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Dedicated to YOUR Growing Business Kentucky Small Business Development Center Grow Kentucky – Economic Gardening 2 nd Stage Company Services

Grow Kentucky - Economic Gardening

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Page 1: Grow Kentucky - Economic Gardening

Dedicated to YOUR Growing Business

Kentucky Small Business Development Center

Grow Kentucky – Economic Gardening 2nd Stage Company Services

Page 2: Grow Kentucky - Economic Gardening

What is Grow Kentucky?

Kentucky Small Business Development Center

An economic gardening program

Designed for “grow your own” companies

As opposed to recruiting outside companies

Focused on companies that want to grow

Page 3: Grow Kentucky - Economic Gardening

Where did it come from?

Kentucky Small Business Development Center

Economic Gardening-created in Littleton, CO 1987

25 year results

Jobs 15,000 – 30,000

Sales tax revenue $6 – 21 million

Population growth 23%

No recruitment of outside companies

Not the standard incentives

Page 4: Grow Kentucky - Economic Gardening

What Makes It Different?

Kentucky Small Business Development Center

The types of companies we target

Companies that want to grow

The types of issues we address

Strategic and Sales

The types of tools we use

Databases and tools usually employed by major

corporations

Page 5: Grow Kentucky - Economic Gardening

What Kind of Help Will I Get?

Kentucky Small Business Development Center

Market Reseach

Targeted Sales Leads

Web site and social media assessment

Search Engine Optimization

Customized maps –e.g. pins in a map, heat maps,

demographic maps, ect…for location selection,

distribution channels and marketing strategies

Help with Strategic decisions

Page 6: Grow Kentucky - Economic Gardening

So how does it work?

Kentucky Small Business Development Center

Initial interview with call leader (1-2 hours)

Phone call with full team to clarify information and develop research tasks

Information/messages posted on Bitrix 24 collaboration Website

Frequent check-in calls to ensure we are on track

Follow up explanations from specialists

Close out/Wrap up call

Page 7: Grow Kentucky - Economic Gardening

How long will it take?

Kentucky Small Business Development Center

About 40 hours of high quality assistance from

specialists

Focusing on one or two major issues

4 - 6 weeks for entire engagement

Page 8: Grow Kentucky - Economic Gardening

What kind of tools do we use?

Kentucky Small Business Development Center

Search Engine Optimization

Web marketing

Competitor strategies

Social Media strategies

Geographic Info Systems

Qualified sales leads

Heat maps

Database research

Market info

Competitor intelligence

Industry trends

Page 9: Grow Kentucky - Economic Gardening

How will we work together?

Kentucky Small Business Development Center

Gardening Team are Not consultants

Not deep in your industry

Do not make recommendations

Extension of your team

Strategic information to help you make decisions

Frameworks for trouble shooting problems

Work quickly

Continue to work with SBDC

Page 10: Grow Kentucky - Economic Gardening

Do I get qualified sales leads?

Kentucky Small Business Development Center

Qualified Sales Leads

Side by side analysis against of 3 or 4 top

competitors

SEO, Key Word, Web site and Social Media

marketing and sales assessments/recommendations

Maps of competitors, clients, prospects,

demographics, traffic counts and more

You will Get

Page 11: Grow Kentucky - Economic Gardening

Do I Qualify ?

Kentucky Small Business Development Center

Must have five or more employees

Annual Revenue of $500K and up

Must be profitable

Have a commitment to growth

Kentucky based company

Must be selling product or service outside of

your immediate local area

Page 12: Grow Kentucky - Economic Gardening

How do I apply?

Kentucky Small Business Development Center

Go to www.ksbdc.org click on Grow Kentucky link

or dial 1-859-257-6957.

Page 13: Grow Kentucky - Economic Gardening

Grow Kentucky Team

Kentucky Small Business Development Center

Page 14: Grow Kentucky - Economic Gardening

Grow Kentucky Team

Kentucky Small Business Development Center

Page 15: Grow Kentucky - Economic Gardening

Grow Kentucky Team

Kentucky Small Business Development Center

Page 16: Grow Kentucky - Economic Gardening

FAQs

Kentucky Small Business Development Center

Is there a cost? Yes, we charge a modest fee of

$1,500. There are a limited number of scholarships

available. Call for details.

What sort of outcomes have been achieved? On

average clients realize at least a 20% increase in

revenue IF they fully leverage the information &

recommendations provided.

Page 17: Grow Kentucky - Economic Gardening

Need More Information ?

Kentucky Small Business Development Center

Contact: Gordon Garrett, Associate State Director

859-257-6957

[email protected]

www.ksbdc.org