What do a systems engineer, an illustrator, and a fitness coach have in common?
These are all jobs that the Build Fund Ouhas helped create.
As the only Community Development Financial Institution (CDFI) solely devoted to supporting economic development in Indianapolis, the Build Fund connects businesses to flexible, affordable, and responsible funding. These businesses, in turn, commit to creating jobs. On average, Build Fund’s borrowers have created on 14 jobs each, or one job for every $25,000 borrowed.
Build Fund not only helps to revitalize underserved areas and drive growth in our communities, but its investment stays in Indianapolis. As borrowers repay loans, their payments are used to fund new investments and create even more job opportunities across the city.
Businesses can use the funds to buy a property, expand at its current location, or purchase equipment. Many businesses have a greater impact on the community than just creating jobs, too. Several businesses have used Build Fund loans to revitalize brownfield properties or renovate vacant properties. The impact on neighborhoods can be truly transformative.
In less than 3 years, the Build Fund’s clients have created 126 jobs. That’s 126 people who can provide for themselves and their families, like Erin at Cannon Ball Brewing Company. Each job created with the help of the Build Fund is a success story and a step toward growing and revitalizing Indianapolis.
“When we launched the Build Fund, our goal was to invest in Indianapolis neighborhoods in innovative ways,”” Says Steven Meyer, Executive Director of King Park Development Corporation, which operates the Build Fund. “Passing this milestone demonstrates the tremendous impact Build Fund has across Indianapolis.”
Learn more about how we can help businesses grow and succeed in Indianapolis.