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EDA University Center Booklet

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This booklet describes the Purdue Center for Regional Development's EDA University Center Grant.

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EDA University Center Booklet

  1. 1. EDA University Center Enhancing Indiana’s Economic Ecosystems
  2. 2. The basics 01 Table of contents Opportunity 1: Develop data tools 02 Opportunity 2: Engage key target groups03 Opportunity 3: Produce informational resources04 Opportunity 4: Implement programs05 Opportunity 5: Strengthen regional networks06
  3. 3. What is an EDA UC? The PCRD UC the basics
  4. 4. 4 What is an Economic Development Administration (EDA) University Center (UC)? Universities contain and have access to numerous developmental, educational and technology-based resources. The EDA University Center program was created in order to direct these resources towards distressed regional communities. Each university deemed a “University Center” by the EDA must devote a large percentage of their funding towards assisting organizations within economically distressed regions. The basics EDA UCs provide economic development resources to regional economic ecosystems and innovation clusters. section 01
  5. 5. 5 The PCRD University Center The purpose of the Purdue Center for Regional Development (PCRD) EDA UC is to delineate, nurture and enhance Indiana’s regional economic ecosystems and regional innovation clusters. The basics section 01 The Purdue Center for Regional Development (PCRD) is the designated UC for the State of Indiana. In order to accomplish these tasks, PCRD focuses on mobilizing a broad range of assets, including higher education assets (specifically those of Purdue University). Applied research and development is required to map relevant regional assets, along with a variety of activities designed to align, link, leverage and mobilize the assets and clusters identified and mapped. The final outcomes of these efforts will help advance regional entrepreneurship and promote regional commercialization activities.
  6. 6. 6 PCRD University Center opportunities The basics This booklet will walk you through the five major opportunities invested in by PCRD. Within these five opportunities, PCRD has multiple active programs. section 01
  7. 7. developing data tools Opportunity 1 Regional Decision Maker
  8. 8. 8 Opportunity 1: Develop and expand cutting-edge online data tools Developing data tools section 02 PCRD is focused on an ongoing effort to refine and expand its data-driven tools. Regional Decision Maker (RDM) is PCRD’s primary online tool. RDM is designed to help Indiana identify and support regional innovation, entrepreneurship and commercialization opportunities. RDM provides a set of value-added data layers and customized tools for use in supporting regional planning.
  9. 9. 9 Regional Decision Maker (RDM) Developing data tools section 02 RDM is a powerful suite of mapping websites and tools that enables users to make informed decisions quickly and efficiently. RDM facilitates and enables regional decision-making in a number of ways. Most importantly, it allows decision-makers to interact with data through customizable, user-friendly tools and geographic visualization. This high level of interactivity enables decision-makers to generate powerful insights more quickly. RDM Users Include:  Local and regional decision- makers  Government officials  Business leaders  Leadership of key non- governmental organizations  Purdue's statewide professional staff RDM is able to provide users with easy access to a fully interactive geospatial database that supports regional collaboration, high-growth businesses and innovation-based entrepreneurs.
  10. 10. Opportunity 2 IARC staff training IARC technical support engaging key target groups
  11. 11. 11 Opportunity 2: Engage key target groups in using and refining RDM tools Engaging key target groups RDM is a powerful tool for mapping regional assets and opportunities. Therefore, ensuring that RDM is seen as practical and user-friendly by regional and state leaders is an important task. PCRD works to enhance the skills of individuals and groups that want to utilize RDM by:  Developing and launching a website  Offering webinars and face-to-face training  Providing technical support section 03 Mapping website on the RDM platform
  12. 12. 12 IARC staff training Engaging key target groups As Indiana's UC, PCRD has an important responsibility to provide technical assistance to the state's regional planning councils (RPCs) and their association, the Indiana Association of Regional Councils (IARC). Using RDM, PCRD has the capacity to provide training to the staff of each RPC. With increased analytical skills, access to data tools and geographic visualization, RPCs will provide a higher level of decision-making services to their local regional partners. Regional planning council staff have better analytical skills and are able to use this capacity to provide RDM services to local regional partners. Additionally, PCRD provides ongoing guidance and training to ensure that each RPC is fully leveraging the analytic power of RDM through webinars and on-site IARC-sponsored workshops and conferences. section 03
  13. 13. 13 Indiana Association of Regional Councils (IARC) regions IARC technical support Engaging key target groups section 03 PCRD provides technical assistance and support to IARC and its members. This technical support includes:  Attending monthly IARC board meetings  Providing staff support for IARC's annual strategic planning efforts  Assisting individual RPC members in the preparation of their Comprehensive Economic Development Strategies (CEDS)  Supporting IARC with special programs  Offering IARC the opportunity to co-host our webinar series designed to promote successful regional innovations
  14. 14. Opportunity 3 Regional profiles Leading Edge Practices (LEEP) in regional development producing informational resources
  15. 15. 15 Opportunity 3: Produce regional economic profiles and other informational resources Producing informational resources PCRD produces user-friendly products that profile the economic strengths, challenges and initiatives of regions in Indiana (and beyond). section 04  Small Business Development Centers (SBDCs)  Local economic development organizations (LEDOs)  Chambers of Commerce  Extension Educators  Foundations  Community colleges and technical schools  State and regional workforce investment boards  State legislative leaders and staffers Target audiences for these resources include:  State agencies having a focus on community and/or economic development  Regional Planning Councils (RPCs)
  16. 16. 16 Regional profiles and regional information briefs Producing informational resources PCRD, in partnership with the Purdue Department of Agricultural Economics, developed a series of Information Briefs that provide regional planning organizations and others with timely information on a variety of topics such as demographic, socioeconomic, education, economic and workforce development. section 04 PCRD produces a series of user-friendly economic profiles that offer regions a succinct, clearly written and visually attractive document to guide their regional economic development plans and activities. Information briefsRegional profiles
  17. 17. 17 Leading Edge Practices (LEEP) in regional development Producing informational resources LEEP is a navigational tool designed to assist regions in learning from one another, leading to new strategies for accelerating innovation. LEEP includes a searchable database of over 1,400 regional economic initiatives from across the country. The initial layer of this tool provides basic information such as name of the organization, a brief description of the organization, the counties they serve, as well as contact information. section 04 LEEP aids in the establishment of a vibrant, growing learning community around the study and practice of successful regional innovation clusters.
  18. 18. Opportunity 4 Economic Gardening Entrepreneurship Academy CTW recognition program SET program TAP program IARC conferences implementing programs
  19. 19. 19 Opportunity 4: Implement programs that build on regional opportunities Implementing programs The fourth component of the PCRD UC program is focused on creating and introducing innovative programs that complement and add value to a region’s industry and occupation clusters. These programs include entrepreneurship advancement, second-stage company assistance, regional economic development plan implementation and green manufacturing guidance. section 05
  20. 20. 20 Economic Gardening Implementing programs Just as a gardener carefully tends her plants, Economic Gardening represents an approach to economic development to grow our own companies. Economic Gardening accelerates the growth of smaller Indiana companies by linking them more closely with the assets of Purdue University. Economic Gardening does not concentrate on start-up companies in their first stage of growth. Rather, Economic Gardening focuses on second stage, growth-oriented companies with between 10 and 100 employees. section 05
  21. 21. 21 Entrepreneurship Academy Implementing programs Entrepreneurship Academy is targeted to school-aged youth in Indiana. It introduces them to the skills they need to become an entrepreneur. PCRD works with the Burton Morgan Center for Entrepreneurship, Extension Educators and other key partners to help plan, market, support and implement this program. section 05 The Entrepreneurship Academy is a week-long program held on the Purdue University campus or satellite locations. Students are guided by local business leaders and Purdue University experts. As part of the Academy, students test the viability of a business idea, identify capital needs and devise a management plan. The program culminates with a business plan competition during which teams present their capital needs and management plans to a panel of judges.
  22. 22. 22 CTW recognition program Implementing programs section 05 PCRD supports and assists with Indiana’s Companies to Watch (CTW) award and recognition program. In 2007 (as part of our UC work), Purdue took the lead in bringing the CTW program to Indiana. To date, nearly 200 second-stage companies have been recognized as CTW awardees. The power of these growth-oriented second stage companies is immense. Unfortunately, the pivotal role of second stage companies in job and wealth creation is not widely understood or appreciated. CTW is one important way of addressing the lack of awareness of these vital companies and the importance of strong regional entrepreneurial ecosystems to support their growth.
  23. 23. 23 Stronger Economies Together (SET) Implementing programs The SET program enables communities and counties in rural America to work together to develop and implement an economic development plan. Finding ways to create, attract and retain jobs in many American counties (especially those with smaller populations) is a challenging process. Economic development improvements are more likely to be realized when counties work together as a multi- county region. Collaborating as a region allows counties to design and implement plans that build on their collective assets and comparative economic strengths. section 05 SET is used to strategically build on the current and emerging economic strengths of rural regions.
  24. 24. 24 Technical Assistance Program (TAP) Implementing programs Purdue's Technical Assistance Program (TAP) works with Indiana companies to improve performance through the utilization of Purdue faculty, students and staff in nine statewide offices. TAP works with PCRD to offer training and workshops related to:  Continuous improvement  Quality improvement and leadership  Energy efficiency and sustainability  Green manufacturing This training allows business owners, leaders and company personnel to learn the latest tools and techniques necessary to improve efficiency, reduce costs and improve inventory control. section 05 TAP locations
  25. 25. 25 IARC regional conferences Implementing programs section 05 PCRD gives the Indiana Association of Regional Councils (IARC) an opportunity to promote regional development through regular regional conferences. As federal and state governments focus increasingly on regional development, communities and counties are being encouraged to work together. These IARC regional conferences foster collaboration and expand training opportunities for a variety of PCRD’s programs. In addition, IARC works with PCRD to create and implement strategic activities as a follow-up to each regional conference. By uniting and building upon each regional gathering, the impact of each conference is maximized.
  26. 26. Opportunity 5 Strategic Doing Indiana Business Growth Network (IBGN) Indiana Prototyping Collaborative Network (IPCN) Certified Technology Park (CTP) network strengthening regional networks
  27. 27. 27 Opportunity 5: Strengthen regional collaboration and innovation networks Strengthening regional networks section 06 PCRD supports and partners with several collaboration and innovation networks in Indiana. These networks are facilitated by Strategic Doing, a program that quickly develops sophisticated collaborations to help advance open innovation across organizational and political boundaries. Strategic Doing ignites the spark of regional innovation and enables people in loosely connected networks to think and act strategically together.
  28. 28. 28 Strategic Doing Strengthening regional networks Strategic Doing is the backbone of PCRD’s work to advance regional networks and accelerate innovation and collaboration. Strategic Doing enables people to form action- oriented collaborations quickly, guide them toward measurable outcomes and make adjustments along the way. Using Strategic Doing, regional networks are successfully deployed throughout Indiana with an agile strategic discipline that enables civic leaders to generate innovations in their region. section 06 These innovations link, leverage and align state and federal resources for innovations in workforce and economic development. Learn more about Strategic Doing here.
  29. 29. 29 Indiana Business Growth Network (IBGN) Strengthening regional networks section 06 The Indiana Business Growth Network was created to develop regional networks around second-stage firms in Indiana. A business typically enters its second stage when it approaches $1 million in revenue. The IBGN reaches out to these second-stage and late first-stage companies to strengthen and grow their business operations through expanded investment in regional entrepreneurship and innovation.
  30. 30. 30 Indiana Prototyping Collaborative Network (IPCN) Strengthening regional networks section 06 The Indiana Prototyping Collaborative Network (IPCN) was created to support the owners and key personnel in growth- oriented start-up firms. The network has two major priorities:  Assisting first and second stage companies in Indiana gain access to prototyping facilities at Universities  Helping prototype and commercialize university-based intellectual property The IPCN increases the flow of university technologies into commercialization, lessening the burden on Indiana entrepreneurs.
  31. 31. 31 Certified Technology Park (CTP) network Strengthening regional networks section 06 There are 19 Certified Technology Parks (CTPs) in Indiana. PCRD created the CTP network in order to "align, link, and leverage" the CTPs’ efforts with regional and state organizations. These organizations include:  The Indiana SBDCs  The regional planning council members of IARC  The Indiana USDA Rural Development offices This CTP network supports the attraction and growth of high- technology businesses in Indiana and promotes technology transfer opportunities. CTP locations
  32. 32. For more information, please contact Peggy Hosea at phosea@purdue.edu 888-750-7277 765-236-0955 The Purdue Center for Regional Development (PCRD) seeks to pioneer new ideas and strategies that contribute to regional collaboration, innovation and prosperity.

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