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Lumina awards $831,000 to state chamber, commission

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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.

The grant is one of seven that Lumina, an Indianapolis-based not-for-profit, awarded nationally as part of its effort to increase productivity and efficiency at universities by promoting changes in the way states fund and deliver higher education.

Other states receiving grants are Arizona, Maryland, Montana, Ohio, Tennessee and Texas. The grant is renewable for up to four years.

Indiana’s grant will help educate legislators, college and university trustees and the business community on how to sustain the performance-funding model for higher education adopted by state lawmakers in the spring.

The model allocates a portion of state funds to colleges and universities based on measures such as the number of degrees completed and how many were completed within four years, and the number of degrees completed by low-income students.

In addition, the chamber and commission plan to launch an in-depth review of institutional and state policy options to help make colleges and universities more efficient.

Lumina advocates reforms to make college more affordable, and accessible, to high school graduates, as well as to adults who want to return to school.




 

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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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