Partnership Aims to Support Small Businesses
Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowA partnership has been launched to help Indianapolis-area small businesses boost strategic planning and funding efforts. The Central Indiana Small Business Development Center is planning to select 25 businesses for planning sessions with advisers. Those employers will also receive access to the Localstake Marketplace to help raise money to support growth. June 19, 2014
News Release
INDIANAPOLIS (June 19, 2014) – The Central Indiana Small Business Development Center (C-ISBDC) is partnering with Localstake to create the Drive for 25 Campaign. The campaign will connect Indianapolis-area small businesses with the strategic planning and funding they need to take their business to the next level.
“We are excited to work with the C-ISBDC in this effort. Small businesses are the lifeblood of our economy and we believe this program can help bring participants access to much needed investment capital from individuals in our community,” said co-founder of Localstake, Kevin Hitchen.
Drive for 25 is a 25 week acceleration program for growing Indianapolis-area businesses. Up to 25 selected businesses will participate in strategic review and planning sessions with C-ISBDC business advisors at no cost. Also, participants will receive discounted access to Localstake Marketplace to raise the funds they need to implement their growth plans.
The program is open to Indianapolis-area companies who have been in operation for at least one year and are generating at least $250,000 in annual revenues. Applications to apply for the program are due by Thursday, July 31.
“This program is designed provide small businesses with guidance to successfully manage their next phase of growth and then help them access the funding necessary to go out and achieve their growth goals,” said Doug Boehme, Regional Director of C-ISBDC.
Interested businesses can learn more about the Drive for 25 program and can sign up for one of the informational webinars on the Drive for 25 program at www.isbdc.org/drive-25-campaign.
About Localstake
Localstake (http://www.localstake.com) is an investment crowdfunding platform that startups and small businesses use to raise funding from investors in their community. Its mission is to help growing businesses more efficiently and effectively connect with capital in their community. With investment minimums as low as $250, Localstake provides investors of all wealth backgrounds the ability to invest in what they know best: local businesses in their community.
About Central ISBDC
The Central Indiana Small Business Development Center (C-ISBDC) supports the formation, growth, and sustainability of Central Indiana's small businesses by providing entrepreneurs expert guidance and access to a network of resources. Funding for the regional ISBDCs comes from state universities, chambers of commerce, economic development offices, mayor offices, and banks. The C-ISBDC is hosted by the Indy Chamber. To learn more about the ISBDC and to become a client visit: http://isbdc.org.
Source: Central Indiana Small Business Development Center