TLDR:
- Indiana Economic Development Corporation (IEDC) is offering more resources to support entrepreneurs and small businesses in the state.
- Resources include the U.S. SBA’s Seed Fund Road Tour, technical assistance program, and the expanded Venture Capital Investment tax credit program.
The Indiana Economic Development Corporation (IEDC) has announced additional resources to assist entrepreneurs and small businesses in the state, aiming to further boost the growth of Indiana’s innovation and entrepreneurial ecosystem. Secretary of Commerce David Rosenberg highlighted Indiana as one of the top destinations to start a business and emphasized the importance of providing funding opportunities and resources for the success of Hoosier entrepreneurs and small businesses.
One of the resources available is the U.S. Small Business Administration’s Seed Fund Road Tour, where Hoosier entrepreneurs can learn about non-dilutive technology funding opportunities. Additionally, Indiana’s technical assistance program, funded through the State Small Business Credit Initiative (SSBCI), helps entrepreneurs access and apply for funding opportunities and offers support in managing received capital, including SSBCI loans through the Legend Fund.
The state’s recently expanded Venture Capital Investment (VCI) tax credit program aims to incentivize investors to support startups and fast-growing companies by providing additional incentives for investments. Indiana approved its first investment fund, Paragraph in Bloomington, for the VCI program, opening up opportunities for investors to earn tax credits on capital invested in the fund.
These resources and programs are intended to strengthen Indiana’s entrepreneurial ecosystem, supporting innovators in starting and growing successful businesses in the state.
