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Indiana Celebrates Small Business Week and the Vital Impact Entrepreneurs Have on Thriving Hoosier Economy – WTCA

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Indiana Celebrates Small Business Week and the Vital Impact Entrepreneurs Have on Thriving Hoosier Economy – WTCA


Governor Eric J. Holcomb today issued a proclamation declaring April 28 – May 4 as Small Business Week in Indiana, celebrating the impact Hoosier entrepreneurs and small businesses have on the state’s economy and communities. Indiana is home to more than 534,000 small businesses that support more than 1.2 million Hoosier jobs. 

“Indiana’s economic momentum is incredibly robust today, thanks in large part to the commitment, the work ethic and the spirit of our entrepreneurial community,” said Gov. Holcomb. “Across the state, Hoosier entrepreneurs and small businesses are creating new solutions, providing critical services, and contributing to the vibrancy and prosperity of their neighborhoods. This week, we honor and celebrate these achievements as we continue to invest in Indiana’s entrepreneurial ecosystem like never before.”  

Indiana ranks No. 2 in the U.S. for starting a business by Forbes and has been recognized as a top 40 global emerging destination for entrepreneurship by the Global Entrepreneurship Network and its partners at Startup Genome. The state’s entrepreneurial ecosystem has a significant impact on Indiana’s economy and its communities, with Indiana’s youngest companies (under five years of age) accounting for the majority of net new job growth in the state and contributing an estimated $11.5 billion to Indiana’s GDP in 2022.  

“Indiana’s entrepreneurs are setting the tone for today’s success and for tomorrow’s progress,” said Secretary of Commerce David Rosenberg. “Not only do Hoosier entrepreneurs and small businesses contribute to the success of Indiana’s economy, but they have a direct impact on the prosperity of their communities, with each successful new company increasing the nearby median household income. At the state level, we’re reinvesting in this network to provide new resources, new funding and new programming to help Hoosier entrepreneurs start stronger and scale faster.”  

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This week, the Indiana Economic Development Corporation (IEDC) will recognize eight Hoosier small businesses that have worked with the Indiana Small Business Development Center (SBDC), a program of the IEDC, to start, grow or pivot their small businesses. These awards, presented in conjunction with the U.S. Small Business Administration’s (SBA) National Small Business Week, honor the entrepreneurs’ and small businesses’ achievements and contributions to grow Indiana’s economy and strengthen communities across the state.  

The 2024 honorees are:  

  • Woman-Owned Small Business of the Year: Maverick Electrical Solutions (Quincy)  
    Maverick Electrical Solutions, owned by Master Electrician Stacey Shipley, was founded after a clear need and opportunity in the market was identified for qualified, experienced and accountable electrical services. The team at Maverick Electrical Solutions has combined experience in new construction, remodeling, maintenance, commercial, residential, project management and more, and is committed to being a relationship-based business, growing its customer base through referrals. 
     
  • Innovative Small Business of the Year: Tactile Engineering (Lafayette)  
    The revolutionary Cadence tablet is the first mass-produced tactile device able to display tactile graphics that move and change, allowing users to experience a whole new way to access dynamic content and multi-line braille, including pop-up highlights and labels, graphs that update in real time, live camera feeds and fast-paced entertainment apps. The mission at Tactile Engineering is to develop and deliver technology that improves life, learning and career opportunities for people with blindness and visual impairments. 
     
  • Family-Owned Small Business of the Year: Owings Patterns (Sellersburg)  
    Originally founded in 1975, Bob Owings Patterns has grown from a pattern maker for the foundry industry into a diversified company that engineers prototype and production tooling for today’s most demanding foundry patterns as well as thermoforming applications. Now a second-generation business with the third generation joining the business, constant growth has allowed Owings Patterns the opportunity for significant investment in technology as well as overall capacity and has enabled the company to expand its focus to include the production of thick and thin gauge thermoformed plastic parts. 
     
  • Community Impact Small Business of the Year: BUN’S Soapbox (Valparaiso)  
    Founded by Jamie Fankhauser, a registered nurse for over 25 years, BUN’S Soapbox was a bucket list goal that came to life in 2017 and sparked a grassroots retail enterprise. As the business began to grow, Jamie began hiring more employees, with a calling toward young adults on the spectrum. Inspired by her own family member with autism, Jamie observes each employee’s strength and focuses them toward a task where they excel, whether production, labeling, stocking or retail. 
     
  • Small Business of the Year: Primary Record (Fishers)  
    Founded by two neighbors, Jean Ross, RN, and Jim McIntosh, Primary Record is an app designed for families to have one secure place to organize, collaborate and share health information with each other and the healthcare team around them. With Primary Record families can search complex medical information and quickly find answers when it matters most. 
     
  • Minority-Owned Small Business of the Year: Precision Aerial Services (Evansville)  
    Precision Aerial Services, led by John Carter, is a drone-based aerial imaging and data capturing company providing geospatial services tailored for land surveyors, engineers, utilities, construction firms and project developers. The company offers aerial/ground LIDAR, survey data, bare earth topography mapping, volume calculations, photogrammetry mapping, 3D reality capture, as-built vs. as-planning monitoring, construction progression monitoring, aerial imaging, 360-degree imaging and UAV consulting to help bring projects to life with precision and efficiency.  
     
  • Start-Up of the Year: Cotton Candy University (Bargersville) 
    Grace and Tinley, age 9 at the time, decided to begin a cotton candy business with the goal of saving money for college. Founded in April 2023, Cotton Candy University products can now be found in local retail stores, farmers markets and festivals, and special events.   
     
  • Rural Small Business of the Year: Davis Farms (Underwood) 
    Led by Alex and Molly Davis, Davis Farms is known locally for its produce, melons, honey production and eggs and chicken selections. Behind the scenes, Alex has skillfully applied his technical expertise to the family farm, producing significant advancements in both its operations and offerings.  

In the past year alone, Indiana has announced a number of new small business support resources, including: the Legend Fund, a new $29 million loan participation program designed to help entrepreneurs and small businesses gain access to funds needed to grow; the Community Collaboration Fund, which is allocating up to $1 million this year in grant funding to support community-led projects focused on entrepreneurial education, connection and acceleration; and ConnectIND, a first-of-its-kind digital portal available in 11 languages that is designed to increase support for entrepreneurs and founders.  

About IEDC
The Indiana Economic Development Corporation (IEDC) is charged with growing the State economy, driving economic development, and helping businesses launch, grow and locate in the state. Governed by a 14-member board chaired by Governor Eric J. Holcomb, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit iedc.in.gov.



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IU trip to Bahamas will reveal a lot about Hoosiers, who can’t come home empty-handed

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IU trip to Bahamas will reveal a lot about Hoosiers, who can’t come home empty-handed


BLOOMINGTON – Indiana heads to The Bahamas this week with plenty to gain — and plenty to prove.

The Hoosiers placed virtually all their nonconference emphasis on their first-ever trip to Battle 4 Atlantis, and they cannot afford to come home without some quality wins pocketed from a Thanksgiving spent on Paradise Island.

What makes this a successful holiday tournament trip? Five thoughts …

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Greater consistency

Through four wins in four games, we’ve seen the idea of Indiana burst through the clouds. Stretches when the Hoosiers’ array of talent and experience makes them virtually unplayable at both ends of the floor, when even a high-major opponent like South Carolina looked simply overwhelmed.

We haven’t seen it often enough, though.

In a way, that’s fine. No basketball team should be fully formed in November. Anyone playing their best right now is in big trouble come March.

But IU needs it this week. A reasonable path through this tournament will see games against top-50 competition at least once, probably multiple times. That means opportunity, but it also means the hot-and-cold performances thus far need to be smoothed over a little more. Those windows into what Indiana can be need to open a little wider this week.

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Point guard play

Myles Rice has been outstanding through these first four games. Trey Galloway has had moments, as he continues his steady progress back to full fitness following offseason knee surgery. Indiana will need their best this week.

In settings like these, players with their creativity and experience, are crucial. Sightlines are weird. The whole environment can make shooting difficult. The teams that can force the ball to the rim and either finish or draw fouls (or both) have an added advantage.

The axiom in basketball that guards win games generally always applies. But in neutral venues, when certain elements of a team’s offense might be stunted, the ability to force action and either score or create moving downhill — something both Galloway and Rice have shown proficiency in doing — becomes invaluable. Both players must deliver in The Bahamas.

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Rebound the ball

It was too often a problem last season, and it’s been too often a problem this season.

Yes, Indiana is playing smaller. And yes, games like UNC Greensboro can go a little sideways in this department when an overmatched opponent chucks and chases because it knows there’s little point in trying to attack the rim.

But a team with IU’s size and athleticism cannot be a sub-200 team in opponent offensive rebound rate. The Hoosiers cannot afford to be so poor in closing out possessions. This team will undermine its offensive improvement and its athletic advantages if it continues to be so poor on the glass.

Indiana doesn’t need to be (and probably won’t ever be) dominant here. That’s not how the Hoosiers are constructed. But they are and must be better than they’ve been so far in this area, and three games in three days against demanding competition will require immediate improvement.

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Mackenzie Mgbako’s continued growth

Indiana’s leading scorer had his quietest game of the season Thursday, scoring just nine points on 2-of-11 shooting and seeing his second-half playing time eaten into by Bryson Tucker’s bench performance. Everyone’s allowed a bad day at the office.

But Mgbako would do well to ensure he leaves those at home this week. IU’s most dynamic offensive player early in the season, Mgbako has flashed three-level scoring potential the likes of which few players with his size and athleticism can claim.

Few teams, even good ones, have adequate cover for a 6-8 wing who can shoot from multiple levels and finish around the rim the way Mgbako does. Couple that to improved rebounding and defense, and when he’s on, Mgbako is perhaps this team’s biggest individual game changer.

A microcosm of his team’s task this time of year, Mgbako needs to strive for consistency in those areas. Make the off nights few and far between. Find ways to impact games in multiple ways, and shift the way he scores to suit what his opponent struggles against.

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This week is a good test for Indiana, and it’s certainly a good test for Mackenzie Mgbako. Both will get a better look at their ceiling in Atlantis.

Quality wins

It’s the simplest and most important storyline following Indiana to the islands.

The Hoosiers put all their faith in this tournament, in terms of being able to add quality to their NCAA tournament in nonconference play. Barring a surprise breakout from South Carolina, IU isn’t likely to beat anyone of meaning from a NET perspective anywhere but in Atlantis.

That represents a calculated gamble for Mike Woodson, whose program learned the hard way how far behind the eight ball an empty-calorie nonconference resume can set a team from an NCAA tournament perspective. The Hoosiers cannot repeat that this year.

Which means they need to make hay in the sunshine in Atlantis. Louisville might stand up as a decent win, somewhere between Quads 1 and 2. Gonzaga and/or Arizona would be worthwhile scalps. Oklahoma, Providence and West Virginia all might be in time.

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Whatever its performances, Indiana needs to leave The Bahamas with some wins, or it will leave itself with a lot to do in conference play to ensure Selection Sunday isn’t a stressful experience.

Listen to Mind Your Banners, our IU Athletics-centric podcast, on Apple Podcasts, Spotify or wherever you get your podcasts.



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Where is Indiana basketball ranked going into the Battle 4 Atlantis?

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Where is Indiana basketball ranked going into the Battle 4 Atlantis?


BLOOMINGTON — Indiana basketball heads to the Bahamas as a top 15 team.

The undefeated Hoosiers (4-0; 0-0) jumped three spots in the latest USA TODAY Sports Men’s Basketball Coaches Poll to No. 15 and two spots in the latest AP Poll to No. 14. They spent nine weeks ranked in the top 15 of the AP Poll during the 2022-23 season.

Indiana will compete in the Battle 4 Atlantis this week starting with a game at noon on Wednesday against Louisville. No. 4 Gonzaga and West Virginia are on the same side of the bracket and No. 23 Arizona is also among the teams in the field.

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The tournament is IU’s only chance to pick up any wins away from Assembly Hall during its non-conference schedule.

Indiana beat Louisville, 74-66, in last year’s Empire Classic. The Cardinals parted ways with Kenny Payne and hired Pat Kelsey as his replacement. They head into the event 3-1 this season — they suffered a 22-point loss to a Tennessee team that IU defeated in a pre-season exhibition — without a single returning player in their starting lineup.

The Hoosiers have won all four of their games by double-digits and averaging more than 80 points per game with four of their five starters — Mackenzie Mgbako (18.8 points per game), Myles Rice (14.8), Malik Reneau (13.5 points) and Oumar Ballo — averaging in the double-digits.

Michael Niziolek is the Indiana beat reporter for The Bloomington Herald-Times. You can follow him on X @michaelniziolek and read all his coverage by clicking here.

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How to Watch: Louisville Cardinals vs. Indiana Hoosiers

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How to Watch: Louisville Cardinals vs. Indiana Hoosiers


LOUISVILLE, Ky. – Following a four-game home stand to open up the 2024-25 season, the Louisville men’s basketball program is heading back to The Bahamas to participate in the Battle 4 Atlantis, and will kick off the event against regional rival Indiana.

The Pat Kelsey era of the Cardinals is off to solid start, although they have played imperfect basketball during their 3-1 start to the season. They’re averaging 81.0 points per game and have a 18.3 scoring margin, but have shot just 29.4 percent from deep on the year, and lost by 22 to Tennessee in their lone game vs. a power conference team.

As for the Hoosiers, they’re off to an undefeated start in year four under head coach Mike Woodson. All of their games have been won by at least double figures, including an 87-71 victory over South Carolina. Mackenzie Mgbako is leading the charge for IU with 18.8 points per game.

This will be the 22nd all-time regular season meeting between Louisville and Indiana, with the Hoosiers owning a 12-9 advantage. IU has won the last two matchups against UofL, including a 74-66 decision back on Nov. 20, 2023 in their last matchup in the Empire Classic.

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(Photo of Chucky Hepburn: Jamie Rhodes – Imagn Images)

You can follow Louisville Cardinals On SI for future coverage by liking us on Facebook, Twitter/X and Instagram:

Facebook – @LouisvilleOnSI
Twitter/X – @LouisvilleOnSI
Instagram – @louisvilleonsi

You can also follow Deputy Editor Matthew McGavic at @Matt_McGavic on Twitter/X





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