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The Small Business Incubator Industry: Micro-Level Economic Development

Author

Listed:
  • Candace Campbell

    (University of Minnesota)

  • David N. Allen

    (Pennsylvania State University)

Abstract

The increasing number of small business incubators reflects the growing importance of the small business sector in conjunction with local and state support for new enterprise development and for public-private cooperation in development. The authors review literature on incubator development and examine how and why incubators continue as aids for new development and redevelopment in declining areas, as well as serve as an enhancement to innovation and entrepreneurship through university-related incubators or innovation centers. The authors conclude that improving the base of small business and nurturing new business formation will be more important in the long run than attempts to attract new employers from the outside. Yet, it is clear that few incubating firms create more than a handful of jobs. Continuing research will contribute to a better understanding of how and if business incubators can make lasting contributions to economic development.

Suggested Citation

  • Candace Campbell & David N. Allen, 1987. "The Small Business Incubator Industry: Micro-Level Economic Development," Economic Development Quarterly, , vol. 1(2), pages 178-191, May.
    • Handle: RePEc:sae:ecdequ:v:1:y:1987:i:2:p:178-191
    DOI: 10.1177/089124248700100209
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    Citations

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    Cited by:

    1. Dawn Lyken-Segosebe & Tshegofatso Mogotsi & Sakarea Kenewang & Bonolo Montshiwa, 2020. "Stimulating Academic Entrepreneurship through Technology Business Incubation: Lessons for the Incoming Sponsoring University," International Journal of Higher Education, Sciedu Press, vol. 9(5), pages 1-1, October.
    2. Danny Soetanto & Sarah Jack, 2013. "Business incubators and the networks of technology-based firms," The Journal of Technology Transfer, Springer, vol. 38(4), pages 432-453, August.
    3. Rural Economy Division, 1995. "Business Assistance and Rural Development," Staff Reports 278872, United States Department of Agriculture, Economic Research Service.
    4. Mário Franco & Heiko Haase & Sandra Correia, 2018. "Exploring Factors in the Success of Creative Incubators: a Cultural Entrepreneurship Perspective," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 9(1), pages 239-262, March.
    5. Ross Brown & Suzanne Mawson, 2016. "Targeted support for high growth firms: Theoretical constraints, unintended consequences and future policy challenges," Environment and Planning C, , vol. 34(5), pages 816-836, August.
    6. Gozem Guceri-Ucar & Stefan Koch, 2016. "Exploring business incubation practices and relationships to drivers of start-up success in Turkey," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 20(1/2), pages 1-19.
    7. repec:rri:wpaper:201006 is not listed on IDEAS
    8. J. Piet Hausberg & Sabrina Korreck, 2020. "Business incubators and accelerators: a co-citation analysis-based, systematic literature review," The Journal of Technology Transfer, Springer, vol. 45(1), pages 151-176, February.
    9. Riddle, Liesl & Hrivnak, George A. & Nielsen, Tjai M., 2010. "Transnational diaspora entrepreneurship in emerging markets: Bridging institutional divides," Journal of International Management, Elsevier, vol. 16(4), pages 398-411, December.
    10. Good, Matthew & Knockaert, Mirjam & Soppe, Birthe & Wright, Mike, 2019. "The technology transfer ecosystem in academia. An organizational design perspective," Technovation, Elsevier, vol. 82, pages 35-50.
    11. Junbo Yu & Peter Nijkamp, 2010. "Methodological Challenges and Institutional Barriers in the Use of Experimental Method for the Evaluation of Business Incubators: Lessons from the US, EU, and China," Working Papers Working Paper 2010-04, Regional Research Institute, West Virginia University.
    12. Junbo Yu & Mark Middleton & Randall Jackson, 2010. "Toward the Geography of Business Incubator Formation in the United States," Working Papers Working Paper 2010-06, Regional Research Institute, West Virginia University.
    13. Kameliya Deyanova & Nataliia Brehmer & Artur Lapidus & Victor Tiberius & Steve Walsh, 2022. "Hatching start-ups for sustainable growth: a bibliometric review on business incubators," Review of Managerial Science, Springer, vol. 16(7), pages 2083-2109, October.
    14. Angelo Cavallo & Antonio Ghezzi & Cristina Rossi-Lamastra, 2021. "Small-medium enterprises and innovative startups in entrepreneurial ecosystems: exploring an under-remarked relation," International Entrepreneurship and Management Journal, Springer, vol. 17(4), pages 1843-1866, December.
    15. Rural Economy Division, 1995. "Business Assistance and Rural Development," Staff Reports 278789, United States Department of Agriculture, Economic Research Service.
    16. Muralidharan Loganathan & M. H. Bala Subrahmanya, 2023. "Efficiency of Entrepreneurial Universities in India: A Data Envelopment Analysis," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(2), pages 1120-1144, June.
    17. Brian J. Bergman & Jeffery S. McMullen, 2022. "Helping Entrepreneurs Help Themselves: A Review and Relational Research Agenda on Entrepreneurial Support Organizations," Entrepreneurship Theory and Practice, , vol. 46(3), pages 688-728, May.
    18. repec:rri:wpaper:201004 is not listed on IDEAS
    19. Angelo Cavallo & Antonio Ghezzi & Alessandra Colombelli & Gian Luca Casali, 2020. "Agglomeration dynamics of innovative start-ups in Italy beyond the industrial district era," International Entrepreneurship and Management Journal, Springer, vol. 16(1), pages 239-262, March.
    20. Eric Stokan & Lyke Thompson & Robert J. Mahu, 2015. "Testing the Differential Effect of Business Incubators on Firm Growth," Economic Development Quarterly, , vol. 29(4), pages 317-327, November.
    21. Bollingtoft, Anne & Ulhoi, John P., 2005. "The networked business incubator--leveraging entrepreneurial agency?," Journal of Business Venturing, Elsevier, vol. 20(2), pages 265-290, March.
    22. Zhao, Liming & Zhang, Haihong & Wu, Wenqing, 2017. "Knowledge service decision making in business incubators based on the supernetwork model," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 479(C), pages 249-264.

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