The State of Entrepreneurship


The State of Entrepreneurship

A monthly email highlighting notable events, programs, and announcements regarding entrepreneurship in Indiana.

January 28, 2014

Young Entrepreneurs Program

Google, Facebook, FedEx, and Apple were started by college students. Every year university’s across our state graduate 27,000 students. The Indiana Young Entrepreneurs Program was created to insure students across Indiana have exposure to connections and resources to help start and grow Indiana businesses. Young Entrepreneurship Program events take place through-out the year with an expo event taking place every Spring, showcasing businesses of young entrepreneur’s to community leaders interested in seeing these young people prosper in their communities.  This year’s expo will be on April 17, 2014 at DeveloperTown in Indianapolis.

This afternoon, we’re hosting a Young Entrepreneurs Virtual Workshop. Business leaders will hear from six business leaders on how to operate lean, generate leads, decide on a legal entity, manage cash flow, and find funds to launch and grow. Can’t make it? That’s ok. This virtual workshop will also be available on YouTube immediately following the broadcast. Want to know about future event. Join the Young Entrepreneurs Program email distribution list.

EDGE Awards

On January 14th, the state of Indiana and the Indiana Small Business Development Center (ISBDC) honored 20 businesses with its 5th Annual Economic Development and Growth through Entrepreneurship (EDGE) Award. It was our way of thanking these small businesses for their accomplishments and dedication to growing the Indiana economy. The businesses honored this year represented a wide range of industries, geography, and business maturity. Between them, they employed over 322 full-time Hoosiers and generated more than $12 in revenue last year. Learn more about these businesses, and pervious award winners, on the EDGE Awards website.

Procurement Technical Assistance Centers

Did you know the government buys 50% more goods and services then businesses? The federal government is the largest single customer in the world. They spend over $500 billion per year on goods and services. In 2012, the federal government awarded more than $1.9 billion in federal contracts to small businesses in the state of Indiana. PTAC Business Counselors help Indiana businesses register, search, and bid on government contracts at no-cost to the client. This service is one way Indiana helps grow the economy by identifying new revenue sources for our small businesses.

On January 13th, the Office of Small Business and Entrepreneurship named Jerry Hadley as the new State Director of the Indiana Procurement Technical Assistance Centers (PTAC). He brings a strong military background of 28 years that has provided him the opportunity to learn the ropes of working with federal, state, and local governments. His leadership and passion of serving others will serve our network well.  Learn more about PTAC and Jerry Hadley.

I look forward to sharing the State of Entrepreneurship next month and to continue to assist Indiana entrepreneurs start stronger, grow faster, and work smarter.

Jacob Schpok

Jacob Schpok

ISBDC State Director
OSBE Executive Director

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