ABSTRACT
Introduction It has been noted that communities often find it easier to focus on programs of business attraction and retention as a means of economic growth or development, sometimes to the exclusion of any focus, or at least a sufficient focus, on the creation of new businesses. e creation of new businesses can be promoted and facilitated by the community in a number of ways, some of which are discussed in some detail in Chapter 13; however, one of the most productive sources of such new business formations are the colleges and universities that can be found in any city or region of size. is cause has been advanced by the Bayh-Dole Act, which both enables colleges and universities to make a profit on their federally funded research and encourages them to collaborate on the resultant commercialization with local industry, especially local small businesses, as a means of generating new companies, new jobs, new revenues, and new discoveries.
