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Business Incubators and the City of Ramsey: Preliminary Insights

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  • Title:
    Business Incubators and the City of Ramsey: Preliminary Insights
  • Author: Buechler, Gretchen ; Hofer, Tanner ; Hoffman, Maureen ; Van Oss, Eric
  • Subjects: business incubator ; City of Ramsey Projects, 2017-2018 ; economic development ; local government ; Ramsey ; sustainability
  • Description: Report and presentation completed by students enrolled in PA 5511: Community Economic Development, taught by Bob Streetar in fall 2017. This project was completed as part of the 2017-2018 Resilient Communities Project (rcp.umn.edu) partnership with the City of Ramsey. The City of Ramsey has a successful business retention and expansion (BRE) program that has been focused on small-business development and growth. To advance these efforts, the City would like to pursue new initiatives to attract, retain, and grow businesses, including developing a long-term vision and strategy for a business incubator. To assess the feasibility of a business incubator, students in Bob Streetar’s Community and Economic Development class researched extended case studies of four types of business incubators in Minnesota (government-owned, STEM-based, nonprofit, and coworking), as well as several alternatives to traditional business incubators that could assist new start-ups and spur economic development. A final report and presentation are available. This project was supported by the Resilient Communities Project (RCP), a program at the University of Minnesota whose mission is to connect communities in Minnesota with U of MN faculty and students to advance community resilience through collaborative, course-based projects. RCP is a program of the Center for Urban and Regional Affairs (CURA). More information at http://www.rcp.umn.edu.
  • Publisher: Resilient Communities Project (RCP), University of Minnesota
  • Creation Date: 2017
  • Language: English
  • Source: University of Minnesota Digital Conservancy
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