Indy\'s Neighborhoods Geared for Economic Development


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The North Midtown's neighborhood running from Broad Ripple Avenue south to Fall Creek is being invested upon for economic development.

Lined with blighted homes, abandoned warehouses and corroded streets, city officials hope to add businesses, create jobs and lower the crime rate in the neighborhood. Five areas have been targeted for economic development, strategically spaced across the area from Broad Ripple Avenue to 30th Street.


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Federal Programs Related to - Neighborhood Revitalization

Programs that encourage or provide for the renewal or rehabilitation of homes, streets, sidewalks and incidental recreational areas in residential communities that are blighted or depressed. Neighborhood Redevelopment; Residential Neighborhood Redevelopment

Federal Programs Related to - Community Economic Development

Programs that provide technical assistance and funds to help communities retain and recycle income within the community by investing in the development of local institutions and businesses.

Business Growth; Business Loans; Economic Growth; Economic Transformation; Real Estate Organizations; Socioeconomic Development; Technology Transfer; Transfer of Technology; Urban Enterprise Zones



The Bank of America Merrill Lynch themselves, Social Finance Inc., New York State, the Center for Employment Opportunities (CEO), the U.S. Department of Labor, Chesapeake Research Associates, and The Rockefeller Foundation come together to address recidivism by training and employing ex-inmates.




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