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Elevate Ventures Partners with Southwest Indiana Region Community Stakeholders to Launch Regional Entrepreneurship Action Plan
Date:7/12/2013

move past many of the initial challenges they might face," stated Carl Chapman, Vectren Corporation's President and CEO. "Our region has been steadily building a network of stakeholders and partners to provide the foundation for growth environments just as it has with many other regional initiatives; and, we are ready to launch REAP to provide momentum in helping the businesses located here to arrive at success sooner,” stated Becky Skillman, President of Radius Indiana.    Vectren Corporation and Radius Indiana are REAP funding stakeholders.

Bob Myer, an Evansville area resident, angel investor, and a director at Elevate Ventures, will be an acting Entrepreneur-in-Residence in the region. Elevate Ventures plans on hiring two additional Entrepreneurs-In-Residence.

The program offered by Elevate Ventures has had great success in the northern regions of Indiana, where it was first implemented. Results include an increase in the number of funding applications from the region, a greater number of companies obtaining funding from Elevate Ventures and private investors, and significant increases in employment and revenue growth for participants in the Economic Gardening program.

Among many stakeholders who are eager to see these services come to the region, few are more enthused than Greg Wathen, President & CEO of the Economic Development Coalition of Southwest Indiana.

“We are in a position to catalyze the resources already existing in the region,” said Wathen, when asked about the potential impact of the REAP. “Elevate Ventures and the services its team offers will help us do that. We’ve already had several years of traction, and this is one of those critical steps that could truly ignite unpre
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