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Advancing Hoosier Innovation & Entrepreneurship

Dear friends -

Indiana businesses have created more than 156,800 new jobs since January 2013, and it's clear that Hoosier entrepreneurs and small businesses are playing a key role in this growth:

  • Small businesses - those that employ 500 or less - make up 99.7% of U.S. employers. [tweet this]
     
  • Indiana is home to 143,060 small businesses that support more than 2 million jobs. [tweet this]
     
  • 72,508 startups have launched in Indiana since 2011. [tweet this]

Over the next 10 years, we will invest $1 billion to advance innovation and entrepreneurship in Indiana to support long-term economic growth, job creation and talent attraction. Governor Pence and Lt. Governor Holcomb set forth a clear vision to ensure that Indiana plays a leading role in solving 21st century challenges and to do so, we must expand opportunities for small businesses in Indiana. 

Through this initiative, we have aligned our economic development efforts at the state level and are excited to welcome the Indiana Small Business Development Center (ISBDC) and the Indiana Procurement Technical Assistance Center (PTAC) programs to the IEDC. Last year, these programs helped Hoosier firms secure more than $9 million in contracts and generate $112.4 million in capital to support their growing operations. 

As a one-stop-shop for economic development and job creation, we stand ready to support innovators, investors, partners, job creators and entrepreneurs at all stages of growth and development. Indiana's third century is ours to shape, and together we will ensure that the Hoosier state is the best place to start a business, grow a business and get a job. 


Victor Smith
Indiana Secretary of Commerce

Indiana Economic Development Corporation


IN THE NEWS

Inside Indiana Business IoT 'Show and Tell' Has Hoosier Flavor


Business Facilities Keeping Up With Advanced Manufacturing

South Bend Tribune We All Have a Hand in Building Our Future Workforce

IBJ Software-As-a-Service Firm Zylo Lands $3.3M in Funding


WBIW Contractor Workshop Series Sponsored by City, ISBDC, Ivy Tech

Inside Indiana Business Elanco Deal Shows Long-Term Commitment


MARK YOUR CALENDARS 

October 24
Beyond Customer Service
Goshen

October 25
Smart Cities: Indiana PTAC SBIR 101
Gary

October 27
Indiana Medical Device Manufacturers Council Conference
Indianapolis


November 16
Business & Cybersecurity
New Albany


Learn more about upcoming small business workshops in Indiana.

"Small businesses and entrepreneurs are the lifeblood of the Hoosier economy. We've created a climate in Indiana where entrepreneurs can pursue their dreams and where businesses can thrive. Indiana job creators have added more than 156,000 new jobs since 2013 and we have a record number of Hoosiers in the workforce due in large part to the creative spirit and innovation of our entrepreneurs."

Indiana Lt. Governor Eric Holcomb

A Blueprint for Building Momentum in Indiana
Expanding Resources for Small Businesses
 
Indiana's business climate ranks first in the Midwest, and the state offers the best regulatory environment in the U.S. for small businesses. Through the innovation and entrepreneurship initiative, we will support and expand opportunities for Hoosier small businesses by integrating resources and micro-lending initiatives, encouraging local community development and creating new programs to increase opportunities for all Hoosiers to start and grow a business. 
LAUNCHING AN IDEA
The Indiana Small Business Development Center (ISBDC) provides individualized guidance and resources to help entrepreneurs and small businesses create a positive and measurable economic impact in Indiana. That's why ISBDC was Brad Daugherty's first call when he set out to establish Hoola Technology in Muncie. ISBDC business advisers helped him develop a business plan and identify target customers for his IT service and consultation operation. Hoola Technology recently celebrated its first anniversary and Brad continues to work in-step with ISBDC when new challenges or questions arise. 
GROWING A BUSINESS
Indiana offers a number of tools to help entrepreneurs and small business owners support their growing operations. The ISBDC, for example, helps entrepreneurs secure financing and attract partners and investors, while PTAC helps innovators identify federal funding opportunities to advance new technologies like those being developed at Techshot in Greenville. 

Techshot utilizes a multidisciplinary approach to develop electronic, mechanical and software solutions - such as zero gravity 3D bioprinting - for defense, medicine and spaceflight. The Indiana-grown company now supports more than 40 Hoosier jobs and has secured hundreds of contracts to provide high-tech products and services to federal and commercial customers such as NASA, the Department of Defense, the Defense Health Agency, Eli Lilly and Company and Procter & Gamble. 
ENSURING LONG-TERM SUCCESS
In Indiana, Hoosier businesses have access to continuous learning opportunities and financial tools that provide insight into industry performance ratios, sales trends and reporting, helping job creators overcome roadblocks and ensure long-term success. When Angie Rogers-Howell established Farmhouse Creative in Muncie, she turned to the East Central ISBDC to help identify target customers for her business' branding and marketing services. As her firm grows, Angie continues to meet with ISBDC to track progress against her strategic plan, identify strategies to achieve her goals, and outline new action items to advance her business. 
CELEBRATING INDIANA'S ENTREPRENEURS
Today, more than 2 million Hoosiers are employed by small businesses and more than 72,500 startups have opened since 2011. This success deserves to be celebrated! Read about the 20 entrepreneurs recognized during this year's Entrepreneurship Week and watch this video to learn more about the 14 Hoosier firms named 2016 Indiana Companies to Watch [tweet this]. 
...if you’re a job creator, you’ll find your inboxes filled with more compelling resumes and an increased demand from qualified, skilled workers who are choosing to pursue careers in Indiana.

Join the conversation

Share your innovation story | Subscribe | Follow us @Indiana_EDC or #1Binnovate

Visit iedc.in.gov to learn more about A State that Works!

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