Resource published Fri, Nov 30, 2012 at 10:22PM UTC edited Fri, Nov 30, 2012 at 10:31PM UTC
Small Business Incubation and Its Prospects in Indian Country Edit Title
There are numerous strategies and programs to support small business development and improve their prospects for long-term success. Native American entrepreneurs face even greater challenges than the average business owner, including few previous mentors to draw upon, lack of access to capital, lower education levels, and focus on commercial efforts in Indian Country by tribes themselves.To achieve wealth creation, economic development strategies on reservations must include tribal member owned small business. Business Incubators, as physical spaces, have generated some positive results for small businesses’ success and industry best practices now exist. A physical location can be a valuable contributor to incubation, provided the right foundational elements, sufficient funding, and potential tenants are available.
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