$250,000 Business Incubator May Create Jobs

Published on: Mon, 28 Jul 2008 20:06:15 -0700

The state Senate approved at least $250,000 to create a business incubator program that will assist start-up companies with office space, equipment and mentoring. The idea behind the program came out of the success from large defense contractors in the country. Business incubators reduce costs in overhead, including rent and High Speed Internet use. They also offer tax incentives, marketing through the programs Web site and publications, and access to economic development services and technical assistance. County officials said the $250,000 grant is just the beginning for Oakland University to set up the incubator at a yet-to-be-determined location. The House approved the measure Wednesday.

Author: employmentcrossing
Keywords: $250 000 Business Incubator May Create Jobs EmploymentCrossing GovernmentCrossing state senate oakland university business incubators contractors
Added: July 28, 2008