Pitt Business e-newsletter Issue 14, March 2009
IEE bucks economic trend, reports one of its best years yet
While corporations look for handouts and major firms around the globe teeter on the edge of collapse, entrepreneurial firms in Western Pennsylvania are proving that businesses can thrive in a difficult economy with the help of innovative strategies, flexible strategic plans, and organizations like the University of Pittsburgh Institute for Entrepreneurial Excellence (IEE). In 2008, the Institute helped the region's entrepreneurial business community raise more than $44 million in loans and investments. These tremendous investments impact not only the businesses but also the region, as the business sector creates jobs, develops innovative technologies, and improves the world today and for many decades into the future. The 2008 results tell the story of dedication and impact.
- Number of clients served: 921
- Consulting hours provided: 11,360
- Start-ups and acquisitions: 56
- Capital formation: $44.2 Million
- Education programs held: 100
- Program attendees: 2,524
The IEE is dedicated to leading economic growth and revitalization in the Pittsburgh region, one business or entrepreneur at a time. For every dollar invested in the IEE, it raises approximately $49.11 in loans and investments for Western Pennsylvania businesses. The IEE's efforts reach thousands of businesses that provide more than 50,000 jobs and $9.5 billion in annual revenue.
To learn more about how the IEE strategically meets the needs of an entrepreneur at every stage of the business life cycle, visit www.pittentrepreneur.com.
