Raquel Bahamonde, Author at The Central Indiana Corporate Partnership

TechPoint issues positive progress report for its Mission41K initiative

Raquel Bahamonde2023-08-01T07:14:10-04:00July 24, 2023|

TechPoint, the growth initiative for Indiana's tech sector, has released a progress report on its Mission 41K initiative aimed at growing the tech sector by 41,000 jobs by 2030. The initiative, which launched in September 2022, has shown progress as Indiana has grown its tech workforce by 5.6 percent, which is double the national tech workforce rate last year. According to TechPoint, since it launched the initiative more than 100 individuals and organizations have taken the Mission41K pledge. The report shows that 92 percent of all jobs in Indiana require some level of tech skill. Tech employment in Indiana stands at 118,872 jobs at nearly 9,300 tech companies. TechPoint's report shows that those companies posted more than 55,000 open positions last year. [READ FULL REPORT] In a recent Inside INdiana Business article, Dennis Trinkle, senior vice president of talent, strategy [...]

Business Equity for Indy launches free membership program

Raquel Bahamonde2023-07-20T08:57:49-04:00July 20, 2023|

INDIANAPOLIS (July 20, 2023) – Business Equity for Indy (BEI), a collective of local organizations committed to advancing racial equity and driving results for Black residents and residents of color, announces a new, free membership program. Through the new, free membership program, organizations will transparently share their commitment to and progress toward advancing racial equity. It is also an opportunity to join a collective, like-minded effort to learn best practices and find new resources to support their strategies for equity and inclusion. “We are thrilled to introduce our membership program, which is a critical catalyst for change in Indianapolis. By joining forces with Business Equity for Indy, organizations can make a tangible impact in addressing racial disparities while unlocking the immense potential that diversity and inclusion bring to their businesses,” said Jeffrey Harrison, chair of Business Equity for Indy and [...]

Central Indiana Corporate Partnership and initiative leaders named to the IBJ Indiana 250 list of most influential business leaders in Indiana

Raquel Bahamonde2023-07-20T07:45:10-04:00July 20, 2023|

INDIANAPOLIS (July 20, 2023) – The Central Indiana Corporate Partnership (CICP) is announcing that its CEO and four of its talent and industry sector initiative leaders have been named to the Indianapolis Business Journal’s prestigious list of the 250 most influential business leaders in Indiana. The list represents the people who are making an undeniable impact on the state. Named to the list from CICP are the following: Melina Kennedy, CEO, Central Indiana Corporate Partnership Mitch Frazier, president and CEO, AgriNovus Indiana Jason Kloth, president and CEO, Ascend Indiana Fred Cartwright, president and CEO, Conexus Indiana Ting Gootee, president and CEO, TechPoint Some of the groundbreaking projects CICP and its initiatives have been involved in include the creation of the 16 Tech Innovation District, the Indiana Biosciences Research Institute, Business Equity for Indy, the Indiana GPS Project, the Indiana Seed [...]

TechPoint issues Q2 2023 Indiana Tech Venture Report: Steadying pace towards market equilibrium between startups and investors

Raquel Bahamonde2023-07-17T15:05:10-04:00July 17, 2023|

The venture capital landscape today, with regards to deal flow, looks similar to that of the early months of the pandemic in 2020. Crunchbase data showed global venture funding in Q2 2023 fell 18% quarter over quarter to $65 billion, down 49% compared to the second quarter of 2022, when startup investors spent $127 billion. The first half of 2023 is down by similar proportions. In H1 2023, global funding reached $144 billion, marking a 51% decline from the $293 billion invested in H1 2022 and a 10% decline from the second half of 2022. “The trickle-down market effect from later-stage deals now to the seed and early-stage deals, especially around decreased valuation, has been shaping this year’s activities,” explained TechPoint President and CEO Ting Gootee. “This has a significant impact on an emerging venture community like ours where most founders are [...]

IIB: Grads: Stay Open to Possibilities; Stay in Indiana for Opportunities

Raquel Bahamonde2023-07-11T16:02:41-04:00July 11, 2023|

Graduations of all shapes and sizes – kindergarten, middle school, high school, certificate programs, and universities have just happened, leading students to their next chapter in life. Regardless of your age, I wonder if you knew exactly what you wanted to do when you graduated from high school or even what you want to do right now. Or, if you have the exact job tied to exactly what you studied. Too many people think that once they earn their degree, they need to know precisely what job they will be in now, in the near future and even down the road. But for most people, so much can change and keeping an open mind and thinking broadly about what the future holds can make all the difference in the world. CICP CEO Melina Kennedy offers more in this Inside INdiana Business Perspectives piece. [READ [...]

Nearly 60% of Hoosiers have engaged in entrepreneurship; more than 12% are business owners, according to new survey

Raquel Bahamonde2023-07-18T10:44:25-04:00June 27, 2023|

INDIANAPOLIS (June 27, 2023) – New research from NORC at the University of Chicago finds that more than half of all Hoosiers have participated in at least one entrepreneurial activity, which includes involvement in or steps toward business ownership or freelancing. However, the survey shows that current business planners and other potential entrepreneurs could benefit from more resources and support. The data comes from Entrepreneurship in the Population: Indiana (EPOP-IN), a survey commissioned by the Central Indiana Corporate Partnership (CICP). “A thriving entrepreneurial ecosystem is a critical part of having a dynamic economy. We wanted to dive into some of the motivations that drive business owners,” said Melina Kennedy, CEO, Central Indiana Corporate Partnership. “Likewise, we wanted to identify reasons that people are hesitant to start new businesses so we can find more resources and ways to encourage entrepreneurial growth.” [...]

Entrepreneurship in the Population: Indiana (EPOP-IN)

Raquel Bahamonde2023-06-27T09:57:22-04:00June 27, 2023|

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Purdue University and Indiana University Officially Split IUPUI

Raquel Bahamonde2023-07-13T08:08:43-04:00June 14, 2023|

(Photo courtesy: Purdue University) On June 14, 2023, Purdue University trustees and Indiana University trustees simultaneously approved the agreements that will effectively dissolve Indiana University-Purdue University Indianapolis (IUPUI) on June 30, 2024. At the same time, Purdue University established Purdue University in Indianapolis, that will consist of multiple locations around the city providing degrees from Purdue University West Lafayette. The urban campus will assume responsibility for the existing engineering, computer science and technology programs at IUPUI. Purdue also plans to grow several other colleges and departments in Indianapolis including the Daniels School of Business, Pharmacy, Health and Human Sciences, Science and Agriculture. [READ MORE] Indiana University (IU) established Indiana University Indianapolis. Following the joint announcement, IU announced that it plans to double enrollment in key tech-focused academic programs; invest in expanded research and laboratory space; and expand the [...]

Putting Tech to Work in Critical Industries: Indiana’s potential as a global leader for technology application and adoption

Raquel Bahamonde2023-06-13T10:39:49-04:00June 13, 2023|

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New TEConomy/TechPoint report shows tech adoption and cross-sector collaboration as key economic growth drivers for Indiana

Raquel Bahamonde2023-06-13T10:33:31-04:00June 13, 2023|

INDIANAPOLIS (June 13, 2023) — A report commissioned by TechPoint details a need to take advantage of a unique opportunity to position Indiana as a global leader in technology application and adoption beyond the traditional tech sector and into the state’s strongest advanced industry sectors. TechPoint, Indiana’s industry-led growth initiative for Indiana’s digital innovation economy and overall tech ecosystem, worked with TEConomy Partners LLC to examine Indiana’s tech sector and the degree to which tech is increasingly an embedded core competency driving economic growth across Indiana’s advanced industry sectors. Researchers used occupational data and provided an in-depth assessment and comparative analytics of tech penetration in Indiana’s major industries and business sectors. “Nearly every key sector of Indiana’s economy lags the nation in its share of tech and tech-enabled employment, which presents a great opportunity for us,” TechPoint President and CEO Ting [...]

About Raquel Bahamonde

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