Abstract
This study aims at reflecting the impact of business incubator facilities on the creation of an entrepreneurial ecosystem with a focus on the major business incubator in Jordan—King Hussein Business Park—as it expanded new land within a critical large expansion plan through five phases with a full occupancy rate. This example shows more details on how to further develop planned entrepreneurial activities to attract new clients to occupy expanded spaces by focusing on creating a supportive ecosystem for entrepreneurship. This study was conducted on the top and middle management of the companies in the business hub KHBP, the sample consisted of (300) directors. In this context, infrastructure, governmental tax benefits, and services provided are hypothesized to have an effect on the entrepreneurial ecosystem in addition to that the outcomes of this study disclose a favorable influence for the facilities on creation supportive entrepreneurial climate. Infrastructure, Governmental law benefits, and services are found to be significant in the creation of a charming business climate for entrepreneurs. The study’s findings demonstrate that countries with scant exchequers face a lot of troubles in creating an attractive and supportive ecosystem for entrepreneurial activities, and they have to get better their business environment for entrepreneurship development. Governmental policies and reforms also play a vital role in making the projects and businesses much simply.
Highlights
Competition in how to create an attractive entrepreneurial environment in order to obtain economic evolution has been growing at domestic and international spheres, especially for developing nations
This study aims at reflecting the impact of business incubator facilities on the creation of an entrepreneurial ecosystem with a focus on the major business incubator in Jordan—King Hussein Business Park—as it expanded new land within a critical large expansion plan through five phases with a full occupancy rate
This study pointed out that most of the respondents are well-educated which shows that adequate awareness plays a great part in an entrepreneurial ecosystem creation that helps to promote entrepreneurial activities (Chowdhury, 2007)
Summary
Competition in how to create an attractive entrepreneurial environment in order to obtain economic evolution has been growing at domestic and international spheres, especially for developing nations. Increasing interest in the topic of entrepreneurship and SME development in recent years has contributed to the process of economic development and the development of the competitive environment of local and international organizations due to supporting the national economy. The vital part which was made by the entrepreneurs of developed countries in creating an attractive and supportive climate which led to attain the economic evolution has driven the people of developing countries to care about the value of entrepreneurial activities and has encouraged them to be a crucial part of the entrepreneurial society There are other factors leading to attain the required entrepreneurial objectives and to have a sustainable competitive advantage (Morozova, Popkova, & Litvinova, 2019)
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