Entrepreneurs and small businesses are the backbone of Radius Indiana’s eight-county regional economy. The Indiana Small Business Development Center reports that as of December 2017 the Radius Region is home to 9,323 small businesses, or 2 percent of Indiana’s total number of small businesses.
Radius Indiana is focused on helping startup businesses succeed and connecting entrepreneurs with key resources they need to make their business goals a reality. Our region also features established centers for coworking at WestGate@Crane Technology Park located just outside the Crane Navy Base, at StoneGate Arts & Education Center in Bedford, and at Current Blend in Huntingburg.
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 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.
INBiz is a best-in-class portal for Indiana businesses and entrepreneurs that provides a streamlined and expedited process for your business needs. Starting with the Indiana Office of the Secretary of State, Department of Workforce Development and the Department of Revenue, INBiz will eventually add additional state agencies with significant business interactions.
Elevate Ventures exists to create sustainable cultures and infrastructure across Indiana that support the ongoing development and success 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.
Gayle & Bill Cook Center for Entrepreneurship Ivy Tech Community College Bloomington is an academic program for students who want to start a business upon graduation as well as high-level consulting for people from south central Indiana who are starting or growing a business and outreach programs for entrepreneurs in communities around south central Indiana looking to grow their small business base.
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 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.