The underwriting syndicate of a bond offering is a group of investment banks, merchant banks, and the merchant banking arms of c
ommercial banks that specialize in some phase of a public issuance. a group of investment banks, merchant banks, and the merchant banking arms of commercial banks that agree to buy the bond from the issuer and then resell it. a group of investment fund managers, brokers, and dealers who specialize in the secondary bond market. none of the options
A syndicate is usually not one but a group. An underwriter syndicate is a group of investment banks(can also be commercial banks for the purpose of loan) and broker-dealers agree to sell new offerings of equity or debt securities to investors. There is usually a particular bank that leads and it is called the lead underwriter.
In north american context the incubators refers to small places for business provided on low rent.
Basically in the given context, the space for new shops for businesses is given by state and city government, this clearly states that because of involvement of government the prices of such place would be really low as compare to private rental spaces.
This provides that because of this facility incubators will grow.
