Mayor, Indy Chamber launch contractor development program to help women, minorities

Generic image of a female contractor (Getty/Cineberg)

INDIANAPOLIS (WTHR) — A recent study highlighted barriers minority and female contractors face when competing for city contracts.

To help accelerate a fix, the Mayor's office and the Indianapolis Chamber launched a new program today called Growing with Accelerated Payment or GAP.

"... While the City had already sought ways to address this gap, the results of the disparity study redoubled our efforts,” said Mayor Joe Hogsett. "As a city, we are tasked with breaking down barriers to capital, to mentorship, and to engagement."

The program offers low or no-interest loans, business coaching, mentorship and development classes.

"The GAP Program will foster long-term sustainability and growth for contractors by providing business coaching and an opportunity to participate in mentorship programs and professional development classes offered by BOI (Business Ownership Initiative)," Mayor Hogsett posted in a release.

To contact someone with the Indy Chamber's BOI or GAP, call 317-464-2229.

To read the study, click here.