What began as a home based business is now a successful, job-creating electrical contracting company. In 2002, Chris Farris, set up shop in his garage at home but he’s not home anymore. Today, Farris Electric, LLC is located in an Rural Enterprises I-managed business incubator in Durant.
Business incubators reduce overhead, beginning with a modest rent schedule that is gradually increased over time. Incubators also offer tax incentives, high-speed internet, marketing through REI’s web site and publications, access to REI’s full line of economic development services and consistent technical assistance as the business continues to grow and expand. This assistance reduces the risk of failure and helps develop businesses into wealth-generating and job-creating entities.