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Noble expands into eastern Indiana

IBJ Staff
August 24, 2010
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Indianapolis-based not-for-profit Noble of Indiana announced on Tuesday that it has expanded into eastern Indiana to provide employment services for people with disabilities in Fayette, Franklin, Henry, Randolph, Union and Wayne counties.

Four Noble employees leading the effort will be based in Richmond.

Founded in 1953, Noble serves more than 2,000 children and adults with disabilities in central Indiana.With a $10.8 million annual budget that’s been flat the past few years, the organization is searching for ways to grow revenue, Noble CEO Clint Bolser said.

“In hindsight, we’ve got to look at opportunities to expand,” he said. “That’s why we thought this was a good opportunity.”

Noble is funded in part by Vocational Rehabilitation Services, a program of  the state’s Family & Social Services Administration, based on its success in placing clients in jobs.

Noble will be competing with two other providers in eastern Indiana, Bolser said.

In February, Noble launched a program to expand its services to include in-home support.

Noble said the in-home service was prompted by more disabled adults living under a Medicaid-funded arrangement than in group homes.
 

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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....

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