Education & Workforce Development

Ivy Tech offers fast degree for at-risk students

December 4, 2009
Associated Press
Ivy Tech Community College is offering at-risk students a chance to earn an associate's degree in just 10 months instead of two years.
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Ivy Tech names new academic programs chief

December 3, 2009
 IBJ Staff
Mary Ostrye, 52, will have oversight of 150 different academic programs at Ivy Tech's 23 campuses around the state.
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State sues teachers' union for securities fraud

December 2, 2009
J.K. Wall
The Indiana Secretary of State's securities division says Indiana State Teachers Association can't account for $23 million intended for school districts, requests assets be frozen.
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University of Indianapolis education center receives $7.5 million

November 28, 2009
 IBJ Staff
Lilly Endowment Inc. gave another $7.5 million to a team of education experts at the school's Center of Excellence in Leadership of Learning.
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Lumina awards $831,000 to state chamber, commission

November 23, 2009
The Indiana Chamber of Commerce and the Indiana Commission for Higher Education announced Monday afternoon that the Lumina Foundation for Education has awarded them $831,000 to help fund an initiative designed to increase the number of college graduates.
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Scott Watanabe looks to transform digital textbooksRestricted Content

November 14, 2009
J.K. Wall
Watanabe, son of the late Eli Lilly and Co. scientist, has hired investment bankers to help raise $10 million for his business, Encompass Media.
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HICKS: Content expertise best basis for teacher licensingRestricted Content

November 14, 2009
Mike Hicks
At a time when we are desperate for science and math teachers, and when several big firms are laying off scientists, we should be jumping at the chance to get them into the classroom.
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Voters OK Hamilton Southeastern school-funding tax hike

November 10, 2009
 IBJ Staff
Voters in the Hamilton Southeastern school district on Tuesday overwhelmingly approved a bump to their property taxes to provide the growing system an extra $5.5 million in funding each year for the next seven years.
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Indiana voters trending against schools in tax votes

November 7, 2009
Associated Press
Indiana voters seem willing to pay more in property taxes to help school districts cover operating costs. The results of last week's referendums, however, continue the trend against supporting plans for bigger, better schools during tough economic times.
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IUPUI mulling options for old Wishard Hospital siteRestricted Content

November 7, 2009
J.K. Wall
The most obvious use for the old Wishard site is an expansion of the Indiana University School of Medicine, particularly for medical research space, university administrators said.
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Education cuts could be coming, state schools chief says

November 5, 2009
Associated Press
Indiana's school chief warned school superintendents Thursday that declining state revenues could force cuts in public education spending, education officials said.
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Beech Grove school referendum passes, two others fail

November 4, 2009
Voters in Beech Grove on Tuesday endorsed a tax increase to keep school buses operating, while other education-related measures in two Marion County townships failed.
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Indiana students excel in some types of mathRestricted Content

October 31, 2009
Scott Olson
Indiana schools are making huge strides in teaching students math required for careers in science, engineering and information technology jobs. But education experts point to stagnant test scores on national math exams as confirmation that many students still are not excelling, or are not even proficient, in the subject.
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Orr Entrepreneurial Fellowship program expands

October 31, 2009
 IBJ Staff
Due to high demand, the Orr fellowship will place 20 fellows starting with its 2010 class. It anticipates placing 40 fellows in 2011 and 80 in 2012. The program is designed to match top graduates of Indiana colleges with entrepreneurial companies.
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State's college graduation rates bedevil education experts

October 31, 2009
J.K. Wall
Just over half of students at state-supported, four-year institutions in Indiana graduate within six years—a tremendous waste of resources by both students and taxpayers. The number of citizens with bachelor’s degrees is one of the surest indicators of economic success in a 21st century economy driven less by workers’ hands and more by their heads.
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Ball State to offer new degree at downtown Indianapolis campus

October 24, 2009
 IBJ Staff
The master of urban planning degree offered downtown will use the city as an urban laboratory.
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Indianapolis-based FAST Diagnostics gets funding from BioCrossroads' seed fund

October 24, 2009
 IBJ Staff
Money will help the company refine its tool to treat acute kidney injury.
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ITT stock swoons despite higher profits, enrollment

October 22, 2009
J.K. Wall
Investors dumped shares of ITT Educational Services Inc. on Thursday morning as the company remained mute on its year-end profit forecast while announcing that its bad-debt expenses were rising faster than revenue.
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Big profits elevate ITT Educational into rare classRestricted Content

October 17, 2009
J.K. Wall
CEO Kevin Modany and his management team have become accustomed to regulatory uncertainty—and to growing the business at a pace most executives can only dream about.
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WNDY to broadcast 13 Butler games

October 16, 2009
 IBJ Staff
Local TV station WNDY Channel 23 announced Friday that it will broadcast 13 Butler University men's basketball games this season, starting with the Bulldogs' Nov. 21 game at the University of Evansville.
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Progress stalls on national, state math scores

October 15, 2009
 IBJ Staff and Associated Press
Indiana's students outscored the national average in mathematics on the 2009 National Assessment of Educational Progress, but the results show little improvement over previous years.
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ROOB: Math proficiency a must for work force

October 10, 2009
Mitch Roob / Special to IBJ
The recent slump in the domestic auto industry reminds us of the importance of innovation and creating something that will be attractive to the consumer tomorrow. Companies that don’t foresee and adapt to the changing needs of their consumers ultimately fail.
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Anonymous donor gives $5 million to Marian University

October 8, 2009
 IBJ Staff
Marian University has received an anonymous $5 million gift to support student scholarships, the Indianapolis-based school announced Wednesday.
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IU: Indiana economy turned in March

October 7, 2009
Norm Heikens
The Indiana economy turned up in March, but the recovery has been slow and dogged. That's the picture painted by a new monthly index unveiled Wednesday by the Indiana Business Research Center within the Kelley School of Business at Indiana University.
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Ivy Tech building new campus in Anderson

October 7, 2009
 IBJ Staff and Associated Press
Ivy Tech Community College will build a $20 million campus along Interstate 69 in Anderson, school and city officials announced Tuesday.
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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