Business incubators nurture the development of entrepreneurial companies, helping them survive and grow during the start-up period, when they are most vulnerable. These programs provide their client companies with business support services and resources tailored to young firms. The most common goals of incubation programs are creating jobs in a community, enhancing a community’s entrepreneurial climate, retaining businesses in a community, building or accelerating growth in a local industry, and diversifying local economies. Incubators vary in the way they deliver their services, in their organizational structure and in the types of clients they serve. As they are highly adaptable, incubators have differing goals, including diversifying rural economies, providing employment for and increasing wealth of depressed inner cities, and transferring technology from universities and major corporations. Incubator clients are often at the forefront of developing new and innovative technologies – creating products and services that improve the quality of our lives in communities around the world.

OKLAHOMA-ROGERS COUNTY BUSINESS INCUBATORS BENEFITS INCLUDE:

• 5 year State Tax Exemption on income generated within the occupied site.
• Additional 5 year State Tax Exemption if 75% or greater of the gross sales are to out -of-state buyers.
• Below market rate occupancy lease on building spaces - 3,000 sf. to 12,000 sf. manufacturing and industrial space available.
• Rogers County Industrial & Development Authority offers incubator manufacturing spaces located in Chelsea, Inola, and Oologah, Oklahoma.