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Accelerate Business

Since 2015, growth in entrepreneur assistance and lending has been complemented by new business attraction and global business expansion strategies, among other investments. We have found successes and delivered results, but the data illustrate that we still have room to improve. Over the last ten years, job growth and business growth in many of our key industries, sectors which produce good and promising jobs capable of elevating incomes, have trailed the competition.

 

Accelerate Business

Since 2015, growth in entrepreneur assistance and lending has been complemented by new business attraction and global business expansion strategies, among other investments. We have found successes and delivered results, but the data illustrate that we still have room to improve. Over the last ten years, job growth and business growth in many of our key industries, sectors which produce good and promising jobs capable of elevating incomes, have trailed the competition.

Strategic Objectives

  • Commitment to source from locally- and minority-owned businesses.
  • Expansion of both Business Ownership Initiative and Enterprise Corp to spur increased startup formation and bolster self-employment.
  • Corporate relations and expansion in key innovation industry sectors.
  • Global recognition of our economic successes and metropolitan status.
  • Research and development of activity and partnerships that drive innovation.
 

Strategic Objectives

  • Commitment to source from locally- and minority-owned businesses.
  • Expansion of both Business Ownership Initiative and Enterprise Corp to spur increased startup formation and bolster self-employment.
  • Corporate relations and expansion in key innovation industry sectors.
  • Global recognition of our economic successes and metropolitan status.
  • Research and development of activity and partnerships that drive innovation.

Key Recommendations

Business Equity for Indy (BEI) is a joint venture of the Indy Chamber and the Central Indiana Corporate Partnership (CICP) with support from the Indianapolis Urban League to advance a more inclusive future and address inequities in opportunities in five pillars Hiring & Promotion, Learning & Talent, Procurement & Participation, Impediments to Health, and Public Policy.

Enterprise Corps is a business accelerator and partnership between the Indy Chamber and the IUPUI Kelley School of Business that helps small businesses at various stages accelerate their growth. Small businesses meeting certain criteria in terms of maturity and growth potential will receive targeted technical assistance from program partners – the Corps – to aid the enterprise and the entrepreneur.

A Regional Analytics Center is a proposed new division of the Indy Partnership that would provide the capacity and capabilities in analytics and technology that are necessary to support a strategy capable of expanding the impact and return on investment in an increasingly data-driven and digitally transformed global economy.

The Request for Investment (RFI) is an innovative corporate recruitment campaign that inverts the traditional site selection process to place a spotlight on the Indy region. An RFI will be issued to companies and site selectors, offering a unique incentive package to companies that meet certain criteria and are interested in making certain commitments to enable available incentives.

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