Description:
A new funding source established by the Indiana General Assembly, this grant fund provides assistance to Certified Technology Parks for capital expenditures and operational expenses incurred by the Park’s redevelopment commission. During the life of the Certified Technology Park, funding may be awarded in an amount up to $2 million for leasing, construction or the purchase of capital assets and $2 million for operating expenses, with not more than $500,000 distributed in any one fiscal year.

Eligibility:
Recognition as a Certified Technology Park must be applied for and is granted by the Indiana Department of Commerce to business districts identified as high-technology areas.

How to Apply:
First meet with state and local economic development representatives to initiate application process. If project is located within a Certified Technology Park work closely with the local redevelopment commission and Department of Commerce to pursue funding. Call us at 1-317-236-6262 or 1-877-236-4332, or email us at indy@indypartnership.com to get started.