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FHLBank Indianapolis Awards More Than $375,000 in Small Business Grants

FHLBank Indianapolis recently announced that 17 Indiana and Michigan businesses were awarded the bank’s Elevate Small Business Grant. Now in its second year, Elevate was developed to strengthen our communities and encourage Indiana and Michigan small businesses to further develop their relationship with an FHLBank Indianapolis member financial institution.

Grant recipients submitted applications through their financial institution for up to $25,000 for use towards capital expenditures, workforce training, and other business needs. The Elevate grant is open to all for-profit Indiana and Michigan businesses with annual revenue of less than $1 million. Applications were evaluated based on their feasibility as well the impact grants would have on the community.

“The Elevate Small Business grant helps already successful small businesses get the boost they need to make the next step in their growth,” said MaryBeth Wott, FHLBank Indianapolis Community Investment Officer. “With this new round of recipients, we’re proud to share in the continued growth and success of small businesses throughout Indiana and Michigan.”

In total, this year FHLBank Indianapolis awarded $391,751 in Elevate grants to small businesses looking to take their success to the next level. A summary of the grant recipients is included below, and a more detailed list is available here: FHLBank Indianapolis 2019 Elevate recipients.

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Learn more about the Elevate Small Business Grant and other Community and Housing programs offered by FHLBank Indianapolis.