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February 2014

Business Incubators: A Resource for Young, Growing Companies

Business incubation is a support process that accelerates the development of startup and fledgling companies by providing entrepreneurs with targeted services and resources. A business incubator’s overarching goal is to produce successful firms. Incubators can provide technical assistance and consulting, as well as access to startup spaces, flexible leases and assistance in obtaining necessary financing. Historically, 87 percent of all firms that graduated from an incubation program are still in business.

The Governor’s Office of Economic Development (GOED) has compiled a list of business incubation, resource centers and co-working services in Utah to help your business succeed.