Building on the success of its original economic gardening program, the Washington Department of Commerce has developed a new program to help second-stage companies with up to $25 million in annual revenues expand.
Based on the Edward Lowe Foundation’s System for Integrated Growth (SiG) framework, the new Thrive! program connects CEOs to subject matter experts who provide them with data, analytics, best practices, and strategies that are typically only available to larger corporations. This information can be used to overcome roadblocks related to human resources, finances, operations, marketing, sales, international trade, and other business issues.
“Since its introduction three years ago, Commerce’s second-stage program has helped 39 businesses across the state find innovative ways to increase growth and revenue,” stated Lisa Brown, Commerce director. “Where the original program focused solely on external issues, Thrive! examines internal and external roadblocks to growth, since one can often affect the other.”
The ideal candidate is a company that’s been in operation in Washington for at least two years, has between six and 99 employees, achieved $1 to $25 million in annual revenue and has demonstrated an appetite and aptitude to handle additional growth.
For more information, visit this website.
Thumbnail photo by Austin Distel on Unsplash