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Records - Jan. 23, 2012

IBJ Staff
January 21, 2012
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Bankruptcies
Jerusalem Temple Apostolic Faith Assembly Inc., 2125 E. 54th St., 46220, Chapter 11 reorganization, liabilities: n/a; assets: n/a.

Fundraising
Team MAMMMagRAPHICS Race for the Cure to benefit from a fundraiser Jan. 24 at 5:30 p.m. at La Mie Emilie, 15 W. Main St., Carmel. Contact Rhonda at 844-6629 or rkile@alphagraphics.com.

Trinity Free Clinic to benefit from Tailgate for Care, its annual Super Bowl-themed fundraiser, on Jan. 27 at 6:30 p.m. at the Ritz Charles. Tickets: $30 per person or $240 for a table of eight. Contact: Elaine Murphy at 201-7621.

Concord Neighborhood Center to benefit from Super Zumbathon on Jan. 28 from 1:00-2:30 p.m. A $10 minimum pledge is required to participate. Contact: 637-4376, ext. 11.

Spay-Neuter Assistance Program is collecting donations throughout February to raise money for its Have a Heart spay/neuter surgery program. Contact: info@spayneuterservices.org.

Make-A-Wish-Foundation to benefit from the inaugural 93.5 FM Request-A-Thon, from 9 a.m. Feb. 9 through 6 p.m. Feb. 10, sponsored by Old National Bank. Requests are $25. Contact (877) 872-2756.

Central Indiana Affiliate of Susan G. Komen for the Cure to benefit from the ninth annual Pink Tie Ball on Feb. 18 at the Scottish Rite Cathedral. Tickets: $150 per person, $100 for breast cancer survivors. Visit: www.komenindyorg.

United Way of Central Indiana to benefit from Oscar® Night America on Feb. 26 from 5:30 p.m. to midnight at the Marriott downtown. Contact www.uwci.org.

Grants
Chase Foundation granted the IUPUI Solution Center $75,000 to support an initiative to increase student and faculty involvement in the Near Eastside neighborhood.

The Children’s Bureau received a $10,000 grant from Katz Sapper Miller and $10,425 from Baldwin & Lyons as a result of their holiday fundraiser.

Chase Near Eastside Legacy Center was given an additional $150,000 by the JPMorgan Chase Foundation to fund the first year of programming for 12 organizations.

In Recognition
Alan K. Mills was named one of the “2011 Law Firm Rainmakers” by Diversity & the Bar.

OneAmerica was named recipient of Heartland Truly Moving Pictures’ 2011 Persistence of Vision Award.

Dr. Bryan P. Schneider will receive Indiana’s Individual Achievement Award and Indy’s Super Cure will receive the Community Achievement Award at the Susan G. Komen for the Cure Pink Tie Ball on Feb. 18.

Ron Willis was named a Cambridge Who’s Who Executive of the Year in Energy Consulting.

Bill Ehret was named Realtor of the Year by the Indiana Commercial Board of Realtors and was inducted into the Midwest Real Estate News Commercial Real Estate Hall of Fame.

The Hagerman Group was part of the team that received the 2012 AIA Institute Honor Award for Architecture for The Ruth Lilly Visitors Pavilion at 100 Acres at the Indianapolis Museum of Art.•

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  1. Apologies for the wall of text. I promise I had this nicely formatted in paragraphs in Notepad before pasting here.

  2. I believe that is incorrect Sir, the people's tax-dollars are NOT paying for the companies investment. Without the tax-break the company would be paying an ADDITIONAL $11.1 million in taxes ON TOP of their $22.5 Million investment (Building + IT), for a total of $33.6M or a 50% tax rate. Also, the article does not specify what the total taxes were BEFORE the break. Usually such a corporate tax-break is a 'discount' not a 100% wavier of tax obligations. For sake of example lets say the original taxes added up to $30M over 10 years. $12.5M, New Building $10.0M, IT infrastructure $30.0M, Total Taxes (Example Number) == $52.5M ININ's Cost - $1.8M /10 years, Tax Break (Building) - $0.75M /10 years, Tax Break (IT Infrastructure) - $8.6M /2 years, Tax Breaks (against Hiring Commitment: 430 new jobs /2 years) == 11.5M Possible tax breaks. ININ TOTAL COST: $41M Even if you assume a 100% break, change the '30.0M' to '11.5M' and you can see the Company will be paying a minimum of $22.5, out-of-pocket for their capital-investment - NOT the tax-payers. Also note, much of this money is being spent locally in Indiana and it is creating 430 jobs in your city. I admit I'm a little unclear which tax-breaks are allocated to exactly which expenses. Clearly this is all oversimplified but I think we have both made our points! :) Sorry for the long post.

  3. Clearly, there is a lack of a basic understanding of economics. It is not up to the company to decide what to pay its workers. If companies were able to decide how much to pay their workers then why wouldn't they pay everyone minimum wage? Why choose to pay $10 or $14 when they could pay $7? The answer is that companies DO NOT decide how much to pay workers. It is the market that dictates what a worker is worth and how much they should get paid. If Lowe's chooses to pay a call center worker $7 an hour it will not be able to hire anyone for the job, because all those people will work for someone else paying the market rate of $10-$14 an hour. This forces Lowes to pay its workers that much. Not because it wants to pay them that much out of the goodness of their heart, but because it has to pay them that much in order to stay competitive and attract good workers.

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  5. It is sad to see these races not have a full attendance. The Indy Car races are so much more exciting than Nascar. It seems to me the commenters here are still a little upset with Tony George from a move he made 20 years ago. It was his decision to make, not yours. He lost his position over it. But I believe the problem in all pro sports is the escalating price of admission. In todays economy, people have to pay much more for food and gas. The average fan cannot attend many events anymore. It's gotten priced out of most peoples budgets.

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