Sen. Sherrod Brown touts job creation powers of business incubators: PolitiFact Ohio

News

Sen. Sherrod Brown touts job creation powers of business incubators: PolitiFact Ohio

Plain Dealer – Business incubators, known as business "accelerators" in Europe, serve as homes and training grounds for new companies, providing them an affordable start-up environment and a variety of administrative, consulting and networking services.

When President Obama came to Cleveland on Feb. 22 to talk about ways to help small businesses, Sen. Sherrod Brown used the opportunity to tout legislation he has written called the Business Incubation Promotion Act, which would help create more business incubators in hard-hit regions of the country.

In an opinion piece he penned for The Plain Dealer, Brown said: "For every $10,000 invested in business incubators, up to nearly 70 local jobs are generated."

Read the whole article »