Small businesses are the foundations of our communities, and together with our members, we want to help them thrive with the FHLBank Indianapolis Elevate grant. We believe that strong small businesses generate more economic opportunities for everyone. With an Elevate grant, our members can help their small business customers expand or train new or retain existing workers.
Elevate is a small business grant program that assists the growth and development of small businesses, their workforce, and the communities where they are located. Your customers can use the grant money (up to $25,000) for capital expenditures, workforce training, or a variety of other needs to get the boost that they need. This grant is designed to benefit our members and their customers by strengthening relationships they already have. That’s a win for everyone involved.
FHLBank Indianapolis recently announced that 11 Indiana and Michigan businesses were awarded the bank’s Elevate Small Business grant. 2018 was the inaugural year for the Elevate program, which saw more than 92 small businesses partner with local financial institutions to compete for grants of up to $25,000 each to use towards capital expenditures, workforce training, and other business needs. We are proud to announce our 2018 Elevate Grant Recipients who are doing great work to grow and strengthen their communities throughout Indiana and Michigan.
Applications for the 2019 Elevate Grant will open in Spring of 2019.