- March 15, 2021
- BY Radius Indiana
Radius Indiana introduces small-scale manufacturing program to the region
BEDFORD, Ind. (March 15, 2021) — Radius Indiana and South Central Indiana Small Business Development Center will introduce a program focused on bringing small-scale manufacturing to downtown areas in the Radius region.
Recast City is a national economic development program aimed at building strong local economies and creating new opportunities for community members. The Town of Orleans, Town of Odon, City of Washington, City of Salem, and City of Loogootee will participate in a 12-month Recast City cohort beginning March 16 to learn about downtown revitalization.
“The Town of Orleans has a beautiful Town Square with several buildings that are empty, and with the Recast programs’ leadership, we hope to find a suitable match with a potential small manufacturing client,” said James Clark, president of the Orleans Town Council. “We look forward to seeing the opportunities and growth Recast City brings to the community.”
The program is made available through cost sharing between Radius and Indiana SBDC. The Indiana SBDC funding is made possible by the Small Business Administration and comes from the Coronavirus Aid, Relief, and Economic Security Act, which provides financial relief to small businesses affected by the impacts of COVID-19.
In small-scale manufacturing, a community of businesses works together to produce tangible products that may be sold to customers. The program is aligned to assets in each community, which can support enterprises from a microbrewery, to coffee roastery, to candle making. The program will impact a minimum of four enterprises as the communities implement their strategy to have a small-scale manufacturer in their downtown areas.
According to the SBA, over 99 percent of businesses in Indiana are considered small businesses, and 1.2 million jobs are supported by small businesses.
The Radius region is home to over 6,000 small businesses, approximately 80 percent of all businesses in the eight counties. Small businesses employ over 35,000 workers, accounting for 40 percent of the region’s jobs.
“The Recast City program demonstrates the resiliency that exists within each of the communities in the Radius region,” said Keeley Stingel, vice president of talent attraction and retention for Radius Indiana. “Rural communities are often left out of economic recoveries, and this program is a ‘pull yourself up by your bootstraps’ approach that shows that when we all work together, economic prosperity is possible. We’re excited to see the resulting business enterprises in downtowns throughout the region.”
To learn more about Recast City, visit www.recastcity.com.
About Radius Indiana: Radius Indiana is a regional economic development partnership representing eight counties in Southern Indiana: Crawford, Daviess, Dubois, Greene, Lawrence, Martin, Orange, and Washington. Formed in 2009, Radius Indiana also serves as a point of contact in Indiana for Naval Support Activity Crane and leads regional collaboration by leveraging the diverse assets of Southwest Central Indiana to drive attraction, retention and expansion of business, thereby increasing employment and investment opportunities and quality of life within the region.