Business Incubators and Social Capital Building

Paper Summary:

The paper examines how business incubation programs and social capital building can fortify the economic fortunes of small rural communities in America, by bolstering local businesses and entrepreneurs. In particular, the paper takes a closer look at how the two items outlined above contribute to the nurturing of business expertise, foster the growth of strong professional and informal ties among community groups and community members, allow local communities to swell their public coffers and provide hope for the future.

From the Paper:

"The social and economic development of rural communities in America has been a hot topic of discussion for a number of years in light of the steady de-population of those communities. With this in mind, the following paper will explore how business incubators and social capital building projects can positively impact these communities and allow them to regain some of their former vitality. In particular, the paper will note how business incubation programs foster self-reliance, collaboration and skill development while social capital building encourages collaboration and precisely the sort of professional and personal networks businesses (and small rural communities) need to survive. In the end, both business incubation and social capital creation allow small communities to achieve big things."

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