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Center for closely held businesses

Old National Bank Center for Closely Held Business

The Old National Bank Center for Closely Held Business is the leading authority on information for closely held (privately owned) businesses. Housed within Butler’s Lacy School of Business, the Center connects closely held businesses with the resources and advisors needed to successfully grow their business. Through engagement with the Center, clients are given the tools to resolve current challenges and anticipate or head off future challenges.

Our Story

As he got to know the Indiana business community, Dean Steve Standifird realized the heart of that community can be found in the state’s more than 500,000 closely held businesses. Learn more about our beginnings


Programming will be held across the state of Indiana. Learn more about upcoming and recent programming.

About the Center

Our Team

The leaders of the Center are professionals who understand the unique challenges facing closely held business, who can anticipate the pressing questions firms are likely to ask, and who can identify the questions firms should be asking given their current stage of development and future aspirations. Learn more about our team.

Economic Impact

Closely held businesses are critical to the vibrancy of Indiana’s economy, with around 2.5 million employees statewide—more than one-half of the state’s workforce. The state counts more than 150,000 closely held businesses with employees and another 390,000 closely held businesses that are solely owned with no other employees. The Center is an engine of economic growth for this critical segment of Indiana’s economy. Learn more.

LSB Student

Student Involvement

The Center advances the Lacy School of Business’s commitment to experiential education by serving as a conduit between closely held businesses, faculty, and students. The Center facilitates student internships, faculty externships, case-writing, live “feature companies” for classes, guest lecturers for classes and clubs/organizations, and collaborations between closely held businesses and faculty for both applied and basic research. Learn more about our team.