Recognized for Rapid Response Hub and Inclusive Incentive programs
Ind. (July 21, 2021)—Announced today, the Indy Chamber has been named the 2021 Chamber of the Year, presented by the Association of Chamber of Commerce Executives (ACCE). ACCE, based in Alexandria, Va., has over 1,600 chambers of commerce and related business and economic development organizations as members, representing more than 9,000 professionals in the industry. This is the organization’s first Chamber of the Year designation; awarded for the development of a Rapid Response Hub to support businesses through the global pandemic and for their Inclusive Incentives Initiative which guides local and regional economic development strategies.
Developed to immediately help small businesses navigate the uncertainty of 2020, the Indy Chamber offered low-interest rapid response loans ranging from $1,000 to $25,000 as early as March 30, 2020, emphasizing the urgency in which the staff turned around answers and assistance for small businesses—many of which were minority- and women-owned businesses.
Issuing 238 Rapid Response Loans and disbursing a total of $4.5 million, the Indy Chamber provided clear, expert answers to some of the most vulnerable businesses most urgently in need.
“We are honored to receive this recognition from our national peers,” said Michael Huber, president and CEO, Indy Chamber. “The events of the past 18 months forced so many businesses and organizations to make difficult choices, and this award is an affirmation of our decision in March 2020 to focus on the needs of small businesses in the Indy Region, and to make nearly $22 million in small business loans and grants in 2020. We thank the ACCE organization for its impactful work during the pandemic, equipping chambers of commerce with ideas and tools to help their communities.”
In 2020 the Indy Chamber’s Incentive Initiative created 4,125 new jobs and retained 4,827 jobs. To date, this innovative initiative provided $14,239,066 to companies that address systematic challenges facing Indianapolis residents. Through this economic development initiative, the Chamber removed barriers to employment and set the Indy Region on a path toward inclusive growth.
“The Indy Chamber is an organization that exemplifies excellence in service,” said Dennis Murphy, President and CEO, IU Health and President of the Indy Chamber’s Board of Directors. “That was never more apparent than during the past year in its support of Indianapolis businesses large and small. Recognition as the 2021 Chamber of the Year is a testament to how this organization continues to come alongside this community in meaningful and impactful ways.”
The 2021 Chamber of the Year award is the most prestigious and competitive recognition awarded annually by ACCE. It recognizes the leadership role chambers of commerce have in their communities. Those honored with the Chamber of the Year designation have demonstrated organizational strength and impacted key community priorities, such as education, transportation, economic prosperity, and quality of life.
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About the Indy Chamber
The Indy Chamber serves as a voice of progress and improvement in the region, uniting business and community to maintain a strong economy and quality of life. Our advocacy efforts, networking events, economic development initiatives, and other member benefits position members, business leaders, and the community for success. Indy has what it takes to be a world-class region where innovation meets performance. The Indy Chamber is here to realize that potential to its fullest.
About the Association of Chamber of Commerce Executives
Association of Chamber of Commerce Executives (ACCE) is the professional society supporting the women and men who lead local, regional, statewide and international chambers of commerce and related business and economic development organizations. Our membership includes more than 1,600 business/civic organizations worldwide. We provide our members with information resources, thought leadership, education programs, original research, benchmarking, retirement security, and access to a network of peers.