'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.
INDIANAPOLIS -

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

    • Indiana's Regrettable Struggle to Pass Hate Crime Legislation

      It shouldn’t be this hard. The Senate’s Public Policy Committee voted 9-1 in favor of SB-12 this week, a bill that would have codified (as written) hate crime bias to include protections for race, religion, color, sex, gender identity, disability, national origin, ancestry, sexual orientation, and age. SB-12 then made its way to the full Senate. Preceded by a lengthy deliberation by the Senate’s Republican caucus, the Senate voted 33-16 in favor of a watered-down...

    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

    • Scotty McCreery will perform at Elkhart’s Lerner Theater on Idea Week’s Elkhart Day.

      Country Singer Joins Idea Week Line Up

      The University of Notre Dame has announced a new act joining this year's Idea Week innovation festival. The award-winning country singer got his start by winning “American Idol” in 2011. 

    • Picture Courtesy: Ratio Architects

      Hilton Bringing New Luxury Hotel Brand to Indy

      Hilton Hotels and Resorts (NYSE: HLT) has chosen Indianapolis as one of three markets where it will roll out its new luxury Signia Hilton brand. The hospitality company says Signia will target meeting professionals and business travelers hosting and attending large events. The 800-room Signia will be the larger of the two towers planned for the Pan Am Plaza site as part of a $120 million Indiana Convention Center expansion. Visit Indy Senior Vice President Chris Gahl expects...

    • Indiana's Regrettable Struggle to Pass Hate Crime Legislation

      It shouldn’t be this hard. The Senate’s Public Policy Committee voted 9-1 in favor of SB-12 this week, a bill that would have codified (as written) hate crime bias to include protections for race, religion, color, sex, gender identity, disability, national origin, ancestry, sexual orientation, and age. SB-12 then made its way to the full Senate. Preceded by a lengthy deliberation by the Senate’s Republican caucus, the Senate voted 33-16 in favor of a watered-down...

    • New Leader Aims to Expose International School's Assets

      The new head of school at the International School of Indiana says she wants to build on 25 years of growth. Elizabeth Head, who became the school’s first female leader last month, says the school’s reputation for contributing to the workforce and attracting talent from around the world excited her about the job. She says the ISI is the only school of its kind not just in Indiana, but throughout the Midwest. In an interview on Inside INdiana Business with Gerry Dick...

    • Indiana is one of five states without a specific hate crimes law.

      Senate Passes Amended Hate Crimes Bill

      The Indiana Senate has passed a hate crimes bill, which includes a controversial amendment approved Wednesday in committee. The bill, which no longer includes a list of targeted groups, was approved by a vote of 39-10. The bill now includes a line stating criminal sentences can be lengthened for reasons "including bias."