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Small businesses with under 50 employees account for over 80% of job creation in the USA. Studies show that small businesses fail up to 80% of the time in the first three years of operation. On the other hand, well over 85% of small businesses that start in a "Business Incubator" are still operating successfully at the end of the same three year timeframe.
With these factors in mind, the City of Parsons with the assistance of a grant from the U.S. Delta Regional Authority started the Center for Business Enterprise as the home to a small business incubator for the city. Patterned after similar such projects in larger cities and urban areas across the country, this incubator will provide assistance in the form of start-up reduced rent schedules, training assistance, business support , assistance in setting up their books, governmental reporting, mentoring from business leaders, and assistance with start-up financing.
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