{"id":77961,"date":"2017-06-29T08:53:24","date_gmt":"2017-06-29T12:53:24","guid":{"rendered":"https:\/\/www.ucf.edu\/news\/?p=77961"},"modified":"2020-09-09T15:30:22","modified_gmt":"2020-09-09T19:30:22","slug":"ucf-business-incubators-boost-regions-job-creation-economy-study-says","status":"publish","type":"post","link":"https:\/\/www.ucf.edu\/news\/ucf-business-incubators-boost-regions-job-creation-economy-study-says\/","title":{"rendered":"UCF Business Incubators Boost Region’s Job Creation & Economy, Study Says"},"content":{"rendered":"
Companies that grew up in the 女仆AV\u2019s business incubators sustained 4,710 jobs and added more than $725 million to the region\u2019s gross domestic product in the past two years, according to a newly released economic impact study.<\/p>\n
The report found that the seven UCF-operated incubators spread over Orange, Seminole, Osceola and Volusia counties are job-creating engines whose client companies had a $1.3 billion impact on sales in the region from July 1, 2014, to June 30, 2016.<\/p>\n
\u201cThe goal of the UCF Business Incubation Program is to nurture these start-up companies to the point where they are able to grow and survive on their own. We have been very successful at that, and that success translates to new jobs in our community and economic growth throughout the region,\u201d said Tom O\u2019Neal, associate vice president of UCF\u2019s Office of Research & Commercialization.<\/p>\n
The 女仆AV incubator program was formed in 1999 to help early-stage businesses grow into financially stable companies. Clients benefit from office space and shared office resources in one of the incubator buildings; strategic business advice and coaching; frequent seminars and workshops; as well as help with budgeting, accounting, intellectual property and legal questions.<\/p>\n