The City of Bloomington, Bloomington Economic Development Corporation (BEDC) and the Gayle & Bill Cook Center for Entrepreneurship at Ivy Tech-Bloomington are launching a joint effort to provide entrepreneurs with more technology, training and mentorship.
A group of business leaders plan to meet Wednesday to begin to form a citywide job growth plan. They are working with local organizations that provide services to startups and small businesses to identify new programs and services the group can provide for Bloomington and Monroe County’s entrepreneurs.
City of Bloomington Director of Economic and Sustainable Development Danise Alano-Martin agrees there needs to be a mechanism to help sustain small businesses so they can create jobs.
“Small businesses create so many of the jobs that we have in Bloomington and so it’s really important that we foster an environment where they can thrive,” she says.
Steven Bryant, Executive Director of the Gayle and Bill Cook Center for Entrepreneurship at Ivy Tech Community College-Bloomington, says it is difficult for start-up businesses to get financial support.
“What can you do to bridge in the middle that first $5,000, the first $10,000 you need?” he says. “That’s generally where things get bogged down.”