Arts Fee and the Indiana Small Enterprise Improvement Middle enhance the financial resilience of over 100 arts-based small companies

INDIANAPOLIS, Ind. — The Indiana Arts Fee introduced at present that over 100 Hoosier artists have participated within the annual On-Ramp Inventive Entrepreneur Accelerator for artists and inventive professionals via native partnerships statewide.

On-Ramp is a nationwide award-winning program designed to educate artists and inventive professionals in ten key areas of entrepreneurship and finance and to supply ongoing mentorship and improvement of arts-based small companies. A current examine has proven alumni of this system have been extra resilient as entrepreneurs in comparison with related companies throughout the nation. They’ve retained extra of their financial savings within the midst of the pandemic and are actively managing and monitoring bills, figuring out new allies and companions, and adjusting their enterprise plans with extra success than their friends.

The native partnerships have been made attainable with help from the Indiana Small Enterprise Improvement Middle (SBDC), Minerva Monetary Arts, and the Indiana Arts Fee. The six locally-based groups have been led by:

• Carnegie Middle for Artwork and Historical past (New Albany)

• Indiana College Arts and Humanities Council and the Middle for Rural Engagement (Bloomington)

• Marion Design Co. (Marion)

• Pathfinder Companies and the Huntington Arts and Entrepreneurial Middle (Huntington)

• South Shore Arts (Munster)

• Tippecanoe Arts Federation (Larger Lafayette)

“Entrepreneurs and small companies make communities all through the state locations that Hoosiers wish to dwell, work, and go to,” stated David Watkins, State Director of the Indiana SBDC. “The Indiana SBDC was proud to work with the Indiana Arts Fee to take the On-Ramp Accelerator statewide and assist over 100 inventive entrepreneurs develop important enterprise expertise to make them extra aggressive within the market.”

As the following step within the course of, the entrepreneurs submitted proposals for a $2,000 fellowship to instantly apply course classes to their inventive profession and small enterprise improvement.

Proposals will probably be reviewed by a panel of mentor inventive entrepreneurs who will present suggestions based mostly upon their particular person and collective experience. Panelists might establish areas of the proposed mission that will be strengthened and higher meet profession improvement targets, during which case candidates will modify their proposal previous to receiving the award.

Panels will meet nearly throughout the week of October 18, 2021.

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