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In 2002, 64 percent of the owners of respondent firms had at least some college education at the time they started or acquired ownership in their business; 23 percent had a bachelor's degree; and 17 percent had a graduate degree. A bachelor's degree was the highest college degree completed by over 20 percent of all owners of both employer firms and nonemployer firms.

Among business owners with a graduate degree, nearly 56 percent of the majority interest owners of employer firms held a Master's, Doctorate or Professional Degree, compared to 72 percent of the majority interest owners of nonemployer firms.

Just under 1-in-4 of all owners of employer firms had a high school education or less, compared to 28 percent of the owners of nonemployer firms.



Construction Grants Program Impact Assessment Report (Business Incubator Impact)

In April 2007, the Economic Development Administration (EDA) of the U.S. Department of Commerce contracted with Grant Thornton LLP to conduct an assessmentof the impacts of its construction project grants. Over the next 15 months, a team consisting of Grant Thornton LLP of Alexandria, Virginia and ASR Analytics LLC of Potomac, Maryland developed an econometric approach and tool for estimating impacts of these grants. This report details the Grant Thornton team’s approach, methodology and results. It also provides some guidance for enterprise implementation of the tool, as well as recommended next steps for EDA.
This section provides an introduction to our report.

Springfield Business Incubator, Andrew M. Scibelli Enterprise Center (SEC) - Financial Facts

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