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Business Centers, Incubators and Other Business Terms That matter
What is a business incubator?
Before the definition of an incubator is shared, it may be helpful to lay a foundation of understanding about the whole economic development ecosystem that academics and professionals attempt to create for the public.
First, consider the umbrella term referred to as entrepreneurship centers according to the International Business Incubator Association (INBIA).
These types of centers are located all over the world and each is geared toward driving economic development and job creation.
Outlook for Prosperous 2023
The New Year should be prosperous for Southwest Louisiana. As rebuilding and recovery efforts continue, retail sales should be strong especially building materials, appliances, furniture and construction. New retail and restaurants are coming in ’23. Increased interest rates may slow housing sales but prices of houses may decrease some to help offset higher interest rates. There is still a need for additional housing in our area, both single and multi-family, so we expect construction to continue.
