indiana business growth network
Post on 14-Sep-2014
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This is a presentation I am giving at the National Economic Gardening Conference in Winter Park, FL.TRANSCRIPT
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The Indiana Business Growth NetworkThe Indiana Business Growth NetworkNational Economic Gardening Conference
Winter Park, FL
May 19, 2011
Scott HutchesonPurdue Center for Regional Development
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Catalyze Research-Based Economic Development & Entrepreneurship
Catalyze Research-Based Economic Development & Entrepreneurship
• 75,000 students statewide• Research I University• Top-Ranked Programs in
Engineering, Business, & Agriculture
• Four University Research Parks
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• Founded in 2005• Organized within the Purdue Office of Engagement• Works in Areas Like:
– Innovation & Talent-Based Economic Development– Community-Support Systems for Entrepreneurship– Creative Use of GIS and Data Tools for Regional
Development
• Speaking, workshops, civic forums
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Our Model: Asset-Focused, Regionally-Organized, & Our Model: Asset-Focused, Regionally-Organized, & Network-Based Network-Based
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Our Early Learning Lab: Our Early Learning Lab: North Central IndianaNorth Central Indiana
• 14 counties, 15 cities, 5,577 square miles• Two population centers
– Lafayette/West Lafayette – 88,362– Kokomo – 46,074
• Most of the region is rural
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Our PartnersOur Partners
• Federal: DOL, EDA, SBA, NIST• Philanthropy: Kauffman, Edward Lowe, Purdue Research
Foundation, Community Foundations• State: Indiana Economic Development Corporation, Indiana
Small Business Development Center, Indiana Department of Workforce Development
• Higher Ed: Purdue, IU Kokomo, Ivy Tech Community College• Local & Regional: Extension, LEDOs, SBDCs, K-12,
Incubators/Tech Parks, Workforce Boards
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Our Project PortfolioOur Project Portfolio
• Entrepreneurship Peer Networks• Energizing Entrepreneurship• Companies to Watch• Eureka Winning Ways• Zoning for Home-Based Businesses• Business Plan Competitions• STEM Entrepreneurship Camp• K-12 Teacher Training• Skunkworks• Economic Gardening• Entrepreneurship Certificate Program• Technology Showcases• Angel Network Events
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ImpactImpact
• 227 K-12 teachers trained to teach entrepreneurship
• 1,536 students (future entrepreneurs) enrolled in entrepreneurship programs
• 1,851 existing and emerging adult entrepreneurs trained
• 654 new products, services, and top-line growth ideas created
• 102 business plans developed
• 10 new start-up business launched
• 353 jobs created or retained
• $3.5 million in industry cost savings realized
• $1.6 million in industry sales growth
• $4 million in industry sales retained
80% of these initiatives have been sustained beyond the initial investment
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Indiana Business Growth NetworkIndiana Business Growth Network
• The Indiana Business Growth Network (IBGN), managed by the Purdue Center for Regional Development, helps leaders of second-stage companies grow their businesses and assists civic leaders make their communities great places to start and grow businesses.
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IBGN (Present & Future) Support ServicesIBGN (Present & Future) Support Services
• Serve as liaison to the NSRT and ELF
• Convene local/regional shareholders to consider and plan for implementation
• Make presentations to LEDO boards, local industry groups, and other groups
• Provide listings of Second-Stage Companies
• Administer the billing and invoicing function
• Conduct 6-month, 12-month, and 18-month follow-up impact surveys
• Produce video testimonials of participating companies
• Accompany LEDOs on “sales calls” to potential participating companies.
• Provide customizable marketing materials
• Work with state and federal partners to help garner support of the IBGN program
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For More InformationFor More Information
Scott HutchesonPurdue Extension & Purdue Center for Regional Development
Burton D. Morgan Center for Entrepreneurship1207 W. State Street, Room 227
765-494-7273 (office)765-479-7704 (mobile)