More than Startups: Redefining the Entrepreneurial Roadmap in Elkhart County
This story is part of an initiative led by the CEOs of Indiana Corporate Partnership (CICP) to highlight entrepreneurship and innovation across Indiana’s universities. Learn more about the initiative here. In the world of economic development, we often treat "startup growth" as the ultimate pulse check for a community’s ecosystem health. It can be tempting to look solely for the next "lone ranger" entrepreneur or the flash of a high-tech unicorn. But what if a region is thriving—boasting high per capita income and declining poverty—while its startup rates remain below average? This is the "Elkhart Paradox" that Dr. Stephanie Fernhaber and her colleagues, Dr. Hessam Sarooghi and Dr. Marleen McCormick Pritchard at Butler University’s Lacy School of Business, set out to explore. In a recent conversation for our INfluence series, Dr. Fernhaber shared how their research challenges the traditional "startup-or-bust" narrative and offers a more nuanced framework for how [...]
