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June 5th, 2020

Southwest Indiana Commits Funding to Expand Tech Workforce

EVANSVILLE, Ind. – Elevate Southwest Indiana, an entrepreneurial partnership between Elevate Ventures and the Economic Development Coalition of Southwest Indiana, in conjunction with Vectren, a CenterPoint Energy company, has provided financial backing to bring Eleven Fifty Academy to southwest Indiana. Classes will be initially provided online starting June 15.

Eleven Fifty Academy is an Indiana non-profit that provides computer coding classes, primarily in the form of 12-24-week bootcamps, where students with no prior coding experience can become proficient through the Academy’s immersive curriculum. The Eleven Fifty bootcamp options are valuable resources to enhance the area technology pool of skilled workers. The Academy currently has an 83 percent placement rate with an average salary of over $55,000.

“We are grateful for the partnership with Elevate Southwest Indiana and Vectren,” said Scott Jones, founder and president of Eleven Fifty Academy. “Their support is essential to transforming lives by rapidly ramping students into rewarding careers in the Evansville area.”

The funds provided by Elevate Southwest Indiana and Vectren will be matched by the Academy, through a grant provided by the Indiana Economic Development Corporation, to provide a total of $160,000 in the form of tuition support. The tuition fund, which is titled Progressive Income Share Agreement (PISA), will provide students from the southwest Indiana region zero interest financial aid that is only paid back once the student is hired.

“Our commitment to Eleven Fifty Academy has the potential to create jobs that are high-paying and in high-demand, which will ensure the region has the talent needed for a 21st-century workforce” said Greg Wathen, president and CEO of the Economic Development Coalition of Southwest Indiana.

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