The TED Center Business Incubator is a multi-tenant facility with associated programs and services designed to improve the viability and strength of small businesses and serve the economic development role of creating new jobs.
The Business Incubator Program provides:
- Rental space
- Shared office support services
- Professional consultation
- Access to management / technical assistance
- Computer training
- Job creation and entrepreneurial education workshops
The Business Incubator helps businesses grow in order to employ more people from the community in the services industry (janitorial, lawn service, etc...), professional services (accountants, consultants, legal, etc...), food preparation, and the construction industry.
The TED Center seeks to improve the viability of such small businesses during the critical stages of early development. The benefits are well documented through other incubator facilities. See, for example, the results of a nationwide survey of incubators conducted by the University of Michigan, Ohio University, The National Business Incubation Association and the Southern Technology Council titled Business Incubation Works (N-BIA, August 1997).
The Business Incubator allows businesses to operate either by securing office space within the TED Center or operating their business outside the Center. Clients identify within the community they serve while sharing overhead expenses among the other businesses in the incubator. In addition, professional alliances and partnerships are often formed among different businesses in an incubator, thereby increasing the professional capabilities and marketability of their enterprise.
