Since 2005, Indianapolis has lost over 20,000 manufacutring jobs mostly in Center Township. Many of the these job losses are from the closure of large facilities like the GM Stamping Plant, RCA/Thompson Consumer Electronics, Chrysler, Navistar, Carrier and most recently Rexonard. These closures create a rippled effect on many local small business that supported these larger manufacturers with machines, sub-assembly products, and services.
Many other small manufactures are relocating to newer green field industrial parks attracted by the benefits of land, lower taxes, low crime, expedited permitting, compatabile zoning, truck access, new road and utlity infrastructure, new plant facitilies and sense of place in these suburban communities..
The North Mass district is 500 acres along Mass Avenue and I-70 from downtown northeast to Sherman Drive. This area is one of several startegic industrial nodes in the City of Indianapolis where key infrastructure is in place supporting existing business expansion and new business development focusing on B2B, products, startups and the artisian/maker movement through the RUCKUS Makerspace.
Lead by Riley Area Development Corporation and funded by LISC and the City of Indianapolis, we advocate for local, state, and federal resources working together with over 75 small businesses and small scale manufacturers in North Mass.
Incentives are available on a compeitive and ongoing basis:
Facade Grants from LISC
Capital Improvment Program Grants for the City of Indianapolis HUD CDBG Program
Technical Assistance from the SBA, SCORE, the Indiana Small Business Development Center (ISBDC) and BOI.
Incentivized Lending Programs and Project Support from the IndyEast Promise Zone and the Build Fund
Development Strategies unique to business growth including permitting assistance and tax incentives through Develop Indy.
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