INDIANA
Matt Tuohy
Indiana Economic Development Corporation (IEDC)
One North Capitol Avenue, Suite 900
Indianapolis, IN 46204
Telephone: (317) 233-9138 FAX: (317) 232-8872
Web: www.in.gov/iedc
E-mail Address: mtuohy@iedc.in.gov
Organization Began: 2005
Program/Project Title: Agricultural Loan and Rural Development Project Guaranty Program
Program Began: 1988
Contact Person: Matt Tuohy
Cost/Funding: Loan guaranties of up to $300,000
Target Group: Value-added agricultural projects and rural business development projects.
Description: Provides guaranties of loans to finance value-added agricultural projects and rural development projects that result in the creation of new jobs in the state of Indiana.
Program/Project Title: Capital Access Program (CAP)
Program Began: 1993
Contact Person: Matt Tuohy
Cost/Funding: Creates a cash reserve fund as security for the lender.
Target Group: Loans for equipment, livestock, buildings, operating lines of credit, and other farm related or business needs.
Description: The borrower, the lender and the IEDC each contribute a percentage of the loan into the lender’s reserve fund, which pools contributions from all CAP loans.
Program/Project Title: Aggie Bond Program {Indiana Finance Authority: 317-233-4332}
Program Revived: 1999
Cost/Funding: IFA sets aside $10 million of volume cap each year for aggie bonds.
Program/Project Title: Treasurer’s Agricultural Loan Program (TALP)
Program Revived: 2007
Contact Person: Treasurer’s Office {317-232-6386 www.in.gov/tos/}
Target Group: TALP offers low interest loans through qualified institutions for agricultural production needs. Qualifications
subject to change annually.
Description: Funds will be deposited in the form of a certificate of deposit (CD). CD’s are not in any way pledged to the institutions in the event of a loan default. The financial institution may charge up to 2.5 percent more than the rate determined by the Treasurer of the State.
Indiana Cooperative Development Center
Debbie Trocha, Executive Director
6640 Intech Boulevard, Suite 150
Indianapolis, IN 46278
Telephone: (317) 275-2247
E-mail: dtrocha@icdc.coop
Description: The Indiana Cooperative Development Center (ICDC) is a non-profit corporation which operates statewide to provide technical assistance and education and training to facilitate the creation of cooperative business ventures in addition to other collaborative business groups, i.e. LLC’s, marketing alliances, etc. Technical assistance is provided through the ICDC staff and the Cooperative Enterprise Network (CEN) which consists of 20 economic development professionals located throughout the state who work locally with groups forming cooperative and other collaborative businesses.
The ICDC facilitates groups through the business development process to include: strategic planning assistance; market analysis; assistance with feasibility studies; assistance in writing the business plan; board, management and staff training; professional referrals; identification of funding sources; review of grant proposals; assistance in developing legal documents. The ICDC is committed to building sustainable businesses where people work together to meet their needs and reach their goals. While we provide assistance to cooperatives in all industry sectors, our strategic initiatives include value added agriculture, renewable energy, housing, and community
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