Buy Indy East

We promise to create healthy commercial corridors that provide desirable neighborhood goods, services and amenities that serve our residents and become a regional destination for shopping, dining, and recreation.
OUR GOAL: 

Increase Economic Activity

CCIC Brewery

Commercial District Development

Provide comprehensive commercial district development resources and incentives targeting new and existing neighborhood-serving businesses, commercial property owners, and neighborhood-commercial developers.

Arts-based Community Development

Strategically target neighborhood-centered commercial redevelopment nodes to implement Arts-based Community Development (ABCD) initiatives as an economic catalyst for commercial development, entrepreneurship and creative programming.

Implement Innovative Infrastructure

Implement innovative infrastructure including public gathering spaces, dedicated trail systems and streetscape improvements to attract a strong consumer base and utilize placemaking practices as catalyst for business development.

View the full Buy IndyEast Promise Zone strategy

Are you interested in learning more about the strategy behind the Buy Indy Promise and goals? You can access the full document or just view the specific Buy Indy East goals and partners.   

Buy IndyEast Promise Zone Funding History

Over the past six years, the Buy IndyEast goal has been able to raise almost $60M to support the Near Eastside of Indianapolis. 

Federal Funding Leveraged for Buy IndyEast: $58,284,990
Business Ownership Initiative Logo

Program for Investment in Microentrepreneurs (PRIME)

The U.S. Small Business Administration (SBA) recently awarded BOI $180,000 through its Program for Investment in Micro-Entrepreneurs (PRIME) to continue funding BOI’s Re-Entry Entrepreneurship Development Initiative (REDi) for current and formerly incarcerated individuals to explore small business ownership as a means of self-sufficiency.

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Community Development Financial Institutions (CDFI) – Technical Assistance

Business Ownership Initiative (BOI), the anchor program of the Indy Chamber’s Entrepreneur Services division, was recently certified by the U.S. Department of the Treasury as a Community Development Financial Institution (CDFI), and alongside this new status, was granted $125,000 in CDFI Program Technical Assistance Awards to serve low-income and underserved communities lacking adequate access to financial resources.

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New Market Tax Credits

he City of Indianapolis was awarded $55 million in New Market Tax Credits by the US Treasury Department. This is the City’s third New Market Tax Credit award in the last 20 years. The funds will be used to support redevelopment efforts, including the ongoing projects on the PR Mallory campus.

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Program for Investment in Microentrepreneurs (PRIME)

The Small Business Administration’s Program for Investment in Microentrepreneurs (PRIME) grant provided assistance to the Business Ownership Initiative, supporting its programs to help low-income entrepreneurs who lack sufficient training and education to gain access to capital to establish and expand their small businesses.

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Women’s Business Center (WBC) Program

The Small Business Administration’s Women’s Business Center Program provided technical assistance to the Business Ownership Initiative to provide technical support to women entrepreneurs seeking to optimize their finance, management, and marketing strategies.

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Farmers Market and Local Food Promotion Program

In pursuit of increased access to affordable, healthy, and locally-grown food, awarded funds through the …

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Program for Investment in Microentrepreneurs (PRIME)

The Indy Chamber’s Business Ownership Initiative its BOI was a recipient of the Small Business …

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Challenge America

The National Endowment for the Arts’ Challenge America Gran funded a public sculpture commissioned by …

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Buy IndyEast Map

Buy IndyEast Map

Buy IndyEast map shows the area’s key assets and developments that the promise zone has focused on like the 10 East Arts District, the East Washington Street Plan, and IndyGo bus routes as an alternative method of transportation. The map also shows new businesses since the promise zone designation.

View the map.

Buy IndyEast

News and Resources

Read the latest updates about Buy IndyEast projects, awarded grants, and milestones.