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Kentucky Small Business Development Center
Grow Kentucky – Economic Gardening
2nd Stage Company Services
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
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
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
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
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
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
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
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
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
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
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.
Grow Kentucky Team
Kentucky Small Business Development Center
Grow Kentucky Team
Kentucky Small Business Development Center
Grow Kentucky Team
Kentucky Small Business Development Center
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.
Need More Information ?
Kentucky Small Business Development Center
Contact: Gordon Garrett, Associate State Director
859-257-6957
gmgarr2@email.uky.edu
www.ksbdc.org

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Grow Kentucky - Economic Gardening

  • 1. Dedicated to YOUR Growing Business Kentucky Small Business Development Center Grow Kentucky – Economic Gardening 2nd Stage Company Services
  • 2. 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
  • 3. 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
  • 4. 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
  • 5. 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
  • 6. 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
  • 7. 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
  • 8. 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
  • 9. 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
  • 10. 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
  • 11. 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
  • 12. 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.
  • 13. Grow Kentucky Team Kentucky Small Business Development Center
  • 14. Grow Kentucky Team Kentucky Small Business Development Center
  • 15. Grow Kentucky Team Kentucky Small Business Development Center
  • 16. 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.
  • 17. Need More Information ? Kentucky Small Business Development Center Contact: Gordon Garrett, Associate State Director 859-257-6957 gmgarr2@email.uky.edu www.ksbdc.org