SOURCE River West Receives Funding to Expand

The SOURCE River West Entrepreneurship Center is one of the beneficiaries of the funding. (photo courtesy SOURCE River West)

Entrepreneurs and small-business owners in five Indianapolis neighborhoods will soon have more resources after River West Entrepreneurship Center received funding from the JPMorgan Chase Foundation. The center was given $200,000 from the foundation, after receiving a $150,000 gift in 2016.

The latest funding will allow the center to expand beyond the River West neighborhood to business owners in Maple Crossing, Twin Aire, King Commons and Englewood Village neighborhoods. Each of the neighborhoods are part of the Great Places 2020 initiative.

“With this funding, SOURCE and our partner, the Business Ownership Initiative, will be able to increase neighbors’ business knowledge, encourage startups and support business growth as a path to self-sufficiency in Indianapolis neighborhoods,” said Interim Director Teresa Bennett.

The expansions will take place over the next four years.