LISC National
COVID-19

Indianapolis Small Business Recovery Grant for Minority, Immigrant and Women-owned Businesses

Small businesses account for 44% of all economic activity and two-thirds of all job creation.  They are critical to the health of our economy and our communities. However, cancellations, closures and social distancing necessary to reduce the spread of the COVID-19 virus have significantly impacted businesses, resulting in revenue shortfalls, layoffs and closures.

This impact is even more acute for minority, immigrant and women-owned businesses who may not have the same access to resources and flexible, affordable capital. “After a decade of business ownership gains, the COVID-19 recession has the potential to be disproportionately devastating to Minority/ Women-owned Business Enterprises (MWBE)”, according to Brookings. The resiliency of these businesses will be critical to our economic recovery, so we must prioritize investment in minority, immigrant and women-owned businesses in historically, underserved neighborhoods.

With financial support from the Indianapolis Foundation and Regions Bank, we are offering $5,000 grants to help minority, immigrant or women-owned small businesses impacted by COVID-19. Also available to undocumented business owners. We will partner with Forward Cities, Kheprw Institute, Indy Chamber Hispanic Business Council, Indy Black Chamber of Commerce, and the City of Indianapolis to review applications and award grants.

Round two of applications is now closed. Applicants will be notified about the status of their application in late June or early July. 

LISC is a national organization and both the Indianapolis office and the national office are offering small business grant opportunities. You can find the link to the national grants here. You are able to apply for grants offered by both offices.

Para leer esta información en español, haga clic aquí.

Eligibility:

Minority, immigrant or women-owned businesses with 1-10 employees that have been impacted by COVID-19. Also available to undocumented business owners. Eligible businesses must be located in targeted geographies within Indianapolis. Non-profits are not eligible to apply. 

Click on the map below to zoom to see if you fall within one of these neighborhoods. The areas in orange, blue and purple are all eligible and align with LISC's focus on Great Places 2020 neighborhoods, Quality of Life Plan areas and Economic Opportunity Districts.

Preference for:

Priority for businesses providing goods or services that are important for meeting basic needs during the crisis. Could include retail, restaurant, personal services, event planning, home healthcare, childcare, agriculture (gardens), and entertainment industry.

Use of Grants:

Funds can be used for commercial rental assistance, utilities, payroll, debt, operating costs and working capital.

Contact:

Please email indysmallbizgrant@lisc.org with any questions. 

Grant Information and FAQ

This landing page includes information for businesses seeking an Indianapolis Small Business Recovery Grant for Minority, Immigrant and Women-owned Businesses. Before proceeding, it is recommended that individuals thoroughly read this for information and check back frequently for updates.

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Contact

Emily Scott, Program Officer
Email