The Purdue Research Foundation has been awarded a 2009 IEDC Excellence in Economic Development Award in the category of Regionalism and Cross-border Collaboration by the International Economic Development Council (IEDC).

The Purdue Research Foundation oversees the Purdue Research Park, which is the largest university-affiliated business incubator in the country. In addition to the Purdue Research Park of West Lafayette, the foundation has established technology parks in other locations around Indiana including Indianapolis, Merrillville and New Albany.

“The IEDC is one of the pre-eminent international organizations in economic development, and we are greatly honored to receive this award,” said Joseph B. Hornett, Purdue Research Foundation senior vice president, treasurer and COO. “This honor recognizes the quality of work done by the Purdue Research Foundation in supporting new and expanding companies, advancing the mission of Purdue University, and stimulating the Indiana economy.”

The International Economic Development Council is the largest professional association of economic development practitioners in the world, with members in the United States, Europe, Australia, Canada and New Zealand.

The Purdue Research Foundation received IEDC awards in three categories in 2008: Entrepreneurship, Partnerships with Educational Institutions, and Technology-Based Economic Development.