Last Updated on August 23, 2023 by Hannah Stevens
The federal government spends more than $13,346.00million dollars annually in grants, and there are additional funding sources from local governments of $10,194.00million dollars. This is because small and large businesses are the backbone of Indiana’s economic growth. The state of Indiana has 111,972 businesses and are broken down into the following:
Indiana Business Sector Breakdown by Size:
- 61,984 businesses in Indiana have between 0 and 4 employees. This breakdown includes those who work from home as sole proprietors.
- 20,320 businesses in Indiana have between 5 and 9 employees.
- 12,886 businesses in Indiana have between 10 and 19 employees.
- 10,957 businesses in Indiana have between 20 and 99 employees.
- 2,932 businesses in Indiana have between 100 and 499 employees.
- Over 2,893 businesses in Indiana have over 500 employees.
Indiana Business Sector Breakdown in Service Industries:
- The Professional, Scientific and Technical Services sector have 12,997 Indiana Businesses under its registry
- The Administrative, Support, Waste Management, and Remediation Services sector have 7,419 Indiana Businesses under its registry
- The Accommodation and Food Services sector have 12,770 Indiana Businesses under its registry
- Indiana has more than 16,809 registered companies. They are service-oriented businesses that are not yet included in the above categories.
You may also be eligible for grants for small businesses if you work in the agriculture industry. The state of Indiana has more than 61,000 farms.
Small Businesses in Indiana
It is difficult to start and manage a small business here in Indiana. In Indiana, more than 48,310 companies file for bankruptcy each year. This is despite the fact that $88,394,198,000.00 US dollars have been spent on employee salaries and payroll. Although grants from the federal government are not available publicly for the expansion or creation of businesses, small business grants can be granted to Indiana business owners to help them start and grow their ventures. Grant recipients don’t have to repay the funding. It is worth looking into small business grants to help fund your business.
Contact us to apply for Indiana business grants Indiana financial aid agencies .
Recent State Funding Opportunities
Below is a list of opportunities recently published in the local state: