16 Tech at Center of Upcoming Regional Plan

Posted: Updated:
The programs will be offered through the new Source River West Entrepreneurship Center on West Michigan Street on the city's near west side. The programs will be offered through the new Source River West Entrepreneurship Center on West Michigan Street on the city's near west side.
INDIANAPOLIS -

The head of the Indy Chamber's Business Ownership Initiative says a grant announced today will provide an economic spark in the area around the centerpiece of the city's tech strategy. The $100,000 grant will fund coaching and lending programs in a neighborhood near 16 Tech, During an interview with Inside INdiana Business, Carrie Henderson said the chamber is looking to grow the strategy by thinking regionally.

Henderson says, while the chamber's strategy currently focuses only on Marion County, it plans to roll out a regional strategy encompassing a nine-county area.

The funding is from the JPMorgan Chase Foundation and will fund programs that will be offered through the new Source River West Entrepreneurship Center on the city's near west side. It will include one-on-one coaching for business owners and entrepreneurs and loans of up to $50,000.

The Business Ownership Initiative provided around $280,000 in microloans last year, supporting 85 new startups. The chamber also says its Entrepreneurship Services team provided nearly 5,000 hours of free business coaching in 2015.

  • Perspectives

    • Regional Investment Proposal Could be a Game Changer for Quality of Place Initiatives in Indiana

      While quality of place may be defined differently by people, a growing number of Hoosiers recognize the importance of this issue. In particular, the impact of quality of place on talent attraction and retention in a geographic area cannot be ignored. The future of every community is dependent on quality of place. Like many Midwestern states, Indiana is not growing at the same pace as areas in the southern and western regions of the United States.

    More

Events



  • Most Popular Stories

    • GPC is a subsidiary of Kent Corp.

      Ag Manufacturer Begins Expansion

      Iowa-based Grain Processing Corp. has broken ground on an expansion project in Daviess County, which has been more than four years in the making. The company is investing $70 million to expand its Washington plant, which could create up to 20 jobs when complete.

    • Chromcraft Revington Acquisition Complete

      A Colorado company has completed its previously-announced acquisition of West Lafayette-based Chromcraft Revington Inc. As a result of the $3.5 million deal, Chromcraft will operate as a wholly-owned subsidiary of...
    • Purdue Touts New Autism Research Center

      Purdue University says it will expand community programs, resources, collaborations and faculty members researching autism with the development of its new Purdue Autism Research Center. The center has 20 faculty members from the colleges of Health and Human Sciences, Education, Science and Veterinary Medicine.

    • IU Kelley Tops U.S News and World Report Rankings

      Indiana University's Kelley School of Business is ranked first among online MBA programs and online master's programs in the most recent U.S. News and World Report Best Online Education Program rankings. Ball State University's Miller College of Business also reached the top 20 in the online MBA rankings.

    • Skilled Nursing Facility Proposed for Merrillville

      A new $7 million skilled nursing facility is being proposed in Merrillville. Our partners at The Times of Northwest Indiana report the development would include five residential buildings outfitted with 12 beds, a dining area, beauty salon and spa.