November 4, 2019

16 Tech Launches Fund to Invest in Neighborhoods

16 Tech Launches Fund to Invest in Neighborhoods

A first-of-its-kind fund in Indianapolis will invest up to $1 million next year for neighborhoods surrounding the 16 Tech Innovation District.

Grants will be awarded to nonprofits of all sizes.

“To support want they want to do in the community.  To revitalize their neighborhoods, to support education, small business and alike," says Director of Community Initiatives, Starla Hart.

The 16 Tech Community Investment Fund has been seeded with $3 million in public funding through the City of Indianapolis. Additional funding will be available annually for community investment.

The 16 Tech Community Corporation will also seek philanthropic funding from individuals and organizations interested in investing in communities in and around 16 Tech.

“As a Near West resident and member of the 16 Tech Community Investment Fund advisory committee, it has been a great privilege to work alongside other residents, partners, and the 16 Tech team and see such commitment to a community-centered approach that will drive positive and innovative impacts,” says Adrianne Opp, neighborhood leader with the Near West Collaborative and Hawthorne Neighborhood Association.

The 16 Tech district is a $500 million project located on the near west side of Indianapolis.  The goal is to establish the area’s first major tech-focused live-work community.

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