LEBANON, Ind.- The Boone County Economic Development Corporation (Boone EDC) has partnered with Mainvest, an investment platform enabling small businesses to harness community investment to fuel their growth. The two organizations have launched “Investing in Boone County” a program to enable individuals to become investors in Boone County’s small business community, providing local entrepreneurs with the capital they need to grow their businesses while deepening their connection with the surrounding community.
“In 2022, the Boone EDC met with over 30 small businesses in the County, and many of the entrepreneurs identified capital as one of their biggest barriers for growth,” said Claire Collett, Boone EDC Entrepreneurship & Innovation Manager. “Last year, the Boone EDC distributed over $54,000 through our existing Microloan program, but we recognize that this funding source may not fit every business’ needs. It’s our mission to provide entrepreneurs with as many opportunities to be successful in our community, so we are particularly excited about this new partnership.”
Over the past five years Mainvest has helped over 350 small businesses across America access capital to maintain and grow their small businesses, providing local communities with great food, good beer, local jobs, local wealth building opportunities and spaces that support and build community. Through Mainvest’s innovative platform, anyone can become an investor in their community, investing with as little as $100 in local businesses and real estate offerings, strengthening the connection people have to their small businesses while providing capital on friendly terms to local entrepreneurs.
“Small businesses are the backbone of our communities. They provide us with the food we love, the products we need and the spaces that build and foster stronger, more connected, communities,” said Jonathan Berk, Mainvest’s VP of Growth and Partnerships. “We’re thrilled to partner with the Boone EDC to give Hoosiers the opportunity to invest directly in the success of their communities and local entrepreneurs.”
Anyone interested in learning more about how they can utilize this program to access funds for their business or sign up to be alerted to new investment opportunities in Boone County entrepreneurs can sign up on the “Investing In Boone County” page here: mainvest.com/boonecounty.
About Boone County Economic Development Corporation
The Boone County Economic Development Corporation (Boone EDC) is the economic growth engine for Boone County, Indiana. We build better communities by attracting and supporting business, creating life-enhancing jobs, places, and spaces. For more information, visit www.betterinboone.org.
Mainvest, based in Salem, MA, is an investment marketplace connecting everyday investors with vetted SMBs. We allow small businesses to secure flexible capital in the form of community investment while giving retail investors access to previously inaccessible investment opportunities in an emerging asset class. Through Mainvest, small businesses who previously struggled to access growth capital can use community investment to fuel their growth. Meanwhile, investors across socioeconomic status and experience level can build a localized portfolio of previously inaccessible small businesses. Using new regulations made possible under the JOBS Act, Mainvest is on a mission to democratize access to capital and access to investment, disrupting the way that local economies grow. Mainvest is a Regulation Crowdfunding (RegCF) portal regulated by FINRA.