The University of Central Florida business incubator at Daytona Beach International Airport has created a total of 60 jobs so far with expectations to continue growing, confirms the Daytona Beach News-Journal.
The county funded incubator is operated by the University of Central Florida to help startup businesses become generators of jobs to boost the economy in Volusia County.
In its first two years of development, the incubator has “graduated” two companies successfully, and has enlisted 11 companies in the incubation program. From a marketing firm to a food products company and a manufacturer of high-end fitness equipment, the incubation program pushes these diverse companies to their fullest potential, aiding them in the uneasy realm of entrepreneurship.
￼￼￼Currently, the incubator has helped create a total of 60 jobs with an average annual wage of $58,000, already proving its worth to the community.
A recent economic impact study of the eight incubator program commissioned by the Florida High Tech Corridor Council found that they have directly created 1,856 jobs and indirectly created another 1,500.