Flagship Banner Growing Statewide

Posted: Updated:
The Flagship Enterprise Center became a certified technology park in 2003. The Flagship Enterprise Center became a certified technology park in 2003.

An Anderson-based microloan program is growing its footprint throughout the state. The Flagship Enterprise Center says its lending territory now covers 29 counties with the addition of Monroe, Tippecanoe, Montgomery, Clinton and Brown. Business Development Manager Dirk Webb calls it a "strategic opportunity" that opens the program up to potential student and faculty partners at Indiana University and Purdue University. The center is one of the U.S. Small Business Administration's most prolific microlenders.

Webb tells Inside INdiana Business the program can help boost a key pool of potential entrepreneurs. "We felt like a lot of those higher-ed programs are the launching pads for some of the great ideas that are flowing out from central Indiana into the nation at large." He adds "For us, it gives us an opportunity to help fuel growth not just in Anderson and Madison County, but the entire central Indiana area."

Last year, the center reports it closed on 83 microloans, which totaled nearly $1.7 million. The center credits itself with more than 80 percent of all SBA microloans in the state during the 2015 fiscal year.

Microlending through Flagship is now available for entrepreneurs in Bartholomew, Blackford, Boone, Brown, Clinton, Decatur, Delaware, Fayette, Franklin, Grant, Hamilton, Hancock, Hendricks, Henry, Howard, Jay, Johnson, Madison, Marion, Monroe, Montgomery, Morgan, Randolph, Rush, Shelby, Tippecanoe, Tipton, Union and Wayne counties.

Flagship's microloan program was established in 2010 and has since issued 295 loans, totaling almost $8 million. You can find out more about the program by clicking here.

Flagship Enterprise Center Business Development Manager Dirk Webb tells Inside INdiana Business says the program can help boost a key pool of potential entrepreneurs.
  • Perspectives

    • Plan Developed; Time For Action

      More than two hundred community leaders from all corners of the region gathered last week in Mishawaka for the unveiling of the first ever regional economic development plan. The plan launch marked the culmination of more than a year of work by hundreds of volunteers seeking to develop a roadmap for regional development over the next seven years. The plan comes on the heels of...



  • Most Popular Stories

    • Gen Con Extends With Indianapolis

      Gen Con LLC has extended its agreement to hold its massive gaming event in Indianapolis through 2022. Last year's event attracted record turnstile attendance of nearly 208,000. For the first time in its 50-year history, the convention sold out all of its attendee badges before last year's event began. The event also added the first level of Lucas Oil Stadium, and reached Bankers Life Fieldhouse for the first time for a concert by Grammy-winning band They Might Be Giants.

    • Cummins to Design Combat Engines That Elude the Enemy

      The monstrous, larger-than-life military tanks of tomorrow could be powered by Hoosier ingenuity. A recent $47 million defense contract delivers marching orders for Columbus-based Cummins Inc.: develop the next-generation engine to power U.S. combat vehicles, and it must be stronger, but smaller, and elusive to enemies’ efforts to spot it. 

    • Manufacturing Exec: Indiana Has a 'Population Problem'

      The president of the Indiana Manufacturers Association says, to fill the growing number of openings in Indiana's manufacturing sector and beyond, the state needs to ramp up efforts to increase its population. "Our check engine light is on," says Brian Burton, "and it's blinking." He says the association is pushing a measure with state lawmakers that would exempt some people who move to Indiana for a job from paying state income tax for a number of years.

    • Greenwood Approves Downtown Projects

      The Greenwood Redevelopment Commission has approved more than $4.5 million in downtown projects. They include a major exterior renovation for Planetary Brewing and a new connector road. The Planetary Brewing project is being supported by funding from the G.R.O.W. Greenwood Initiative, which is a matching grant program to help businesses along some of the city's most traveled corridors improve their aesthetic appeal. RDC President Brent Tilson says the results have been...

    • Study: Indiana Amish Gene Mutation Shows Longer Life Potential

      Northeast Indiana's Amish population is at the center of research that could help people live longer. Results from a 2015 study that were published late last year in the journal ScienceAdvances suggests those who possess a specific gene mutation, first identified in 1991 by the Indiana Hemophilia and Thrombosis Center in an Adams County girl with a rare bleeding disorder, live around a decade longer than normal. They also had lower insulin levels and diabetes rates.