March 4, 2011 Presentation to the Indiana Economic Development Association

1. The Indiana Business Growth Network IEDA Annual Meeting, Indianapolis March 5, 2011 Scott Hutcheson Purdue Extension Purdue Center for Regional Development

2. Successful Communities Build Networks to Support Business Growth Focus BOTH on new enterprises (entrepreneurship) and helping existing businesses grow. Source: Ed Morrison, Distributed under a Creative Commons 3.0 license.

6. Growth & Innovation Can Happen Anywhere Helena, Montana Pink Gloves Boxing

7. A Tale of Two Growth Companies

13. A Big Difference Between Starbucks and Papa John’s

14. A Big Difference Between Starbucks and Papa John’s

16. Understanding Business Growth Stage 4 (500+ Employees) Stage 3 (100-499 Employees) Stage 2 (10-99 Employees) Stage 1 (1-9 Employees)

18. Second-Stage Firms in Indiana YourEconomy.org – Edward Lowe Foundation Establishments Jobs MSA 2006 2008 2006 2008 Self-Employed 34.5% 36.1% 5.7% 6.4% Stage 1 (1-9) 55.4% 55.7% 28.9% 30.6% Stage 2 (10-99) 9.5% 7.7% 36.9% 35.9% Stage 3 (100-499) 0.5% 0.4% 15.4% 14.8% Stage 4 (500+) 0.07% 0.05% 13.1% 12.3%