WHY YOUNGSTOWN HAS THE BEST INCUBATOR IN THE WORLD

WHY YOUNGSTOWN HAS THE BEST INCUBATOR IN THE WORLD

By: James F. Sweeney

June 11, 2015

id8nation

The giant banner hangs on the side of the brick building, partially obscuring the faded white lettering left over from when the structure housed a furniture store, back when the city imagined a different kind of future. The banner reads “Ranked #1 Best Incubator in the World – Youngstown Business Incubator.”

The three-stories-high brag can be forgiven — Youngstown has been singled out for a lot of things in the past few decades, almost all of them negative, so the rare piece of good news deserves some real estate.

But how does a nonprofit tech incubator in Youngstown, the very epicenter of the Rust Belt, a city best known for urban decay, organized crime and an unprecedented collapse in jobs and population, come to be ranked No. 1 in the world, ahead of all the other better-known and better-financed counterparts?

Youngstown Business Incubator (YBI) has never housed a billion-dollar company or spawned a startup that’s become a household name, the way Y Combinator did for Airbnb, Dropbox and Reddit. It doesn’t have famous mentors, multiple locations or millions to invest.

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2017-01-31T04:20:18+00:00 June 11th, 2015|Press|