UCF, Volusia County, to Launch Business Incubation Program at Daytona Beach International Airport Complex

ORLANDO - Volusia County plans to partner with the University of Central Florida to launch a University of Central Florida Business Incubation site before the end of this year at the Daytona Beach International Airport complex in Daytona Beach.

Dr. Tom O’Neal, founder and executive director of the UCF Business Incubation Program, said UCF and Volusia County have entered into an agreement to jointly develop the facility that the UCF Business Incubation Program will manage.

Business incubation programs help promising startup enterprises accelerate their growth, while creating employment, local tax revenues and substantial economic impact, Dr. O’Neal explained.

Since 1999, the UCF Business Incubation Program has helped more than 140 emerging companies create more than $800 million in annual revenues and more than 1,600 new jobs with an average salary of $59,000.

Currently, the UCF Business Incubation Program manages eight Business Incubation facilities in Orlando, St. Cloud, Kissimmee, Leesburg, Sanford and Winter Springs.
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For more information about this release contact: Dr. Tom O’Neal, Executive Director, UCF Business Incubation Program, 407 882-1120, oneal@mail.ucf.edu
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About the UCF Business Incubation Program: Since its founding in 1999, the UCF Business Incubation Program has helped more than 140 emerging companies (including 90 current clients) create over $800 million in annual revenue and more than 1,600 new jobs with an average salary of $59,000. With eight facilities across the Greater Orlando community, the Incubation Program is a collaboration in economic development between the University of Central Florida, Orange County, the City of Orlando, Seminole County, the City of Winter Springs, The City of Sanford, Lake County, the City of Leesburg, Osceola County, City of Kissimmee, City of St. Cloud and the Florida High Tech Corridor Council. For more information, please visit www.incubator.ucf.edu.