Archives: Funding

Riley Area Development Corp Logo

Program for Investment in Micro-Entrepreneurs (PRIME)

In support of Riley Area Development Corporation’s work connecting residents to employment in small businesses and entrepreneurial ventures, the Small Business Administration funded the expansion of Ruckus Makerspace, which provides access to training and employment for low-income individuals while making available tools and resources for startups and existing businesses to grow, ultimately encouraging local production

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City of Indianapolis Logo

New Market Tax Credits

The City of Indianapolis was awarded $55 million in New Market Tax Credits by the US Treasury Department, a portion of which was applied to the Indy East Promise Zone to incentivize large-scale ($5M and above) capital projects that will provide new jobs in the zone, namely at the P.R. Mallory building, Sherman Park, and

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Citizens Energy Group Logo

Economic Adjustment Assistance – ARI Strategy

Using this grant from the Economic Development Administration Former Coke Plant’s Assessment, Reuse and Implementation (ARI) Strategy was created over a twelve month period by multiple local and regional stakeholders to achieve multiple economic and workforce development outcomes, creating jobs and spurring revitalization of surrounding neighborhoods.

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City of Indianapolis Logo

Economic Adjustment Assistance – Recovery Coordinator

In accordance with the Work IndyEast subgoals calling for revitalization of former industrial sites, the Economic Development Administration (EDA) awarded the City of Indianapolis funds to hire a Recovery Coordinator to engage regional stakeholders in projects that would spur area redevelopment and job creation.

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Fair Housing Center of Central Indiana Logo

Fair Housing Initiatives Program

The Department of Housing and Urban Development awarded funds to the FHCCI in order to expand training and outreach programs related to fair housing laws so that renters and homebuyers can understand their rights and inform realtors and property managers of the repercussions of housing discrimination.

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King Park Development Corporation Logo

OCS Community Economic Development Program

The Build Fund, or Promise Zone Loan Fund, will directly support job creation goals, commercial development goals, entrepreneur opportunities and an increase of quality retail options in Promise Zone neighborhoods.

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Englewood Community Development Corporation Logo

Healthy Food Financing Initiative Projects

The Department of Health and Human Services awarded Englewood CDC’s Farm 365 as it expanded its business, provided up to 30 new jobs for Near Eastside neighbors, rehabilitated the Bunker Building on the historic P.R. Mallory campus, and increased access to locally-grown produce on Indianapolis’ Near Eastside.

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Insight Development Corp. Logo

Community Economic Development Program

This award supported Insight Development Corporation’s construction and operation of the Pratt Commercial Center. The center consisted of 12,000 square feet of commercial and retail space, hosted 32 new full-time permanent positions, and guaranteed 26 jobs for low-income persons.

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Business Ownership Initiative Logo

Program for Investment in Micro-Entrepreneurs | BOI

This award from the Small Business Administration funded BOI’s REDI program, whereby it partnered with the Department of Corrections, RecycleForce, PEN Products, the John H. Boner Community Center, Martindale Brightwood CDC, New Life Ministries, and PACE to assist disadvantaged and recently released or soon to be released ex-offenders in exploring self-employment as a viable career

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