Resources

Radius Indiana works closely with regional groups to provide business resources to business and employees to help ensure that our region is taking advantage of the support that is offered, both locally and state-wide. Radius Indiana is focused on helping startup businesses succeed and connecting entrepreneurs with key resources they need to make their business goals a reality.

 

COVID-19

Paycheck Protection Program

PPP Borrower Information Fact Sheet

PPP — Overview

Borrower Paycheck Protection Program Application

Small Business Emergency Relief – Handout

SBA Lenders – SW Indiana list

Corona Virus Emergency Fund

 

#INThisTogether

 

Small Business Administration 

Disaster Loan Assistance

Guidance and Resources

Quick Guide to Paycheck Protection Program & Economic Injury Disaster Loan

 

Small Business Training Courses

HP Life – Free Courses

SBA Learning Center

Grow with Google – Work, teach, and learn from anywhere

 

Social Distancing / Life During COVID-19

70+ Places You Can Get Outdoors While Social Distancing in Indiana

 

Indiana Office of Community and Rural Affairs

COVID-19 Response Program : COVID-19 Response Program was created to address the immediate impacts of COVID-19 on Indiana’s rural communities. Funds are derived from the State’s annual Community Development Block Grant (CDBG) allocation and guidance was provided by the U.S. Department of Housing and Urban Development (HUD) on how the funds were to be used.

  • Activities are should be immediate, within the next three months;
  • Long-Term Recovery phase is coming in the near future.

This program is available to our Indiana communities for the purpose of addressing the impact the virus is having throughout the state.  Communities may apply for up to $250,000 in funds.  Below are examples of what the funds could be utilized for:

  • Small business job retention (up to 500 employees) – could include operating expenses, payroll, etc.
  • Converting facilities or building of facilities dedicated to medical assistance, testing
  • Food and shelter assistance
  • Transportation services for those without transportation or those unable to leave their homes

OCRA COVID-19 Powerpoint from Webinar

Video of OCRA COVID-19 Webinar

 

Crawford County

Crawford County – Rapid Relief Fund

 

Family Resources

Food Assistance Availability Map

Workforce and Training

Workforce By The Numbers

  • 105,633 person workforce
  • 21,282 people employed in the manufacturing industry
  • 4th highest concentration of STEM professionals
  • Average wage in Indiana: $45,200

 

Training

Radius Indiana’s Workforce and Education Advisory Council works closely with regional business and government leaders to proactively meet the needs of employers and address the training and education needs of our region. We coordinate with local and regional programs, the Indiana Department of Workforce Development and our counties’ WorkOne Offices to solve the workforce challenges of the rapidly changing economy.

 

Indiana Department of Workforce Development
Developing a premier workforce that will allow Indiana employers to flourish and entice businesses from outside our state to relocate to Indiana.

WorkOne
The WorkOne Center is the heart of the workforce development system. It’s where WorkOne staff help you find a  new or better job, choose a career, access training or get the information needed to succeed in today’s job market.

Career and Technical Education
Today’s cutting-edge, rigorous and relevant Career and Technical Education (CTE) prepares youth and adults for a wide range of high-wage, high-skill, high-demand careers. The mission of Career and Technical Education (CTE) in Indiana is to ensure an education system of high quality and equity for the academic achievement and career preparation of all Indiana students. Students in Indiana’s secondary CTE programs will gain the knowledge, skills and abilities needed for success in postsecondary education and economically viable career opportunities.

Jobs for America’s Graduates
Jobs for America’s Graduates (JAG) is a state-based, national non-profit organization dedicated to preventing high school dropouts among young people who are most at-risk. JAG’s mission is to keep young people in school through graduation and provide work-based learning experiences that will lead to career advancement opportunities, or to enroll in a postsecondary institution that leads to a rewarding career.
JAG students receive adult mentoring while in school and one year of follow-up counseling after graduation. Indiana’s program consistently graduates approximately 90 percent of participants and many students choose to continue their education after high school. The JAG program is funded through grants provided by the Indiana Department of Workforce Development.

Regional Opportunity Initiatives, Inc. CAREER AND GRADUATION COACHES
The graduation and career-coaching program through Southwest Central Indiana’s Regional Opportunity Initiatives, Inc. is aimed at improving graduation rates and preparing students for pathways into technical certifications, associate degrees, and other postsecondary degree programs. Coaches will work with students to create individualized high school completion plans, develop opportunities for students to experience and participate in work-based learning initiatives, and develop postsecondary plans. They will also help ensure students attend school, arrive on time, fulfill academic requirements and graduate with a high school diploma.

Hire Technology
In 2012, after more than a year of development with Indiana manufacturing and logistics companies large and small, Ivy Tech Community College, APICS, and the Indiana Department of Education, Conexus Indiana launched Hire Technology. Born of a need for a workforce well versed in advanced manufacturing and logistics (AML) concepts and processes, Hire Technology has become the standard high-school AML curriculum in Indiana.

Hire Technology is offered at high schools and career centers across the state and is designed to prepare students to enter the work force at a middle-skill level right after high school, or give them a jump start on their post-secondary AML studies. Regardless, the results are the same: an emerging workforce that understands the concepts of safety, quality, process improvement, basic lean theory, and the technology prevalent in today’s AML facilities.

Conexus Interns
Through grant funding provided by the State of Indiana and the Lilly Endowment, Conexus launched Conexus Interns, a high-school internship program for 111 promising advanced manufacturing and logistics (AML) students across 21 Central Indiana Hoosier counties. The program will be available statewide in 2016. Conexus Interns serves as a bridge, helping students transition from the world of high school to the world of work, and provides the final push in turning students into employees.

Internships take place in June and July and generally last 6 weeks. Interns are immersed in a manufacturing or logistics environment where they serve as employees of a local AML company. Students learn the ins and outs of AML operations including manufacturing processes, quality tools, inventory management, and much more. In addition, each cohort of interns attends two Conexus Interns Summits to make connections, take part in leadership and problem-solving activities, and prepare for opportunities after high school.

Youth First, Inc.
Youth First exists to transform and strengthen the lives of young people and their families. We are the only organization that provides Masters level social workers in area schools and prevention programs for families and youths. On-site, free of charge behavioral health services and programs prevent substance abuse, improve family relationships and develop life skills.

Proof of our results can be witnessed through independent evaluations with measurable outcomes and by testimonials from those who have been touched by our programs. Those who engage with us will benefit by being part of a better, stronger, healthier community in which to live, work and raise a family.

College Success Coalition
Learn More Indiana’s College Success Coalition is a network of state and local organizations working to increase college access and success across the state of Indiana. Coalitions include county-level networks composed of local organizations that work together to plan and implement efforts supporting students of all ages in completing education and training beyond high school.

Member organizations include local businesses, government, colleges, schools, community groups, youth-serving organizations, service clubs, community foundations, faith-based organizations and more. All organizations implement small or large college and career planning activities designed to help students take the necessary steps to get into and succeed in college.

Creating Entrepreneurial Opportunities
CEO Luncheon “Creating Entrepreneurial Opportunities” is a program that develops high school students drive to return to their hometowns and start businesses after finishing their education. As part of the program students are partnered with local businesses as “investors” who offer their advice, skills and expertise.

The CEO program is much more than a textbook course. Rather, students are immersed in real life learning experiences with the opportunity to take risks, manage the results, and learn from the outcomes.

Career Advancement Partnership
The Vincennes University Jasper Campus and local manufacturing companies are pleased to announce a new major workforce development initiative – the Career Advancement Partnership (CAP). The partnership enhances an associate degree program in technical maintenance in which students will be employed part-time and enrolled at VUJC full-time. Graduates of this program are in high demand locally and across Indiana. The Career Advancement Partnership (CAP) program includes a two-year degree in General Technology that combines cutting-edge curriculum, paid work experience, along with learning technical skills which are highly sought by leading manufacturing partners.

Advanced Manufacturing Program
The Advanced Manufacturing Program (AMP) is a partnership of south central Indiana employers, community organizations, educators, and local government to provide training that will elevate the skills of the region’s workforce. AMP participants will become Certified Production Technicians (CPTs) with certification in Safety; Quality Practices & Measurement; Manufacturing Processes & Production; Maintenance Awareness. Soft-skills training, interview techniques, resume building, and exposure to local manufacturers are also part of the program.

Indiana INTERN-net
Indiana INTERNnet is a free internship-matching program linking employers, students, high schools, colleges and universities. It is a dynamic, searchable database, matching and reporting system coupled with personal assistance—including a toll-free hotline to answer questions and provide internship guidance and resource materials. The goal is to help create or expand high-quality experiential opportunities within Indiana.

Business Development Assistance

Businesses in the Radius Indiana region benefit from the Regional Impact Fund (RIF), which supports area growth and expansion efforts. The RIF is a sub-organization of Radius Indiana with a sole purpose of making investments in public and private organizations that advance regional economic development strategies. The RIF is a deal-closing fund that makes such investments in the form of grants, loans, equity investments, or other such vehicles deemed to be in the best interests of Southern Indiana. The RIF gives high priority to projects that include job creation, site development and expansion. In 2017, the RIF distributed more than $1 million to area businesses. For example, the RIF recently supported BrightVolt, an ultra-thin, solid state, lithium-ion battery development and manufacturer.

Indiana Economic Development Corporation oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment.

Indiana Small Business Development Center (ISBDC) provides one-on-one business advising at no cost to clients and connects entrepreneurs with sources of business capital. Provides businesses with market research and industry data, and introduces entrepreneurs to reliable resource partners.

Elevate Ventures exists to create sustainable cultures and infrastructure across Indiana that support the ongoing development and sucess of entrepreneurs. Our vision is to be regarded as a critical guide, resource and community catalyst for developing high-performing and high-growth businesses based in Indiana.

Indiana Procurement Technical Assistance Center (PTAC)  is a part of the Indiana Office of Defense Development within the Indiana Economic Development Corporation. PTAC provides procurement technical assistance to help private companies sell products or services to the appropriate government agency by offering confidential counseling services and workshops at no cost. The core of PTAC’s procurement assistance program is insightful counseling and education.

NSWC Crane Small Business Program creates and delivers small business options for the warfare center. It is the policy of the Government to provide maximum practicable opportunities in its acquisitions to small business, veteran-owned small business, service-disabled veteran-owned small business, HUBZone small business, small disadvantaged business, and women-owned small business concerns.

NSWC Crane Technology Transfer (T2) Program seeks to license and collaborate with local individuals, companies and academic institutions for the purpose of transferring government protected innovations for commercialization, ultimately spurring economic development and transfer back into the federal government.

Purdue University Manufacturing Extension Partnership (MEP) provides high-value, affordable solutions to help businesses increase profitability. As advocates for Indiana’s thousands of manufacturers, MEP leverages resources in both the public and private sectors to help identify areas of improvement, streamline processes, and ultimately increase competitiveness.

Center for Applied Research (CAR) at the University of Southern Indiana (USI) serves as a solutions provider for local businesses, entrepreneurs, nonprofits and government agencies. CAR’s services include facilitatxion, technology commercialization, prototyping and fabrication, short-run production work, product testing and research, environmental studies and analysis and strategic planning of local and regional economic development initiatives.

WestGate@Crane Technology Park is adjacent to NSWC Crane and partners with a variety of organizations and businesses such as local and state economic development corporations, NSWC-Crane Division, I-69 Innovation Corridor, Indiana Office of Defense Development, and WorkOne. Real estate and office space is available at WestGate@Crane Tech Park, as well as EastGate Technology & Business Center (Bedford, IN), offering ideal locations for businesses to grow and thrive.

Entrepreneurship and Crowdfunding

Entrepreneurs and small businesses are the backbone of Radius Indiana’s eight-county regional economy. The Indiana Small Business Development Center reports that as of December 2017 the Radius Region is home to 9,323 small businesses, or 2 percent of Indiana’s total number of small businesses.

Radius Indiana is focused on helping startup businesses succeed and connecting entrepreneurs with key resources they need to make their business goals a reality. Our region also features established centers for coworking at WestGate@Crane Technology Park located just outside the Crane Navy Base, at StoneGate Arts & Education Center in Bedford, at The Open Desk in Linton and at Current Blend in Huntingburg.

 

Businesses in the Radius Indiana region benefit from the Regional Impact Fund (RIF), which supports area growth and expansion efforts. The RIF is a sub-organization of Radius Indiana with a sole purpose of making investments in public and private organizations that advance regional economic development strategies. The RIF is a deal-closing fund that makes such investments in the form of grants, loans, equity investments, or other such vehicles deemed to be in the best interests of Southern Indiana. The RIF gives high priority to projects that include job creation, site development and expansion. In 2017, the RIF distributed more than $1 million to area businesses. For example, the RIF recently supported BrightVolt, an ultra-thin, solid state, lithium-ion battery development and manufacturer.

Indiana Economic Development Corporation oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment.

Indiana Small Business Development Center (ISBDC) provides one-on-one business advising at no cost to clients and connects entrepreneurs with sources of business capital. Provides businesses with market research and industry data, and introduces entrepreneurs to reliable resource partners.

INBiz is a best-in-class portal for Indiana businesses and entrepreneurs that provides a streamlined and expedited process for your business needs. Starting with the Indiana Office of the Secretary of State, Department of Workforce Development and the Department of Revenue, INBiz will eventually add additional state agencies with significant business interactions.

Elevate Ventures exists to create sustainable cultures and infrastructure across Indiana that support the ongoing development and success of entrepreneurs. Our vision is to be regarded as a critical guide, resource and community catalyst for developing high-performing and high-growth businesses based in Indiana.

Gayle & Bill Cook Center for Entrepreneurship Ivy Tech Community College Bloomington is an academic program for students who want to start a business upon graduation as well as high-level consulting for people from south central Indiana who are starting or growing a business and outreach programs for entrepreneurs in communities around south central Indiana looking to grow their small business base.

Indiana Procurement Technical Assistance Center (PTAC) is a part of the Indiana Office of Small Business and Entrepreneurship (OSBE), a state agency existing under the management of the Lieutenant Governor’s office. IN PTAC’s primary mission is to help Hoosier small businesses identify, compete for, and win government contracts.

NSWC Crane Technology Transfer (T2) Program seeks to license and collaborate with local individuals, companies and academic institutions for the purpose of transferring government protected innovations for commercialization, ultimately spurring economic development and transfer back into the federal government.

Purdue University Manufacturing Extension Partnership (MEP) provides high-value, affordable solutions to help businesses increase profitability. As advocates for Indiana’s thousands of manufacturers, MEP leverages resources in both the public and private sectors to help identify areas of improvement, streamline processes, and ultimately increase competitiveness.

Center for Applied Research (CAR) at the University of Southern Indiana (USI) serves as a solutions provider for local businesses, entrepreneurs, nonprofits and government agencies. CAR’s services include facilitatxion, technology commercialization, prototyping and fabrication, short-run production work, product testing and research, environmental studies and analysis and strategic planning of local and regional economic development initiatives.

Tax and Incentives

Local Business Incentives

Radius Indiana and local economic development organizations work directly with businesses to provide information about local incentives.

Regional Impact Fund

Businesses in the Radius Indiana region benefit from the Regional Impact Fund (RIF), which supports area growth and expansion efforts. The RIF is a sub-organization of Radius Indiana with a sole purpose of making investments in public and private organizations that advance regional economic development strategies. The RIF is a deal-closing fund that makes such investments in the form of grants, loans, equity investments, or other such vehicles deemed to be in the best interests of Southern Indiana. The RIF gives high priority to projects that include job creation, site development and expansion. So far in 2017, the RIF has committed more than $1 million to area businesses. For example, the RIF recently supported BrightVolt, an ultra-thin, solid state, lithium-ion battery development and manufacturer.

Tax Abatement

Tax abatement is offered by local government in south central Indiana to attract private investment and job creation.

Click here to link to our partner Hoosier Energy’s tax abatement estimator, which will allow you to estimate the value of a potential tax abatement in your investment.

Abatement exempts from property tax all or part of the new assessed value or the increased assessed value of a new investment.

The exemption is for between 1 and 10 years.

In most cases, tax abatement reduces the owner’s property tax bill by about 50 percent over the full abatement period.

Tax abatement can be granted on:

  • Real property
  • Personal property
  • New construction (only to the increase in assessed value attributed to the new construction)
  • Property rehabilitation (only to the increase in assessed value attributed to the rehabilitation)
  • Any new or used manufacturing equipment that has not previously been taxed in Indiana.
  • Personal property such as laboratory equipment and computers used in experimental research and development laboratories.

Tax Increment Finance

Tax Increment Finance (TIF) is another tool used by local governments to help offset the cost of business growth.

Business Incentives

Business incentives help make Southern Indiana an enticing place for your business to locate. Incentives include state tax credits and specialized local opportunities. Our regional and local economic development professionals will guide you through the possibilities and make sure your business receives every incentive it needs.

Federal Tax Credits

New Market Tax Credit

Numerous communities in the Radius region are eligible for use of the NMTC, which can contribute more than 20% of the project cost for projects greater than $7 million. Click here for a map of NMTC communities.

State Tax Credits

EDGE Tax Credit

  • Refundable credit
  • Calculated as a percentage of the expected increase in tax withholdings generated from new jobs created
  • Phased in annually for up to 10 years, based on employment ramp-up outlined by the business
  • Used in the Radius region in 2018

HBI Tax Credit

  • Non-refundable credit
  • Calculated as a percentage of eligible capital investment to support the project
  • Phased in annually over 2 full calendar years from the project start
  • May carry forward up to 9 years

Industrial Recovery Tax Credit

  • For companies investing in vacant or underutilized buildings designated as industrial recovery sites (buildings that require significant rehabilitation or remodeling)
  • Calculated as a percentage of qualified rehabilitation expenses
  • Used in the Radius region in 2018

Headquarters Relocation Tax Credit

  • For a business relocating its corporate headquarters to Indiana
  • Credit of up to 50% of the cost incurred to relocate the headquarters
  • The company must have global annual revenue of at least $100 million and employ at least 75 Indiana residents

Venture Capital Investment Tax Credit (VCI) 

  • Non-refundable
  • For qualified applicants who invest in qualified Indiana businesses
  • Credit equal to $1 million or 20% of the qualified investment, whichever is less

Research and Development Tax Credit

  • Income tax credit of 15% of qualified research expenses on the first $1 million of investment
  • Credit eligibility is based on the increase in the company’s R&D expenditures in Indiana over the prior 3 years: Year 1 research expenses must have been at least half of the amount of year 3 (current year) research expenses
  • May be carried forward 10 years
  • No carry back
  • Non-refundable
  • Program operates under the Indiana Department of Revenue
  • Uses the Internal Revenue Code definition of “qualified research expense” (which includes the cost of wages and supplies)

Patent Income Exemption

  • Available only to companies with 500 or fewer employees
  • Exemption from certain income derived from qualified utility and plant patents
  • 10 years of exemptions
  • Exemption may not exceed $5 million per year

Connect with NSA Crane

The Radius Indiana region is home to Naval Support Activity Crane. NSA Crane is the third largest naval installation in the world and makes defense a huge economic driver for Southern Indiana. Radius Indiana serves as the voice for Crane outside the gates and assists with growing the private defense sector and connecting Crane with community, regional and state leadership. With direct access to Crane, defense industry companies can connect directly with decision makers.

Major Tenants:

Naval Surface Warfare Center, Crane Division (NSWC Crane) NSWC Crane’s total focus is to support the Warfighter by leveraging its technical capabilities for the rapidly changing combat environment. Anchored by technical expertise, a strong work ethic and total lifecycle leadership, NSWC Crane’s personnel and preeminent facilities set the standard for excellence in acquisition, engineering and sustainment. NSWC Crane provides comprehensive support for complex military systems spanning design, development, deployment and sustainment in three focus areas:  Electronic Warfare, Strategic Missions and Expeditionary Warfare.

Crane Army Ammunition Activity Established October 1977, Crane Army Ammunition Activity maintains ordnance professionals and infrastructure in order to receive, store, ship, produce, renovate and demilitarize conventional ammunition, missiles and related components. It is located on Naval Support Activity, Crane.

Resources:

Technology Transfer NSWC Crane’s patent portfolio is a part of Crane’s Technology Transfer (T2) program. T2 seeks to license and collaborate with local individuals, companies and academic institutions for the purpose of transferring government protected innovations for commercialization, ultimately spurring economic development and transfer back into the federal government.

NSWC Crane Small Business Program creates and delivers small business options for the warfare center. It is the policy of the Government to provide maximum practicable opportunities in its acquisitions to small business, veteran-owned small business, service-disabled veteran-owned small business, HUBZone small business, small disadvantaged business, and women-owned small business concerns.

WestGate@Crane Technology Park is adjacent to NSA Crane and partners with a variety of organizations and business’s such as local and state economic development corporations, NSWC-Crane Division, I-69 Innovation Corridor, Indiana Office of Defense Development, and WorkOne. Real estate and office space is available at WestGate@Crane Technology Park, as well as EastGate Technology & Business Center (Bedford, IN), offering ideal locations for businesses to grow and thrive.

Requests for Proposal

There are currently no requests for proposals available.