Peoria NEXT Innovation Center: Facts About Incubators
Posted on April 7th, 2000

• North American tech incubator client companies and graduate companies have created about half a million 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 incubator, clients and graduates of NBIA-member incubators generate approximately $30 in local tax revenue alone.

• Publicly supported incubators create jobs at a cost of about $1,100 each, whereas other publicly supported job creation mechanisms cost more than $10,000 per job created.

Source: National Business Incubation Association (NBIA)

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