1. The Indiana Business Growth Network
National Economic Gardening Conference
Winter Park, FL
May 19, 2011
Scott Hutcheson
Purdue Center for Regional Development
2. • 75,000 students statewide
• Research I University
• Top-Ranked Programs in
Engineering, Business, &
Agriculture
• Four University Research
Parks
Catalyze Research-Based
Economic Development &
Entrepreneurship
3. • 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
5. Our Early Learning Lab:
North 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
6. Our 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
7. Our 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
8. Impact
• 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
9. Indiana 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.
10. IBGN (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
11. For More Information
Scott Hutcheson
Purdue Extension & Purdue Center for Regional Development
Burton D. Morgan Center for Entrepreneurship
1207 W. State Street, Room 227
765-494-7273 (office)
765-479-7704 (mobile)
hutcheson@purdue.edu