKERS?
(Source: 2006 State of the Business Incubation Industry)
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Construction Grants Program Impact Assessment Report, found that for every $10,000 in EDA funds invested in business incubation programs, an estimated 47 to 69 local jobs are generated.
JOB CREATION
KEEPING COMPANIES IN BUSINESS
Historically. InBIA member incubators have reported that 87 percent of all firms that have graduated from their incubators are still in business.
BUSINESS SUPPORT
By providing support process that accelerates the successful development of start-up and fledgling companies and providing an array of resources, incubators help community's economies grow.