Elevate Ventures 2014 Annual Report

Page 21

Elevate Investments.................................... $1,404,740

economic development by creating new high-skill, high-wage jobs. The main goal is to make the fund sustainable to support future businesses. The AIF invested $100,000 in one company in 2014.

P rivate Funding from Elevate’s Northeast Indiana Investor Network............ $4,213,980

In addition to assistance, we developed Elevate’s Northeast Indiana Investor Network, which connects companies to private capital and has been recognized as the state model. This network is comprised of over 150 angels/accredited investors who are interested in quality investable deal flow in the Northeast region and across the state. We held our first meeting in April and have met every other month since. Over $200,000 in private dollars was invested in companies as a result of each meeting. In total, more than $5,618,720 was invested in Northeast Indiana by Elevate and private investors.

Saint Joseph

Elkhart

LaGrange

Steuben

Noble

De Kalb

LaGrange

Steuben

Noble

De Kalb

La Porte

Porter

Lake

Marshall

Starke

Kosciusko Pulaski

Whitley

Fulton

Allen

Benton

nt

in

gt

Wabash

Wells

Hu

Miami

Cass

on

Ne

wt

on

Jasper

White

Clinton

Tipton

Boone

Hamilton

Jay

Delaware Madison

Henry Parke

Putnam

Hendricks

Rush Morgan

Adams

Fayette

Union

Shelby

Johnson

Clay

Franklin Owen

Decatur Monroe

Sullivan

Wells

Wayne

Hancock

Marion

Wabash

nt

Randolph

Hu

Vermillion

Montgomery

on

Tippecanoe

Fountain

Brown

Bartholomew

Jennings

Martin

Daviess

Ripley Dearborn

Greene Lawrence

Knox

Allen

rd

kfo

ac Bl

gt

Grant

in

Warren

Vigo

Whitley

Adams

Carroll Howard

A total of 27 companies in Northeast Indiana completed Elevate’s Economic Gardening program, described elsewhere in this report.

Jackson

Ohio Switzerland

Washington

Scott

Jefferson

Orange Clark Gibson

Pike

Dubois

Crawford

Floyd

de

rbu

rgh

Harrison Posey

Va n

Our work in Northeast Indiana wouldn’t be as successful without the help of local individuals and organizations such as the Northeast Indiana Regional Partnership, local economic development organizations, academic institutions, community development organizations, foundations, local officials, and many other stakeholders throughout the region.

$5,618,720

Total 2014 Investment

Warrick Spencer

Perry

19


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