"Taking Montgomery County’s Technology Community to the Next Level"

This report, focusing on a high technology cluster in the United States, notes that "according to the Small Business Administration, four out of five new businesses fail within the first five years. However, the National Business Incubator Association estimates that 80 percent of firms cultivated in an incubator continue to operate after the same time period has elapsed." It also states that in the United States, "the public sector cost per direct job created by investments in incubation is low, ranging from roughly $3,000 to $12,000 per job. Moreover, approximately 84 percent of incubated firms tend to locate locally upon graduation from an incubator."

Sage Policy Group, Ltd., January 2005. (PDF, 62 pages.)