INDIANAPOLIS – July 23, 2024 – 16 Tech Community Corporation, the non-profit organization leading the physical and programmatic development of the 16 Tech Innovation District, opened the sixth cycle of the 16 Tech Community Investment Fund, a signature program that directly benefits the vitality of nearby neighborhoods.
Launched in 2019, the 16 Tech Community Investment Fund ensures that the growth of the 16 Tech Innovation District directly aligns with the adjacent communities by contributing $0.20 per square foot of every lease in the 50-acre innovation district to neighborhood-based projects. Since its inception, the fund has awarded $1.8 million in grants to 58 projects that address diverse community needs, promote equitable opportunities, and enhance the quality of life for the 16 Tech’s closest neighbors.
The 16 Tech Community Investment Fund is guided by an advisory committee, consisting of 16 Tech neighbors and neighborhood organizations, that ensure the fund, and its grants, align with priorities identified by residents in the Near West, Near Northwest, Historic Flanner House Homes and Ransom Place neighborhoods with a focus on workforce training, business support, education, neighborhood capacity building and infrastructure and beautification.
Grants are awarded from two funding pools. The innovation pool fund requests up to $25,000 from neighborhood organizations with annual operating budgets of less than $1 million. The impact pool fund requests up to $100,000.
Applications close on Monday, Sept, 23 at 5 pm. Interested applicants can learn more by attending one of 16 Tech’s upcoming virtual information sessions on July 29 and July 31. Registration is available through Eventbrite here.
