Wednesday, May 25, 2022

IBE program receives grant

Indiana Black Expo (IBE) Black Training Institute received a $300,000 grant from the KeyBank Foundation. The grant is part of a $40 billion National Community Benefits Plan to help eliminate racial disparities that exist for African Americans and other underrepresented and disadvantaged individuals.

The IBE Black Business Training Institute plans to stimulate the African American business community in Central Indiana by helping create more businesses led by Black entrepreneurs. Through this program IBE hopes to accomplish three goals:

  • Strengthening the entrepreneurial ecosystem to encourage personal development and increase peer resources for Black business development
  • Increasing the number of procurement opportunities for minority-led small businesses
  • Increasing Indiana business owners’ access to the best available talent from the Black and minority community

 IBE will offer a 10-week business management program for two cohorts of 25 business owners in Central Indiana. Training will begin in the spring for the first cohort, and the second will begin in the fall. Those who attend will learn practical business skills for small business owners.

To apply, visit indianablackexpo.com/contact-ibe/.

Other partners include InnoPower, Central Indiana Small Business Development Center and Co-Hatch.

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