Indiana Gov. Eric Holcomb on Wednesday provided updates on the state’s efforts to support Indiana small businesses and entrepreneurs, announcing a new partnership with Indiana Black Expo (IBE) to increase access to economic and workforce recovery programs for minority employers and encouraging small business owners to apply for funding available through state and federal programs.
“As a state, we’re committed to ensuring that our businesses and our people have access to vital economic and workforce assistance during this unprecedented time,” Holcomb said. “Launching this new partnership with Indiana Black Expo will expand the state’s capacity to provide critical COVID-19 resources to minority businesses and workers, while further positioning Indiana for long-term, sustainable economic recovery.”
Gov. Holcomb approved $500,000 in federal funding made available through the CARES Act to support minority-owned businesses and entrepreneurs and communities negatively affected by COVID-19. The funding will enable IBE, a statewide nonprofit organization committed to the social and economic advancement of Indiana communities, to launch a targeted, statewide promotional campaign and develop community outreach programs to raise awareness of available resources and funding, enhancing participation in critical economic and workforce recovery programs.
Through this new partnership, IBE will also provide direct technical support to employers by connecting minority-owned businesses and minority Hoosiers with critical COVID-19 resources; developing educational initiatives, including a webinar series for minority business owners; and increasing collaborative partnerships with existing state resources, such as the Indiana Small Business Development Center (Indiana SBDC) and Next Level Jobs, to offer training and counseling services.
Through these efforts, and by leveraging IBE’s 12 chapter affiliates and extensive network of African-American Hoosiers across the state, this partnership aims to increase awareness and utilization of available funding and resources among minority businesses and workers to ensure recovery initiatives are inclusive across Indiana. IBE’s efforts will focus on ensuring a long-term, sustainable economic recovery, providing resources to enable immediate relief while also working to foster long-term business growth by encouraging and supporting minority small businesses, entrepreneurs and startups.
”COVID-19 is devastating our communities and the result is an uneven economic impact on African-Americans,” said Tanya Mckinzie, president and CEO of IBE. “IBE is looking forward to partnering with the state to ensure that the African American community and minority-owned businesses are accessing the state’s economic and workforce recovery opportunities and are receiving tools and resources necessary to stay afloat during and after this pandemic.”