FHLBank Indianapolis announces 2024 Elevate Small Business Grants

last updated on Friday, August 2, 2024 in Federal Home Loan Bank Indianapolis

FHLBank Indianapolis is proud to announce that 53 small businesses in Indiana and Michigan will receive the Bank's annual Elevate Small Business Grant, program awards totaling $1,009,561 for 2024.

The Elevate program supports small businesses across the Bank's district of Michigan and Indiana with grant money to fund growth projects such as facility expansion, equipment and technology upgrades, workforce development and other projects designed to take small businesses to the next level by fostering growth and development.

Now in its seventh year, the Elevate grant program has supported nearly 200 small businesses across Michigan and Indiana, for a total of more than $3.8 million spent since the program's inception.

"It's been an honor watching this program grow over the past few years," says Megan Coler-Hasser (right), VP Community Outreach Investment Partner, who was part of the team that designed the program. "We've been able to see some of these businesses grow by leaps and bounds. A significant piece of our core mission at FHLBank Indianapolis is supporting local communities and economic development across our district, and we're so proud to partner with our member financial institutions to support their local business and economic needs."

For information on other community and economic development programs offered by FHLBank Indianapolis, see the Community Programs page on fhlbi.com.

Questions can be directed to Corporate Communications at [email protected].