Rural Business Incubators - Effects on Rural Economic Development
Potential tenants include "lone eagles" - educated entrepreneurs attracted to rural areas' lower costs and beauty who can work remotely using technology. However, rural incubators face challenges like funding, facilities, and staffing.
Rural business incubators are facilities managed by public, private, or nonprofit organizations that provide resources like office space, services, and networking opportunities to startup businesses. They aim to improve businesses' chances of success by lowering costs.
Potential tenants include "lone eagles" - educated entrepreneurs attracted to rural areas' lower costs and beauty who can work remotely using technology. However, rural incubators face challenges like funding, facilities, and staffing. Successful incubators conduct feasibility studies, educate communities on entrepreneurship, and ensure technology and leadership support for tenant businesses. Examples show incubators creating jobs and renewed optimism in communities like Maddock, ND.
Israel Ag Nouh Yattara
