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ECDC Project highlight: Twin Aire skilled trades accelerator feasibility study, planning for the future

ECDC Project highlight: Twin Aire skilled trades accelerator feasibility study, planning for the future

Published Wednesday, December 29, 2021

With hopes to prepare two generations of residents for high-quality occupations and small business success to strengthen and diversity Central Indiana’s skilled trades ecosystem, Southeast Neighborhood Development conducted a feasibility study for the Twin Aire Skilled Trade Business Accelerator to be located within the Twin Aire Economic Development Area. The Twin Aire Skilled Trades Accelerator will be a hub for job training and upskilling, hands-on learning, small business start-up and growth, high-quality job connections, and supportive services for historically under-invested individuals in southeast and near east Indianapolis, including the robust Latinx/Hispanic community, multi-generational Black neighbors, diverse persons of color and returning citizens transitioning from the Community Justice Campus.

The feasibility study was essential to determine if the Twin Aire Skilled Trade Business Accelerator would be a viable project. Knowing the impact, the Twin Aire Skilled Trades Accelerator could have on the central Indiana workforce and local economies, the MIBOR ECDC invested $12,000 to fund the completion of the feasibility study.

The Twin Aire Skilled Trades Accelerator feasibility study will be deemed successful after it is evaluated against EDA conditions and deliverables. The success of this study will be based on whether the specific objectives listed in the contract are detailed in the final report. Those deliverables are as follows:

  • Identify placement of the incubator/accelerator based on the current development plans for the Twin Aire Economic Development Area
  • Recommend an operator for the incubator/accelerator
  • Recommend staffing plan for the incubator/accelerator
  • Recommend financial strategies for the acquisition, construction, and sustainable operation of the incubator/accelerator, including possible lease-up of building to thriving businesses
  • Develop civic, community, private and philanthropic partnerships to deliver workforce development and entrepreneurial-based services and training program

The results of the feasibility study will be released in early 2022.