Small business development is good for America because it creates jobs and positively impacts local, state and national economies. However, launching a small business isn't easy, and the first two to three years are the most difficult. Start-up costs are high, and revenue generation is often slow. Nationally, more than 70% of start-ups fail in the first three years of operation. The TRDA is working hard to nurture start-ups for success.
The TRDA provides valuable resources for start-up technology companies at its Business Innovation Center.
Through a network of business incubators, the TRDA provides start-up companies with a quality environment and the hands-on assistance they need to grow and prosper. Resources include access to modern office space, shared office resources, business services, investment capital and more. As a result, the start-up companies receive the tools they need to evolve from start-ups to mature companies.
For more general information/statistics about business incubation, visit any one of the following sites:
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