F.U.T.U.R.E. Foundation is proposing the use of an Organic Market Farm Business Incubation Program (OMFBIP) as a means to address economic development, employment and food insecurity in the South Suburbs. Business incubation is a process that accelerates the successful development of Startup s by providing entrepreneurs with an array of targeted resources, products and services.
According to the "2015 Cook County Food Access Plan” there are over 760,000 residents in Cook County who are food insecure, meaning they lack access, at times, to enough food for an active, healthy lifestyle. More than 30% of the food insecurity is found in the suburbs. The cost of food insecurity in terms of healthcare cost, poor educational outcomes, and lost productivity requires a coordinated, collaborative, local and county-wide response."
As local, and regional government examine ways to successfully grow the local economy, a variety of business incubation models are prominent in the discussions. For more than 50 years, business incubators have been helping entrepreneurs to turn their ideas into viable businesses, supporting innovation and providing startups with ease-of-market-entry, business assistance and access to capital and human resources. And because these programs provide targeted business assistance to young firms at their earliest stages of development – when they’re most vulnerable – business incubators help support new ventures that have a greater-than-average chance of success.
F.U.T.U.R.E. Foundation Inc., is a 501©3 not-for-profit organization established in 1987 to promote, encourage, and foster products and services designed to improve the quality of life.