Economic Development

Economic Development

Working together with neighbors and residents, MFCDC is improving long-term economic development for Mapleton-Fall Creek. Various market studies of the neighborhood have been completed with a number of commercial nodes identified as potential sites for new commercial development. The corporation is working with many community stakeholders to both expand current businesses and attract new ones to our unique and diverse neighborhood.

Contact Doressa, 923-5514 if you are interested in Economic Development activities.

Current Happenings in MFC
The Mapleton-Fall Creek Development Corporation Economic Development Committee Meets the Second Tuesday of Every Month.
FMI, contact Doressa @ 923-5514 or stop by 130 E. 30th Street.
Mapleton-Fall Creek Networking Breakfast- Tuesday, September 14*
Local business owners are invited to join the Mapleton-Fall Creek business community for breakfast, networking, and a short education piece presented by Larry White of the Indiana Small Business Development Center.
When: Tuesday, September 14th, 7:30 - 9 a.m.
Where: Raphael Health Center, 401 E. 34th Street

Please RSVP to Doressa.
*Attendance will be capped at 50 attendees with preference given to Mapleton-Fall Creek businesses.
2011 Commercial Façade Grant Application Available*
If you are thinking of renovating the façade of your commercial building this rebate could help fund your investment. Building owners and tenants (with owner’s approval) can apply. Let Indianapolis partners match your out of pocket expenses 50/50, up to $20,000. For more information or to apply click here.
*2011 funding applications will be available starting September 2010.

Indianapolis Small Business Resources

U.S. Small Business Administration

Counseling and workshops are provided by this federal agency.

Contact:

Indiana District Office

8500 Keystone Crossing, Suite 400

Indianapolis, IN 46240

(317) 226-7272

(317) 226-7272, Ext. 120, Paul Wyatt

www.sba.gov/in

Indiana Small Business Development Center (ISBDC)

Consulting, training, and business information is provided to existing small businesses and new businesses. Free and low-cost services.

Contact:

Central Indiana SBDC

9301 E. 59th Street, Room F147

Indianapolis, IN 46216

(317) 223-7232

www.isbdc.org

Business Ownership Initiative of Indiana and the Central Indiana Women's Business Center

Training and business information for women and minority owned businesses with fewer than five (5) employees. Low-cost workshops and counseling services.

Contact:

4755 Kingsway Dr., Suite 314

Indianapolis, IN 46205

(317) 917-3266

www.nsibiz.org

SCORE (Councelors to America's Small Business)

Business counseling sessions provided by persons who have had successful business careers.

Contact:

8500 Keystone Crossing, Suite 401

Indianapolis, IN 46240

(317) 226-7264

www.indyscore.org

Indianapolis Marion County Public Library

Numerous small business books, audio, and DVDs. Search online databases. Free to library cardholders.

Contact:

40 East St. Clair Street

Indianapolis, IN 46204

(317) 275-4100

www.imcpl.org

Economic Opportunities for Low to Very Low Income Persons

Section 3 Certification

The Section 3 program requires that recipients of certain federal financial assistance, to the greatest extent possible, provide job training, employment, and contract opportunities for low or very low income residents in conection with projects and activities in their neighborhoods. If you live in government-assisted housing or if your household income falls below HUD's income limits, you may qualify as a Section 3 resident or Section 3 business concern.

You may be a Section 3 resident if you are a...

Public housing resident including persons with disabilities.
Low and very low income person who lives in the Indianapolis metropolitan area.

You may be a Section 3 business if your business...

Is owned by Section 3 residents
Employs Section 3 residents
Subcontracts with businesses taht provide opportunities to low and very low income persons.

Learn more here

or to request an application here.

Economic Opportunities for Minority, Women, and Veteran Owned Businesses (MBE, WBE, DBE, VBE)

Minority Business Enterprise (MBE)

A business owned and controlled by at least 51% minority member(s). Minority group members are citizens or Permanent Residents of the U.S. who are Black, Hispanic, Asian Pacific Islanders, American Indianas, or Alaskan Natives.

Women Business Enterprise (WBE)

A business that is at least 51% owned and controlled by a woman or women who are citizens or Permanent Residents of the U.S.

Disadvantaged Business Enterprise (DBE)

A business that is at least 51% percent owned and controlled by socially and economically disadvantaged individual(s).

Veteran Business Enterprise (VBE)

Any firm currently certified by the Department of Veterans Affairs as a Veteran Owned Business is eligible.

Certifications:

State of Indiana

(MBE, WBE, DBE)

City of Indianapolis

(MBE, WBE, DBE, VBE)

Indiana Minority Supplier Development Council

(MBE)