Business Development

Tax Increment Financing (TIF) funding improved Ludlow Street as part the relocation and expansion of McNamara Florist

Tax Increment Financing (TIF) funding improved Ludlow Street as part the relocation and expansion of McNamara Florist

 
 

Together we can...

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 Electronic, Chrysler, Navistar, Carrier and most recently Rexonard.   These closures create a rippled effect on local small business that support large 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, expedited permitting, compatabile zoning, truck access, new road and utlity infrastructure, new plant facitilies and sense of place in suburban communities.. 

The North Mass district is 500 acres along Mass Avenue and I-70 from downtown to Sherman Drive. This area is one of several startegic industrial districts in the City of Indianapolis with key infrastructure in place supporting existing business expansion and new business development focusing on B2B, products, startups and the artisian/maker movement through ther RUCKUS Makerspace

Lead by Riley Area Development Corporation and funded LISC Indianapolis, we advovate for local, state and federal resources, working together with the over 75 small business 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 BuildIN Fund

Development Strategies unique to business growth including permitting assistance and tax incentives through Develop Indy

Contact Mark Carter, North Mass Industrial Program Manager for details.