A Coalition of  Job Creators, Economic Developers and   Community Leaders

An Akron, Ohio Based Economic Development Incubator with  National & Global Partners.

Project ARC, Real Talk Real Deals Co-Founders, Consultants, Advisors & Strategic Partners

A National Consortium of Business Men & Women Co-Creating New Business Ventures, New Economic & Land Development Projects & New Job Creation Solutions for the Health, Wealth & Prosperity of Local, National & Global Communities. 

Donald E. Thornton

Akron Redevelopment Coalition, Project ARC Founder, President, CEO & Sr. Director of Marketing  & Design Learn More HERE

Margo Sommerville

Akron OH City Council President & Akron  Redevelopment Coalition (ARC) Project Advisory Board Chair Learn More HERE

William McCoy 
Akron Redevelopment Coalition (ARC) Project Strategic Planning Specialist & Economic Development Leader Learn More HERE

Treasure T. Owens

Founder, President  & CEO of PG Consulting, Business Banking Specialist and ARC  Financial Advisor Learn More HERE

Simon Sahouri President & Cofounder of the Jackson Family Foundation & Jackson Development and Marketing Corporation Learn More HERE

Charles F. McAfee 

Founder, Managing Principal & CEO of McAfee3 Architects & Associate of ARC Co- Founder, Don Thornton Learn More HERE

Gerald A. Gould Akron Redevelopment Coalition (ARC) Project Director of Community Outreach & Akron, OH Municipal Relations Learn More HERE

Tonia McDonald President & Co-Founder of Global Business Incubation,  GBI & (ARC) Project Incubation Advisor Learn More HERE

Edgar J. Barnett Jr. Founder & CEO TBG Consulting LLC & (ARC) Akron Redevelopment Coalition, Corporate Leadership Consultant Learn More HERE 

Dayna Lyn Bednay

Land Development, Project Management, Former City Planner & ARC Project Building & Contractor Consultant Learn More HERE 

Willie James President & Co-Founder Green Tech Ventures California, CDC & ARC Project Development Advisor  Learn More HERE  

O.C. Murphy  ...     Akron Redevelopment Coalition (ARC) Project Co-Founder & Founder & CEO, The American Scholarship Foundation Learn More HERE

What is a Business Incubator and What Does It Do?

From Wikipedia, the free encyclopedia

Business incubators are programs designed to support the successful development of entrepreneurial companies through an array of business support resources and services, developed and orchestrated by incubator management and offered both in the incubator and through its network of contacts. Incubators vary in the way they deliver their services, in their organizational structure, and in the types of clients they serve. Successful completion of a business incubation program increases the likelihood that a startup company will stay in business for the long term: older studies found 87% of incubator graduates stayed in business,[1] in contrast to 44% of all firms.[2] Incubators differ from research and technology parks in their dedication to startup and early-stage companies. Research and technology parks, on the other hand, tend to be large-scale projects that house everything from corporate, government or university labs to very small companies. Most research and technology parks do not offer business assistance services, which are the hallmark of a business incubation program. However, many research and technology parks house incubation programs.

Incubators also differ from the U.S. Small Business Administration's Small Business Development Centers (and similar business support programs) in that they serve only selected clients. SBDCs are required by law to offer general business assistance to any company that contacts them for help. In addition, SBDCs work with any small business at any stage of development, not only startup companies. Many business incubation programs partner with their local SBDC to create a "one-stop shop" for entrepreneurial support. In 2005 alone, North American incubation programs assisted more than 27,000 companies that provided employment for more than 100,000 workers and generated annual revenues of $17 billion.[3]