Neighborhood Resource Guide

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10. Business Diversity
Healthy communities possess a complement of retail and professional services.
 
QUESTION - Who can help bolster commercial development in our neighborhood?
ANSWER - Ball State University Building Better Communities Program
Building Better Communities is designed to spur economic development and quality of life advancement by matching university expertise and resources to community needs. Visit http://www.bsu.edu/bbc/.
ANSWER - Fostering Commercial Urban Strategies (FOCUS)
A partnership between the Local Initiatives Support Corporation (LISC), the Greater Indianapolis Chamber of Commerce, the Indianapolis Coalition for Neighborhood Development and the City of Indianapolis, FOCUS jump-starts commercial development in Indianapolis’ urban neighborhoods through planning, advocacy, and delivery of economic development projects. Contact LISC at 396-0588 or http://www.focusindy.com.  FOCUS provides:
  • Financial and technical assistance to neighborhood-based organizations to support community and economic development efforts.
  • Alternative sources of funding to small business owners located in core urban areas.
  • Resources to equip community developers and small business owners with the tools needed to revitalize vacant or underutilized properties.
  • Rebates of up to 50% of the total cost (rebate not to exceed $10,000) for construction and other work done to improve a business owner’s façade (front of building/area facing the street). Design assistance may be requested.
ANSWER - Local Initiatives Support Corporation (LISC)
LISC helps resident-led, community-based development organizations transform distressed communities and neighborhoods. By providing capital, technical expertise, training and information, LISC supports the development of local leadership and the creation of affordable housing, commercial, industrial and community facilities, businesses and jobs. Contact 396-0588 or http://www.lisc.org/indianapolis.
QUESTION - Who can help bolster small businesses in our neighborhood?
ANSWER - Ball State University Midwest Entrepreneurial Center
The Center promotes entrepreneurship by providing educational programs and projects, offering assistance to emerging entrepreneurs and maturing businesses, and promoting cross-campus collaboration. Students assess local business development opportunities by holding focus groups with business and community leaders and conducting research. Project teams can assess several areas, including: potential markets for business development; funding availability for business development; availability of residents with sufficient education and skills to provide a base for business development; and barriers and advantages to complete new venture development, including transportation, logistics and taxes. In conjunction with a community entrepreneurship committee, staff assist in developing an entrepreneurship action plan based on the project's findings. Visit http://www.bsu.edu/entrepreneurship/.
 
ANSWER - Community Development Corporations (CDCs)
CDCs work with local communities and neighborhood associations on economic development issues. They take a comprehensive approach to restoring neighborhoods by combining housing production and economic development with a variety of social support and community building efforts. Contact ICND for the CDC in your area at www.icndindy.org/.
ANSWER - Greater Indianapolis Chamber of Commerce
The Chamber is an association of large and small businesses. Contact 464-2200 or http://www.indychamber.com/.
ANSWER - Indiana Small Business Development Center
The Center offers free and low cost information, management counseling, and educational services designed to support small business owners and potential entrepreneurs. Contact 234-2082 or http://www.isbdc.org/.
ANSWER - Indianapolis Private Industry Council (IPIC)
IPIC finds workers with the skills companies need. Contact 639-4441 or http://www.ipic.org/forbusiness.htm
ANSWER - Indianapolis Small Business Loan Fund
The Fund provides alternative financing to stable small businesses in targeted core urban neighborhoods. Loans must create or retain jobs or help develop, rehabilitate, or revitalize the neighborhood. Contact Central Indiana Small Business Development Center at 233-7232 or www.isbdc.org.
ANSWER - Indianapolis Urban Enterprise Association (IUEA)
IUEA encourages business development, expansion and retention within the Urban Enterprise Zone. Contact 974-2240 or http://www.u-e-a.org/.
ANSWER - Neighborhood Self-Employment Initiative (NSI)
NSI helps individuals explore, start and grow successful small businesses. Contact 917-3266 or http://www.nsibiz.org/.
ANSWER - SCORE Association
SCORE helps small businesses by providing free confidential business counseling and low-cost seminars in all areas of business planning, start-up, and operation. Contact 226-7264 or http://www.indyscore.org/.
ANSWER - The Indy Partnership
The Indy Partnership provides specialized knowledge and assistance for companies and site selection consultants to make informed business location decisions. It provides information on available buildings and land, community profiles, and business incentive programs. Contact
236-6262 or www.indypartnership.com.
ANSWER - U.S. Small Business Administration
The Indiana branch offers free counseling to aspiring entrepreneurs as well as small business veterans through SCORE, Women Business Centers and Small Business Development Centers. It also offers assistance to businesses owned and controlled by socially and economically disadvantaged individuals through the 8(a) Business Development Program. It has staff to advise women business owners and veterans who want to start their own business. Contact 226-7272 or http://www.sbaonline.sba.gov/in/.