If your organization has an economic development-related project or initiative in mind, requires funding and is based at one of IU’s regional campuses, the RED Fund can offer valuable financial support.
Administered by Indiana University’s Council for Regional Engagement and Economic Development (CREED), the Regional Economic Development (RED) Fund provides cost-matching grants of up to $2,500 for qualifying proposals.
By providing seed money assistance for such projects, CREED seeks to nurture economic development statewide. Since 2011, more than $32,500 in RED Fund support has been awarded to 17 projects at six IU campuses.
Among such programs is the Kokomo CEO (Creating Entrepreneurial Experiences) program aimed at Howard County high school students. It is partly supported by a RED Fund grant pursued by the Office of the Chancellor at IU Kokomo.
Another involves helping small businesses in northwest Indiana develop a cost-effective social media strategy. It is supported in part by a RED Fund grant sought by the School of Business and Economics at IU Northwest in Gary.
Proposals that qualify for RED Fund support are reviewed by CREED representatives before awards are issued.
- For an overview of CREED and its mission, read here.
- For a rundown of past RED Fund awards, read here.
- To apply for RED Fund support (or view the application form), read here: