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New organization could help boost south side businesses

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INDIANAPOLIS, Ind. (July 29, 2015) — A new organization could help boost economic development on the south side.

The “Southside Business Initiative” launches Wednesday. Organizers are transforming a building on Madison Avenue by adding a conference room, white boards and desks for members. Anyone can pay a flat rate of $500 dollars a year to join, which gives them 24-7 access to the space and other resources, like programs to help new businesses with legal questions, insurance, human resource or IT issues.

“The Southside has struggled a little bit with building jobs here and this will give entrepreneurs, new business start-ups and even some of our home based businesses an opportunity to take advantage of professional office space for an affordable price,” said Southside Business Initiative Advisory Board Chair Steve Battiato.

Battiato says that yearly membership rate is much cheaper than paying to rent a building every month.

“We think this is an opportunity for folks to either start their businesses up or grow their businesses,” he said.

Organizers budgeted between $45,000 to $50,000 thousand dollars to get the group started and an anonymous donor already pitched in $30,000 dollars to make it possible.

Battiato says many have faith in the project since this type of resource has been successful in other communities. He says “Launch Fishers,” for example, has about 500 members and “Z Works” in Zionvilles just started earlier this year and already has about 150 members.

The public launch for the Southside Business initiative starts at 6 p.m. on Wednesday.  The group is already taking members and they plan to open-up the new space on October 1st. For more information, click here.