PR Mallory, One Year Later
July 20, 2021
On this first anniversary of PR Mallory’s grand opening, we at the Promise Zone believe
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
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 a 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 Buy IndyEast goals? Access the full Promise Zone Goals & Strategy or those specific to Buy.
Buy IndyEast Promise Zone Funding History
Over the past six years, Buy IndyEast has leveraged has almost $60M to support the Near Eastside of Indianapolis.
Federal Funding Leveraged for Buy IndyEast: $58,284,990
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.
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.
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.
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.
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.
Farmers Market and Local Food Promotion Program
In pursuit of increased access to affordable, healthy, and locally-grown food, awarded funds through the …
Program for Investment in Microentrepreneurs (PRIME)
The Indy Chamber’s Business Ownership Initiative its BOI was a recipient of the Small Business …
Challenge America
The National Endowment for the Arts’ Challenge America Gran funded a public sculpture commissioned by …
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.
Brookside Hosts Visioning Day
April 28, 2022
The community came together this past Saturday to set forth goals and expectations for the
Buy IndyEast
News and Resources
Read the latest updates about Buy IndyEast projects, awarded grants, and milestones.
Summer 2021 Quality of Life Plan Summit
August 18, 2021
In 2007, neighbors from around the eastside came together to set benchmarks for how they wanted to see their
Martindale-Brightwood Receives Big “Lift” from City with $3.5 million in Federal Funding
March 1, 2021
Indianapolis Mayor, Joe Hogsett, names Martindale-Brightwood as a Lift Indy neighborhood, joining the Near North Corridor as the second
Welcoming Stomping Ground to the Neighborhood
February 25, 2021
“The plan for Stomping Ground has been in the works for nearly 6 years,” says Owner and longtime Near
Local Partners Thankful for a Successful First #NearEastEats
December 4, 2020
In response to the devastating economic effects of the 2020 COVID-19 pandemic, Near East Area Renewal (NEAR), with support
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