Starting and building a business can be daunting, especially for the minority entrepreneur. Nationally, about 80% of black-owned startups don’t make it past the 18-month mark. For black entrepreneurs in Central Indiana, help is on the way. Equipped with a grant from the Indianapolis African American Quality of Life Initiative (IAAQLI), InnoPower and Sagamore Institute annually will offer 100 Black business owners working spaces through the newly created Indy Biz Pass initiative. The three co-working spaces are Nexus Impact Center, P30, and the Speakeasy. Having this access will fill a crucial void in the development of these businesses.
The Indy Biz Pass will provide 100 Black-owned businesses annually with an all-access pass to the three coworking locations – Nexus Impact Center on the north side of Indianapolis, P30 on the far east side, and Speakeasy in the Meridian-Kessler area. Business owners can use meeting and conference rooms, training facilities, and mail service, including monthly creative suite hours. Business owners will also enjoy access year-round, 24 hours per day, seven days per week.