8:51 PM
Julio Barreto
A study released in January by the Economic Development Administration (EDA) concluded that business incubators generate more jobs per dollar invested than any public works initiative. The study, “Construction Grants Program Impact Assessment Report,” was announced in January in an EDA newsletterThe study, prepared by Grant Thorton, found that business incubators are the most effective means of creating jobs – more effective than roads and bridges, industrial parks, commercial buildings, and sewer and water projects. In fact, incubators provide up to 20 times more jobs than community infrastructure projects (e.g., water and sewer projects) at a cost of $144 to $216 per job compared with $2,920 to $6,872 for the latter, the report notes.The study showed that on average, EDA investments produce...
