Hogsett: Neighborhoods 'Once Again On The Rise'

Posted: Updated:
The mayor says the investment also played a part in 2,000 new job commitments and 1,400 retained jobs. The mayor says the investment also played a part in 2,000 new job commitments and 1,400 retained jobs.
INDIANAPOLIS -

Indianapolis Mayor Joe Hogsett is reporting more than $66 million in neighborhood investment in the city in 2017. He says the funding resulted in more than 300 new housing units and hundreds of job placement and training opportunities for low-to-moderate-income residents.

The mayor says the investment also played a part in 2,000 new job commitments and 1,400 retained jobs. The funding came from local, state and federal sources.

Hogsett says many of the city's neighborhoods went unnoticed during the recent downtown boom, and says 2017's spending focused on "turning back that tide." He says the efforts ranged from removing blighted properties to a "renewed push for place-making throughout our community."

Major housing projects in 2017 included $2 million to rehabilitate vacant and abandoned houses, $1.4 million to assist 70 low-income homeowners with necessary repairs through the Owner-Occupied Repair Program and nearly $2 million on projects involving senior rental housing units.

Hogsett says the investment also included money to help residents in those neighborhoods get training and find employment. That funding included nearly $1.5 million to help new or expanding small businesses with financing and $400,000 to EmployIndy for job training and placement services for nearly 700 underserved residents.

The city is also reporting a record-setting year for blight elimination, to the tune of 135 property sales and 155 demolitions of blighted houses expected.

  • Perspectives

    • Making Numbers Work Harder For You

      Sencha CEO Art Landro believes the world has created more data in the last two years than in the preceding 5,000, and that we'll probably create even more than that before this year ends. In every aspect of our lives, we're absolutely drowning in data.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Indy as Amazon 'HQ2' Finalist a 'Powerful Statement'

      The chief executive officer of the state's technology growth initiative is comparing efforts to land Indianapolis a planned, $5 billion Amazon.com Inc. (Nasdaq: AMZN) headquarters to the city's 2012 Super Bowl bid. TechPoint's Mike Langellier says Indy's inclusion on a list of 20 finalists makes a "powerful statement" to other companies looking for prime locations. Langellier said the city meshes with what Amazon is seeking in areas including...

    • IU Effort Sets Sights on Orange County

      Indiana University's Center for Rural Engagement will partner with Orange County for its second Sustaining Hoosier Communities project. Through the collaboration, more than 500 students in 15 courses will take part in work on economic, health and quality of life projects in the southwest central Indiana county throughout the academic year. Planned efforts include a community wellness initiative, an incubator kitchen and a youth artisan apprenticeship program.

    • Indianapolis Among Amazon 'HQ2' Finalists

      Seattle-based Amazon.com Inc. (Nasdaq: AMZN) has named Indianapolis one of 20 finalists for the location of a second corporate headquarters. The company accepted bids late last year for what it expects to be a more than $5 billion investment that could bring up to 50,000 jobs with it. Chicago and Columbus, Ohio were the other two Midwest cities still in the running. Amazon says its "HQ2" will be "a full equal to our current campus in Seattle."

    • Indiana Conference For Women Names Executive Director

      The Indiana Conference for Women has named its first executive director. Marie Davis, who previously served as director of communications strategy for Lieutenant Governor Suzanne Crouch, will take on the newly-created role. Davis is also the co-founder and former chief executive officer of Keystone Message Integration in Carmel and a former board member for the National Association of Women Business Owners. Billie Dragoo-Garcia, co-founder of the Indiana Confe...

    • Sony DADC to Lay Off Hundreds in Terre Haute

      Sony DADC has announced plans to lay off 375 workers at its Terre Haute facility. In a notice to the Indiana Department of Workforce Development, the company says the layoffs are due to its decision to outsource the music and video manufacturing operations at the facility. A spokeswoman for Sony DADC tells our partners at WTHI-TV the move will affect more than half the employees at the Vigo County location.