Here’s a quick rundown on how this aid for our job creators will go to work for
Hoosiers

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Friends,

 

Through it all, Indiana’s getting Back on Track.

 

As we continue through Stage 3 of Governor Holcomb’s Back on Track plan,
Governor Holcomb has announced nearly $44 million to help restart the engines
of our state’s economy – small businesses and manufacturing!

 

That’s because these two sectors are responsible for so many good, high-wage
Hoosier jobs:

* Indiana is home to approximately 104,335 small businesses that employ fewer
than 150 associates, supporting 941,578 Hoosiers across the state
* Indiana has more than 8,500 manufacturing facilities
* We’ve got the highest concentration of manufacturing jobs in the U.S.
* Manufacturing accounts for more than 27.8% of Indiana's total economic
output
Here’s a quick rundown on how this aid for our job creators will go to work
for Hoosiers:

* Small Business Restart Fund: Gov. Holcomb approved $30 million in federal
funding made available through the CARES Act to go to small business restart
grants, helping accelerate the speed of economic recovery activity by providing
working capital to cover certain expenses related to the global pandemic.
* Small Business Relief & Planning Resources: The Indiana Small Business
Development Center (Indiana SBDC) received nearly $3.7 million from the U.S.
Small Business Administration (SBA) through the CARES Act to support increased
resources for Hoosier entrepreneurs and small businesses over the next 18
months.
* Manufacturing Support & Long-Term Growth: The Indiana Economic Development
Corporation (IEDC) board of directors approved $10 million to launch the
Economic Activity Stabilization and Enhancement (EASE) program aimed at
supporting technology and operational advancements in the manufacturing
industry, which has long been a key driver of the state’s economy. Learn More
About the Small Business Restart Fund
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Indiana is fortunate for the strong fiscal stewardship we had heading into
this crisis. That leadership is allowing us to continue our fiscal
responsibility while lifting up our job creators. Together, we’ll come out of
this pandemic stronger than ever before!

 

#BackonTrack,
Your Holcomb Crew




 


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