What would you do if you had $1 million?
The Build Fund takes $1 million and turns it into so much more. For every million dollars we invest in local businesses, our investment has doubled the assessed value of borrowers’ real-estate, increasing their values on average by $2 million.
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.
With $1 million, the Build Fund can provide:
34 New Jobs
Businesses that borrow from the Build Fund commit to creating jobs. On average, Build Fund’s borrowers create 14 jobs each or one job for every $25,000 borrowed. That adds up to more than 100 jobs for our local community.
Each job created with the help of the Build Fund is a success story and a step toward growing and revitalizing Indianapolis.
3 New Loans
Businesses use the resources borrowed from the Build Fund to buy a property, expand at its current location, or purchase equipment. On average Build Fund has lent to three businesses per every $1 million dollars it has received. 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.
Supports 16 Businesses
The Build Fund provides a broad range of financial products and services for certain economic development projects to small start-up or expanding businesses throughout Marion County. We assist with:
- Site selection
- Grant administration and regulatory compliance
- Management of environmental assessment and remediation activities
- Connecting employers with skilled employees through partners agencies
Create or Rehab 63,332 s/f of commercial space
One of the aspects that Build Fund takes into account when evaluating a borrower is the impact on the greater community. Will they rehabilitate a vacant building? Revitalize a brown space? Overall, the business should contribute to the community at large.
Several businesses used Build Fund loans to revitalize brownfield properties or renovate vacant properties. The impact on neighborhoods is truly transformative. On average a Build Fund investment of $1 million dollars has lead to 63,332 s/f of new commercial space being developed from unused vacant buildings.
Build Fund hopes to continue driving economic growth and contributing to comprehensive community development through our business services. If you’d like to start or expand your business through a Build Fund loan, you can start the process here.