Business incubators and accelerators reduce the risk of small business failure. Presently, there are over 1,200 business incubators throughout the United States with all indications showing continued strong growth. Business Incubators and accelerators are increasing becoming the preferred economic development tool. In 2001 alone, North American Incubators assisted more than 35,000 start-up companies that provided full-time employment for nearly 82,000 workers and generated annual earnings of more than $7 billion.