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Regional Impact Fund

Businesses in the Radius Indiana region benefit from the Regional Impact Fund (RIF), which supports area growth and expansion efforts. The RIF is a sub-organization of Radius Indiana with a sole purpose of making investments in public and private organizations that advance regional economic development strategies. The RIF is a deal-closing fund that makes such investments in the form of grants, loans, equity investments, or other such vehicles deemed to be in the best interests of Southern Indiana. The RIF gives high priority to projects that include job creation, site development and expansion. In 2017, the RIF distributed more than $1 million to area businesses. For example, the RIF recently supported BrightVolt, an ultra-thin, solid state, lithium-ion battery development and manufacturer.

Indiana Economic Development Corporation oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment.

Indiana Small Business Development Center (ISBDC) provides one-on-one business advising at no cost to clients and connects entrepreneurs with sources of business capital. Provides businesses with market research and industry data, and introduces entrepreneurs to reliable resource partners.

Elevate Ventures exists to create sustainable cultures and infrastructure across Indiana that support the ongoing development and sucess of entrepreneurs. Our vision is to be regarded as a critical guide, resource and community catalyst for developing high-performing and high-growth businesses based in Indiana.

Indiana Procurement Technical Assistance Center (PTAC) is a part of the Indiana Office of Small Business and Entrepreneurship (OSBE), a state agency existing under the management of the Lieutenant Governor’s office. IN PTAC’s primary mission is to help Hoosier small businesses identify, compete for, and win government contracts.

NSWC Crane Small Business Program creates and delivers small business options for the warfare center. It is the policy of the Government to provide maximum practicable opportunities in its acquisitions to small business, veteran-owned small business, service-disabled veteran-owned small business, HUBZone small business, small disadvantaged business, and women-owned small business concerns.

NSWC Crane Technology Transfer (T2) Program seeks to license and collaborate with local individuals, companies and academic institutions for the purpose of transferring government protected innovations for commercialization, ultimately spurring economic development and transfer back into the federal government.

Purdue University Manufacturing Extension Partnership (MEP) provides high-value, affordable solutions to help businesses increase profitability. As advocates for Indiana’s thousands of manufacturers, MEP leverages resources in both the public and private sectors to help identify areas of improvement, streamline processes, and ultimately increase competitiveness.

Center for Applied Research (CAR) at the University of Southern Indiana (USI) serves as a solutions provider for local businesses, entrepreneurs, nonprofits and government agencies. CAR’s services include facilitatxion, technology commercialization, prototyping and fabrication, short-run production work, product testing and research, environmental studies and analysis and strategic planning of local and regional economic development initiatives.

WestGate@Crane Technology Park is adjacent to NSWC Crane and partners with a variety of organizations and businesses such as local and state economic development corporations, NSWC-Crane Division, I-69 Innovation Corridor, Indiana Office of Defense Development, and WorkOne. Real estate and office space is available at WestGate@Crane Tech Park, as well as EastGate Technology & Business Center (Bedford, IN), offering ideal locations for businesses to grow and thrive.

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