SIDNEY — Earlier this year, the Sidney-Shelby Economic Partnership (SSEP) conducted a business incubator survey to explore ways to foster entrepreneurship and innovation in Shelby County. This study was produced to analyze the feasibility of future incubators and determine the potential uses and needs of the community. Local small business entrepreneurs and community members were surveyed to determine overall interest in incubators in Sydney, Ohio.
The survey was developed and distributed in partnership with SSEP, which has strong links with local businesses and entrepreneurs. A total of 10 questions were used to determine the demographics of respondents and their opinions on new incubator ideas, as well as the business areas where local entrepreneurs are most seeking help. Overall, more than 60 of her respondents took the survey. and provided feedback. The bullet points below help summarize the responses received from the community.
• 87.5% of all respondents already own a business or want to start one.
• 72.7% of respondents live and work in Sydney or Shelby counties.
• 38.5% of respondents said the type of new business they would start would be a service or specialty business, and 18.4% said they were not interested in starting a business.
• 48.8% of all respondents said they need financial assistance. 44.2% said they needed help with business planning, and 30.2% of respondents said they needed help with accounting and legal services.
• 30.2% of all respondents said their company needs access to capital.
• 66.7% of all respondents said their current business does not require access to coworking spaces or business equipment.
• 59% of all respondents said they would be willing to pay for the services provided by business incubators.
• 53.2% of all respondents would be interested in placing their business inside an incubator in downtown Sydney.