Chambers Partner on Small Business Boost

Posted: Updated:

The Indianapolis and Greenwood chambers of commerce are partnering to help small businesses address a top challenge: finding access to capital. The collaboration involves the Indy Chamber having space at the Greater Greenwood Chamber offices to provide microlending and counseling services to business owners and entrepreneurs. Greenwood Mayor Mark Myers says the move targets a critical need for the region's growing small business sector, saying lack of finance is "the biggest thing that kills a small business."

Greater Greenwood Chamber Chief Executive Officer Christian Maslowski says the partnership is key to its goal to "create jobs here, to retain the talent we have and to grow new enterprises right here at home." During an interview with Inside INdiana Business Television, he said, "What we're doing is making that easy to do here in Greenwood."

The program will give businesses in Greenwood and throughout the southern suburbs of the Indianapolis region access to the Indy Chamber's microlending program, which provides loans of up to $50,000 to businesses that may not meet traditional lending standards. It will also make business coaches available to area businesses.

Indy Chamber Senior Director for Entrepreneur Services Carrie Henderson says, "Almost every growing company has cash flow challenges." She says the chamber's coaches can help "analyze a business balance sheet and lay out realistic options."

Earlier this week, the Indy Chamber announced the new Accelerate Indy economic development strategy, aiming to help the nine-county region compete with other metropolitan areas throughout the country. Chief Executive Officer Michael Huber says a top priority of the plan is attracting and retaining talent with a focus on entrepreneurship and small business growth.

  • Perspectives

    • Creating the Work Spaces that Draw Talent to Indianapolis

      The future economy will be driven by data, powered by robotics and heavily invested in the building blocks of nature – biotech and genetic engineering. That’s true of the economy nationwide, and it’s especially true here in Indianapolis, where dominant pharmaceutical and biotech companies are putting us at the cutting edge of the science-based economy. It all sounds larger than life. But the facilities that will house these industries will always be...



  • Most Popular Stories

    • Allison and Stanley Chen provided the lead gift for the campaign. (Provided Photo/ISI)

      International School Launches Capital Campaign

      The International School of Indiana has publicly launched a capital campaign to establish a unified campus in Indianapolis. As part of the ONE ISI campaign, the school is looking to raise $6.5 million to build a new school building for pre-elementary and elementary students at the site of its middle and high schools. The public launch follows a 10-month silent phase of the campaign, during which ISI raised $5 million from more than two dozen donors. Currently, ISI's operations are...

    • Money magazine judges Fishers as 3rd best place to live in the U.S.

      Fishers Makes Top 10 List of 'Best Places to Live'

      Three communities in Indiana made the top 100 list of best places to live in the country, but only one made the top 10. Fishers was judged by Money magazine as the third best place to live in the United States, behind Clarksville, Tennessee and Round Rock, Texas.

    • Lt. Governor Suzanne Crouch will be on hand for the announcement.

      Jobs Announcement Set for Indy

      City and state officials will Wednesday make a jobs announcement in downtown Indianapolis. Few details are available, however the Indiana Economic Development Corp. says leaders from an Indianapolis-based startup will be involved.

    • (photo courtesy of Dickinson Fleet Services)

      Dickinson Fleet Services Expands; Grows Talent Pool

      Indianapolis-based Dickinson Fleet Services is expanding its truck maintenance reach with the purchase of A1 Diesel Service of Hendersonville, Tennessee. Dickinson says this is its ninth acquisition since 2017 and the third in 2019. 

    • Photo courtesy of Bristol Parks

      Startup Plans to Add 250 Jobs By 2021

      A metal forming startup is seeking to use a facility in Bristol that has been empty since 2017 for a major manufacturing operation. The Elkhart Truth reports Brinco will invest $52 million in the project and add 250 jobs.