Indy Chamber Names Rick Proctor New Executive Director of Business Ownership Initiative
The Indy Chamber has hired banking expert and community leader Rick Proctor as the Executive Director of Business Ownership Initiative (BOI), the anchor organization of the Indy Chamber’s Entrepreneur Services division.
As Executive Director of BOI, Proctor will oversee the organization’s day-to-day operations, which include services like free one-on-one business coaching, low-cost workshops, and small business loans to over 1,200 entrepreneurs in the Indy Region annually. Proctor will also provide leadership, vision and strategic direction for BOI, with an emphasis on growing BOI’s small business loan program.
“We’re excited to welcome Rick Proctor to the Indy Chamber team and to add his expertise to our small business growth efforts,” said the Indy Chamber’s Vice President of Indianapolis Economic Development Ian Nicolini, who oversees Entrepreneur Services as part of the Chamber’s inclusive economic development strategy. “Rick brings extensive experience in lending and community economic development, both of which will serve an integral role as we look to scale up and increase access to our financial and educational programs regionally.”
Rick Proctor joins the Indy Chamber after serving as Vice President at BMO Harris Bank. In his twelve years in this capacity, Proctor transformed a branch that was lagging in sales performance to one consistently ranked in the top five branches for new accounts since BMO Harris purchased M&I Bank in 2013. He increased the branch’s profitability by 6.1% in total revenue and 8.5% in direct contribution. Prior to his role at BMO Harris Bank, Proctor served as a branch manager for American General Financial Services (formerly Springleaf Financial Services) where he worked for nearly six years.
In addition to his success leading financial institutions, Proctor has demonstrated extensive leadership skills through his community development efforts on Indianapolis’ west side. Most notably, Proctor founded the West Side Chamber of Commerce in 2010 and served as the organization’s president until 2018. He also founded Indy Gateway in 2015, a 501(c)(3) dedicated to economic and community development needs on the west side of Indianapolis focused on Wayne, Pike and Decatur townships.
“I’ve always admired the Indy Chamber’s leadership in economic and community development,” said Rick Proctor. “The Chamber’s Entrepreneur Services division has already made an impact in the small business community, and I’m eager to help the organization increase the accessibility of its financial and education resources, especially in disadvantaged communities.”
Proctor began his new role with the Indy Chamber on June 10th.