'Impact Ecosystem' Set to Take Over Old ITT Tech Space

Posted: Updated:
Plans call for the organization to take up the second floor of the former Indianapolis ITT Tech campus. Plans call for the organization to take up the second floor of the former Indianapolis ITT Tech campus.

Early plans for a big chunk of the former ITT Tech headquarters on the far north side of Indianapolis have been announced. Multiply Resources founder Craig Dereka says the second floor of the facility will be converted into an "impact ecosystem" geared toward entrepreneurs in social, faith-based and impact-focused fields. In addition to coworking and office space, the vision for the yet-to-be-named hub could also include creative, legal, financial and acceleration services.

In an interview with Inside INdiana Business, Dereka said the space and organization will help feed a growing movement. "What I'm seeing more and more -- and it's very true on the corporate side of things -- is people want more than just the 'nine-to-five,'" he said. "When Millennials or the new generation is starting a company, it's not just about 'how much money can I make,' it is about 'how can my time being spent on what I'm doing day-to-day impact the most lives around my state or country or even the world?' And we want to help foster that culture and help support that mindset and we feel things are just getting started here in Indy regarding that."

Dereka says organizations in cities like Seattle, Chicago and Cincinnati are already building an environment where impact-minded businesses and organizations can launch, but central Indiana has room to grow. "I'm just seeing some foundations being built here in Indy where we could become an inspiration to other cities throughout the country."

Multiply Resources, Dereka says, is being built so that each portion of the nonprofit is self-sustainable to boost longevity. Additional details of the space including its name and the timeline for launch will be unveiled November 8 during the Multiply Resources Multiply Conference in Carmel. Dereka says some early private investors are already on-board, but additional partners providing resources will be announced at the event. The space could open mid-2019. You can connect to more about Multiply Resources by clicking here.

In an interview with Inside INdiana Business, Multiply Resources founder Craig Dereka said the space and organization will help feed a growing movement.
  • Perspectives

    • What Makes Up Quality of Place?

      Economic development is a hot topic these days. With the economy continuing to chug along in robust fashion and unemployment approaching historic lows, communities are refining their objectives and priorities to eek every drop of benefit they can from these financially strong times. Nowhere is this focus greater than with “quality of place,” As cities and states think about how they can distinguish themselves from their peers, a common starting point is developing a...



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


  • Most Popular Stories

    • Ball State Approves Room And Board Increase

      Ball State University trustees have approved a 1.6 percent room and board increase for the 2018-2019 academic year. President Geoffrey Mearns says the increase keeps the school's costs competitive while allowing it to provide modern residence halls to attract and retain top students. The average cost to live on campus for the 2017-2018 academic year is $10,032, which the school says is about $500 less than average for peer and ins-state institutions.

    • 'Fresh Energy' Keeps Bloomington Indie Music Label Moving

      After more than 20 years, a Bloomington-based music label is continuing with its mission of showcasing the independent music scene locally and globally. Secretly Group, which includes the Secretly Canadian, Dean Oceans, Jagjaguwar and The Numero Group labels, has worked over the years with artists including Grammy-winner Bon Ivar, Major Lazer, Yoko Ono and Dinosaur Jr. It has grown to include the labels, a distribution business and a presence in New York, Chicago, Austin...

    • The Amazon Effect: How Big is The Economic Impact?

      Jeff Bezos, CEO of Amazon, increased his net worth by $6.44 billion dollars just by saying a few words. He announced the company's earnings on October 26, 2017, and Amazon stock jumped 8 percent. How are you impacted by the Amazon Effect?

    • (Image courtesy of Pat McAfee Show 2.0)

      Pat McAfee Leaves Barstool

      Less than a year after announcing its launch, former Indianapolis Colts punter-turned-media personality Pat McAfee has exited Barstool Sports. McAfee helped launch Indianapolis-based affiliate Barstool Heartland with Barstool Sports founder Dave Portnoy, but said on his own, independent podcast that he's quitting and has not made plans for his next steps. During the first edition of "The Pat McAfee Show 2.0," McAfee said dealing with the business side...

    • St. Vincent Names Manas Regional President

      Julie Manas has been selected to serve as regional president of the St. Vincent North Region, which includes St. Vincent Anderson, Carmel, Fishers, Kokomo, Mercy, Randolph and Williamsport hospitals. She has more than 30 years of healthcare experience and most recently comes from Hospital Sisters Health System, Western Wisconsin Division, where she held the role of president and chief executive officer.