Dearborn County stage-two companies encouraged to apply and receive expert insights to grow business.

PCRD

Dearborn County businesses have the opportunity to receive free, strategic research and frameworks to help them scale up, add jobs and wealth to the community. But they must act fast!

The Purdue Center for Regional Development (PCRD) has received funding from the federal Economic Development Administration (EDA) to assist stage-two companies (those with 10-99 employees) negatively impacted by the COVID-19 pandemic.

Why the focus on second-stage companies? Nearly 38% of all new jobs were generated by second-stage businesses in Indiana in 2019, higher than larger-sized enterprises in the state.

A team of PCRD Economic Gardening specialists with expertise in geospatial analysis, market research, and digital marketing will work with CEOs from eligible companies in identifying the key issues that may be hindering their growth. The specialists employ sophisticated corporate tools to identify new markets, provide competitive intelligence and industry trends, assess digital marketing efforts, and find qualified sales leads to deliver insights and information that CEOs can implement immediately.

Companies who have participated in Purdue University’s Economic Gardening program report these average gains one year after completing the engagement:

  • 39% increase in full-time jobs created
  • 20% increase in annual gross revenue

Companies apply for, and participate, in Purdue University’s Economic Gardening program at no cost if they meet the criteria. PCRD will accept applications through September 30, 2021, or until the four remaining EDA-funded slots are filled, whichever comes first. The earlier companies apply, the better their chance of receiving funding.

For additional information, contact PCRD Engagement Specialist Emily Del Real at edelreal@purdue.edu or (765) 496-3431.