Accelerating Success
Accelerating Success
Growth-oriented companies go by various names and definitions. But whether they are startups or established firms, with steady or fast growth, each has expansion in its sights. This paper follows up on IEDC’s 2011 publication, “Unlocking Entrepreneurship,” to explore approaches that economic developers can use to boost the growth potential of job-generating companies. It defines the characteristics of growth-oriented companies and how to identify them, then profiles nine tools and strategies commonly in practice today for accelerating firm expansion. Broken out by different stages of company growth, the strategies aim to aid expansion primarily through access to expertise, funding, competitive intelligence or connections.
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