INDIANAPOLIS (May 9, 2019) – The Indiana Small Business
Development Center
(SBDC), which is a program of the Indiana Economic Development Corporation
(IEDC), honored 14 small businesses today for their work to help grow Indiana’s
economy and strengthen communities across the state.
“With more than 512,000 companies employing
1.2 million Hoosiers, small businesses play a critical role in maintaining
long-term economic growth in Indiana and supporting good jobs in our
communities,” said Elaine Bedel, president of the IEDC. “As a state,
we’re committed to building on the entrepreneurial climate that has helped
launch companies like the ones being honored today and equipping Hoosier
innovators with the tools they need to start and grow their dream
businesses.”
Each award winner received business counseling
from the Indiana SBDC, which provides entrepreneurs with expert guidance and
resources on how to start and grow a business, including strategy development,
business planning and valuation, export assistance and market research. The
Small Business Impact Awards annually honor small businesses that received
assistance from the organization’s 10 regional offices.
This year, the Indiana SBDC unveiled four new, statewide awards at its program,
recognizing the contributions of clients who have made a significant economic
or community impact in Indiana. The 2019 honorees are:
- Community Impact Award: Bodyworks Studio (Logansport), founded by Natasha
Walters in 2011, is a yoga studio offering programs and services aimed at
boosting Hoosiers’ physical, emotional and spiritual health. At its two
locations in Logansport and Monticello, the company provides yoga classes
for all body types and fitness levels and nutrition programs emphasizing
locally-grown products. Bodyworks Studio continues to utilize the Indiana
SBDC’s expert assistance to enhance its business plan and secure
additional financing. Along with Bodyworks Studio’s local food initiative,
Walters volunteers at the Logansport Juvenile Correctional Facility,
teaching young offenders through the facility’s Insight Garden Program,
which combines permaculture gardening principles with meditation and mindfulness
techniques to support their acclimation back into society.
- Innovative Small Business of the Year: Heliponix (Evansville), led by Purdue University
graduates Scott Massey and Ivan Ball, is an agbioscience startup that
commercialized an automated, aeroponic appliance called a GroPod™ to allow
consumers to grow produce in the convenience of their own homes. The
company’s innovative technology cultivates produce three times faster than
conventional farming methods, using 95 percent less water and without
pesticides. For example, the GroPod™ can yield a full head of leafy greens
in a single day. Since its inception in 2016, Heliponix has utilized the
Indiana SBDC, Purdue Foundry and Elevate Ventures, the IEDC’s venture
development partner, to fuel its growth in Indiana.
- Social Enterprise of the Year: Bitchstix (Indianapolis), founded by
Indianapolis-native Emily Kennerk in 2016, is a face and skin care company
selling lip balms and skin products made with organic,
environmentally-friendly ingredients. To support its growth, Kennerk
worked with the Indiana SBDC on an exporting strategy, which allowed her
to expand into Canadian and European markets. Sales have doubled each year
since the company was started, exceeding $400,000 last year, and the company’s
brand and social impact continue to gain recognition throughout central
Indiana. In support of the community, Bitchstix encourages retailers each
year to nominate domestic violence awareness or sexual assault prevention
programs to receive charitable support from the company.
- Veteran Small Business of the Year: Hotel Tango Artisan Distillery (Indianapolis) is the first combat-disabled, veteran-owned distillery in the nation and the first artisan distillery in Indianapolis since Prohibition. The company’s name was inspired by owner Travis Barnes’ military background, which included three tours in Iraq with the U.S. Marines. After launching, Barnes, along with his wife, Hilary, utilized the Indiana SBDC for permitting assistance and market research, and continue to work with the organization as they expand production and distribution. Additionally, the distillery closed on a $2 million Series A funding round. Hotel Tango also hosts an annual event with the Hoosier Veterans Assistance Foundation called Operation Alpha to support Hoosier veterans throughout the state.
The 2019 Small Business Impact Award recipients, based on the Indiana SBDC’s 10 regional offices, are:
- Central: NinjaZone
(Indianapolis), founded by Casey Wright in 2014, offers a sports-focused
children’s activity curriculum fusing martial arts, gymnastics, obstacle
training and freestyle movement to fuel the athletic and character
development of boys and girls ages 18 months to 13 years old. The company,
which licenses its curriculum to more than 300 gyms and serves over
100,000 children globally, also runs a competition series, the Ninja
Games, to showcase the skills and experience children obtain while
participating in the program. With Indiana SBDC one-on-one counseling,
NinjaZone created a strategic plan aimed at boosting brand recognition and
attracting capital. In recognition of the company’s success, Wright was
also named the U.S. Small Business Administration’s 2019 Small Business
Person of the Year in Indiana.
- East Central: Farmhouse
Creative (Muncie), founded by Angie Rogers-Howell in 2012, is a
woman-owned marketing and branding firm specializing in print and digital
marketing. From brand strategy and content management solutions to print
marketing materials and website design, the company, which currently has
three full-time employees, offers a one-stop shop for marketing services
for small businesses and nonprofits in Indiana. Farmhouse Creative
continues to work with the Indiana SBDC to enhance its business model and
marketing strategies.
- Hoosier Heartland: Little Engine Ventures (Lafayette) was launched by
Daryl Starr and Mikel Berger in 2016 as an investment partnership focused
on acquiring numerous small businesses per year. The firm’s present focus
is in north central Indiana with revenue below $10 million. Little Engine
Ventures regularly utilizes the Indiana SBDC for industry-specific market
research. The partnership then deploys a one-of-a-kind investment strategy
in Indiana and surrounding states, with a goal to encourage company growth
by integrating new technologies and operating processes.
- North Central: Ninja
Golf! (Granger), founded by John Miller in 2017, is a Japanese
garden-themed miniature golf complex with three nine-hole courses, a
Kabuki theatre, laser maze and a snack bar featuring traditional Japanese
food and beverages. By leveraging Indiana SBDC services such as market
analysis and loan assistance, the company was able to overcome key
challenges in launching its first Ninja Golf! facility and plans to scale
the business with additional locations and franchises.
- Northeast: Spectrum
Virtual Reality Arcade (Fort Wayne), a virtual reality games and
experiences arcade, was started by Waylon Fisher and Brandon Barker, who
both participated in Fort Wayne Community Schools’ New Tech Academy. After
working with the Indiana SBDC on the company’s business plan and financial
projections, and applying the 21st-century technology skills obtained
through the academy, the entrepreneurs opened their first location in Fort
Wayne and have since added a second. Spectrum Virtual Reality Arcade
allows its customers to immerse themselves in games using virtual reality
headsets in rooms that accommodate multiple users.
- Northwest: Lokring
Midwest (Valparaiso), an exclusive distributor of Ohio-based Lokring Technology
weld alternative pipe and tube fittings, is a veteran-owned business
serving nuclear, petrochemical, health care, steel and defense customers
across the Midwest. Started by U.S. Army-veteran Steve Burke in 2009, the
company, which has four full-time employees in northwest Indiana, has
undergone multiple expansions with the help of the Indiana SBDC and plans
to break ground on a new warehouse this year.
- South Central: Matrix
Integration (Jasper), founded by entrepreneur Brenda Stallings in 1979, is
a certified Women’s Business Enterprise and IT solution provider providing
technology infrastructure, professional services and lifecycle-managed
services. To support its growth, the Indiana SBDC offered location
assistance to Matrix Integration, which allowed the company to expand and
hire more Hoosiers. The company now has 80 employees across three
locations in Indiana and Kentucky, serving more than 1,000 companies in
industries ranging from finance and utilities to higher education and
manufacturing.
- Southeast: Indiana
Caverns (Corydon) is a family tourist destination offering tours and
exhibits to the Midwest’s longest cave and the 7th largest cave in the
nation. In 2012, the caverns were developed under the leadership of
Gary Roberson, who had been actively exploring the cave system since 1967.
As part of the Binkley Cave System, in total spanning more than 44 miles
and still growing, the Indiana Caverns attracted more than 35,000 visitors
in 2018, allowing its guests to experience attractions and explore the
cave system at 110 feet below ground. The company is committed to
increasing awareness of southern Indiana’s rich geological history, and,
with Indiana SBDC assistance in securing financing, adding new attractions
to enhance the tourism industry in Harrison County.
- Southwest: Tri-State
Cylinder Head (Evansville), which specializes in high-precision, cast-iron
welding and machining, is a HUBZone-certified manufacturer founded by Ron
Schmitt in 1991. With the help of market reports drafted by the Indiana
SBDC, the business was later purchased by Lucas Recker and Kyle Sharrer in
2017. The company recently announced plans to nearly double its workforce
and invest more than $2.5 million to upgrade its 20,000-square-foot
facility in Evansville, installing state-of-the-art equipment and custom
welding infrastructure to support increased demand for its cylinder head
remanufacturing.
- West Central: Honeysuckle Hill Bee-stro (Brazil), which opened in 2017, is a family-owned, seasonal restaurant integrating honey produced by owners and local beekeepers, Andy and Jodi Lohrman, in its recipes. The restaurant also hosts private events and has a gift shop featuring its honey and locally-made home and kitchen products. When starting its business, the Bee-stro worked with the Indiana SBDC on its business plan, financial projections and marketing strategy.
Additionally, Matrix Integration and Tri-State Cylinder Head utilized services provided by the Indiana Procurement Technical Assistance Center to fuel their growth in Indiana.
These awards are presented in conjunction with the U.S. Small Business Administration (SBA)’s National Small Business Week. Governor Eric J. Holcomb also issued a proclamation this week declaring May 5-11, 2019 as Small Business Week in Indiana, highlighting the important role small businesses play in Indiana’s economy. Indiana received an ‘A’ grade for ease of starting a business (Thumbtack 2018), and ranks No. 1 in the Midwest and No. 6 in the nation for entrepreneur friendliness (SBE Council Small Business Policy Index 2019).