Ingrid King is a wealthy businesswoman who wants to give something back to the people. She decides to form an organization that would renovate an old warehouse and subsidize the opening of small businesses. When a television news reporter publicized what she was doing, more than ten hopeful entrepreneurs applied for the subsidization. At present, more than fifteen successful businesses have received help from King. King's organization could be described as a(n) __________.

Question

Quizplus · Accepted Answer

A business incubator is an organization designed to accelerate the growth and success of entrepreneurial companies through an array of business support resources and services. Ingrid King's organization fits this description by renovating a warehouse and subsidizing small businesses to help them get started, thereby fostering their development and success.

Ingrid King Is a Wealthy Businesswoman Who Wants to Give