Rural Entrepreneurship Incubator Capacity Building in Indiana

GrantID: 71865

Grant Funding Amount Low: $150,000

Deadline: May 6, 2025

Grant Amount High: $150,000

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Summary

If you are located in Indiana and working in the area of Education, this funding opportunity may be a good fit. For more relevant grant options that support your work and priorities, visit The Grant Portal and use the Search Grant tool to find opportunities.

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Arts, Culture, History, Music & Humanities grants, Awards grants, Black, Indigenous, People of Color grants, Community Development & Services grants, Education grants, Financial Assistance grants.

Grant Overview

Indiana maintains a pronounced rural-urban economic split, with 58 of its 92 counties classified as rural by the Office of Management and Budget yet containing only 14 percent of the state’s venture capital activity. Rural counties along the Ohio River and in the northeast report business formation rates 40 percent below the Indianapolis metro average. Aspiring entrepreneurs in these counties lack access to the incubator networks concentrated in Marion and Hamilton counties.

Local workforce data indicate that 34 percent of rural adults aged 25-44 hold only a high school diploma, limiting their ability to navigate regulatory filings or digital marketing platforms. County economic development offices in these regions operate with one or two staff members who cover permitting, site selection, and small business counseling simultaneously.

The Rural Entrepreneurship Incubator program restricts eligibility to applicants whose primary service area lies outside metropolitan statistical areas. Proposals must include county-level business license issuance data from the prior 24 months and demonstrate that workshop locations sit within 30 miles of the target rural population centers.

Implementation prioritizes measurable milestones such as completed business registrations and first-year revenue filings submitted to the Indiana Department of Revenue. Budgets must allocate at least 35 percent of funds to transportation stipends or virtual platform access for participants without reliable broadband.

Unlike Ohio programs, Indiana requires county-level business formation baselines because its rural counties fall under separate tax increment financing rules that do not apply inside urban enterprise zones.

Eligible Regions

Interests

Eligible Requirements

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Grant Portal - Rural Entrepreneurship Incubator Capacity Building in Indiana 71865

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