Wheeler Mission and RecycleForce to Use New Market Tax Credits for Expansion on Near Eastside

On May 23rd, 2019, the US Treasury Department announced $3.5 billion in New Markets Tax Credit (NMTC) awards to spur economic development in urban and rural communities across the nation. In total, 73 Community Development Entities (CDEs) were awarded allocations, including Indianapolis Redevelopment CDE, LLC. Indianapolis Redevelopment CDE, which represents the City of Indianapolis despite being a separate entity, was […]

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Line Lofts to Bring Affordable Senior Housing and Youth Services for Visually Impaired Population

On October 30th, 2019, TWG Development broke ground on a new project at 1142 Southeastern Avenue. This new development, Line Lofts, will provide a mix of important amenities to the Near Eastside community and the City of Indianapolis. Line Lofts will create 63 new two-bedroom units of affordable senior housing. The development of affordable senior housing allows aging members of […]

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Near Eastside Small Business Saturday, Coming November 30th

November 30th is Small Business Saturday®, which means it’s almost time to celebrate with your favorite small businesses on the Near Eastside! Wondering how you can participate? Stop by the highlighted businesses to pick up a Small Business Saturday canvas tote bag that will have coupons and other goodies from local businesses inside. Just looking for the coupons? Stop by […]

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Edna Martin Christian Center and RecycleForce Set to Use Federal Awards to Create Jobs in Promise Zone

On October 2nd, 2019, the US Department of Health and Human Services (HHS) announced this year’s awardees for its Community Economic Development grant program. Among the awardees were Edna Martin Christian Center and RecycleForce, two organizations which serve Promise Zone residents. Both organizations received the maximum award of $800,000. The Community Economic Development program, organized through the Office of Community […]

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City of Indianapolis Designates Portion of East 10th Street as Lift Indy Neighborhood

On October 2nd, 2019, Mayor Joe Hogsett and other representatives from the City of Indianapolis joined Near Eastside neighbors, business owners, and community leaders to announce the designation of a third Lift Indy Neighborhood, located in a key commercial corridor on the Near Eastside. The designated area, focused on a section East 10th Street, joins Monon16 and the Old Southside, […]

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RUCKUS Makerspace Awarded in Small Business Administration Competition

On August 20th, the US Small Business Administration announced winners for its 2019 Makerspace Training, Collaboration, and Hiring (MaTCH) Pilot Competition. Among the winners in the Proof of Principle category was RUCKUS Makerspace, a local coworking space located in one of the ten Opportunity Zone census tracts that overlap with the IndyEast Promise Zone. The Proof of Principle category awards […]

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White House Updates List of Federal Programs with Opportunity Zone Preference

The White House Opportunity and Revitalization Council has identified numerous federal programs for which Opportunity Zone preference can be made available. As of October 1st, 2019, action has been taken on 160 programs. For the updated list of federal programs, click here.   Opportunity Zones are federally certified census tracts in low-income areas that provide tax incentives for capital investment. […]

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Near Eastside Visioning Day Starts Process of Recreating Quality of Life Plan

On September 7th, Near Eastside neighbors and stakeholders gathered in Arsenal Tech’s cafeteria for Near Eastside Visioning Day. This event is the first major step in the process of creating a new Near Eastside Quality of Life Plan. The original Near Eastside Quality of Life Plan was unveiled in 2008 after months of collaboration between neighbors and community organizations. Since […]

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