State names new entrepreneurship leader-WEB ONLY

Stephen M. Hourigan began his new duties yesterday as executive director of the Indiana Economic Development Corp.’s small business and entrepreneurship initiatives.

Hourigan, who will focus on encouraging creation of high-growth companies and small businesses, replaces Bruce Kidd. Kidd resigned in December to take a post as senior vice president at Indianapolis research firm Walker Information.

Mitch Roob, Indiana Secretary of Commerce and chief executive of the IEDC, said Hourigan’s background in finance and as an entrepreneur will be a valuable resource for growing Indiana companies.

Hourigan most recently served as a community investor and chief strategic officer for Preferred Financial Solutions Inc., an Indianapolis-based debt-mediation firm. He also worked as a business-development consultant for ChartLogic Inc., a Utah-based health records company.

In addition, he was chief strategic officer for Interthinx Inc., a California-based company specializing in automated fraud protection for the mortgage industry.

Early in his career, he was a senior trader at several New York-based investment firms.

Hourigan’s duties include directing the state’s 21st Century Research and Technology Fund, which provides capital to young companies with the potential to commercialize innovations.

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