Anderson Makes Play For Young Entrepreneurs

Posted: Updated:
Participants will receive up to $25,000 in loan repayment. Participants will receive up to $25,000 in loan repayment.
ANDERSON -

A group of public and private organizations is looking to attract young entrepreneurs to Anderson. Anderson University is using a $1 million grant from Lilly Endowment to lead a partnership that has launched Anderson Now, which offers school loan repayment for graduates of Indiana colleges who start or relocate a business in the city. The city of Anderson and a group of small businesses are also taking part in the program.

In a release from the school, Anderson University professor and IDEA-U Director Deborah Miller Fox says the partnership is a natural fit for all parties involved. "We have talented young people with big ideas for whom college debt is a barrier to the dream of starting their business. The city of Anderson wants to bring new business to the area. Lilly Endowment wants to help keep Indiana graduates in Indiana. The Anderson Now program seemed like a way to tackle all of these challenges and to remain true to the goal of encouraging entrepreneurship and innovation."

Anderson Now will select 10 Indiana college graduates who are willing to move or start their businesses in Anderson and provide them each up to $25,000 in educational loan repayment. Organizers say participants will also have access to ongoing business and technical support, a coworking space and affordable housing.

To be considered for the Anderson Now program, applicants must be graduates of a four-year Indiana college of university, have student loan debt and present a viable business plan for a business to be located in Anderson. Those looking to participate must also complete a Bankable loan application and interviews with the Anderson Now advisory team, which includes small business owners, members of the Madison County Corp. for Economic Development and Bankable, which is the loan program of the Flagship Enterprise Center.

Anderson University President John Pistole says the program shows the school's commitment to "helping keep those bring, young professionals in the state of Indiana." He says it also shows the university's commitment to Anderson, "which we call home."

You can find more information about the program, including the screening form to begin the application process, by clicking here.

Williams says the benefits reach well beyond money.
  • Perspectives

    • How to Build an Effective Team

      Many leaders who are looking to increase overall productivity at their company are implementing collaborative team environments. This growing trend is backed up by a recent study that states collaborative work environments lead to an increase in overall profitability. However, teams are only effective if built correctly. Don’t expect a group of employees to work well together if you throw them in a room without cultivating any sort of trust or team building.

    More

Events



  • Most Popular Stories

    • UPDATE: Nestl√© Details Fort Wayne Layoffs

      Virginia-based Nestlé USA says only 40 employees will be laid off at the company's Fort Wayne distribution center. A spokesperson for Nestlé tells Inside INdiana Business a WARN Notice filed with the state incorrectly stated the facility would close at the end of the year, affecting nearly 70 workers.

    • (photo courtesy The Times of Northwest Indiana)

      Hammond Pulls 135 Jobs from Illinois

      A Hammond factory recently vacated by Michigan-based Lear Corp. didn’t sit empty for very long. Midland Metal Products has taken over the former seat factory, having relocated from Chicago after 95 years. 

    • 'Hottest Real Estate Markets' Include Indiana Locales

      Fort Wayne just opened its brand new riverfront Promenade Park to pomp and pageantry, hoping to make it a draw to Indiana’s second largest city. But now the Allen County community has something else to celebrate. The editors of Realtor.com declared Fort Wayne as the hottest real estate market in July for the entire country. 

    • (Image courtesy of Horseshoe Casino Hammond.)

      Indiana Casinos to Begin Sports Betting

      A pair of northwest Indiana casinos will soon add sports wagering to their offerings. Horseshoe Hammond Casino and Ameristar Casino East Chicago are both set to open sports betting areas at their respective casinos ahead of the kickoff to the 2019 NFL season.

    • Eleven Fifty to Move Headquarters

      Eleven Fifty Academy has announced plans to relocate. The nonprofit coding academy says it will invest $5 million to move its national headquarters to a 25,000-square-foot space in downtown Indianapolis near the Indiana Statehouse. Eleven Fifty says it will maintain its existing space in Fishers and has additional plans to add more locations statewide in the future. The organization says it aims to bring its staff to more than 150 over the next six years. Founder Scott Jones...