Incubator facilities are established in order to:
A)enhance economic development and diversify the local economy.
B)revitalize central business districts.
C)centralize types of businesses and provide tax breaks to those businesses.
D)encourage businesses to locate in economically depressed areas of a city.

Question

Quizplus · Accepted Answer

Incubator facilities are typically established to support the growth and development of startup businesses by providing affordable office space, access to resources and support services, and mentoring programs. By doing so, they aim to enhance economic development and diversify the local economy by promoting entrepreneurship and innovation. While some incubators may be located in economically depressed areas of a city, this is not their primary purpose. Revitalizing central business districts or centralizing types of businesses are also not the primary purposes of incubators.

Incubator Facilities Are Established in Order To