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Financial Strategies Mortgage Inc.: Training firm meeting national demand More states require continuing education for mortgage lenders

April 10, 2006

Launched in 1998 by consultant Aaron Wilson, the training firm is cashing in on the national demand for continuing education programs. Revenue topped $5 million last year, a significant jump from the $200,000 the company collected the first year it offered classes. Financial Strategies found its focus in 2000, when the state began requiring loan officers in Indiana to take continuing education classes-even though there weren’t any classes here for them to take. Wilson jumped on the opportunity. “In one…

City gives cultural trail green light: Long-anticipated project could cost $35M to $42M

April 3, 2006

The long-discussed trail will loop through downtown and cost $35 million to $42 million. All the money will come from federal transportation dollars and private contributions. “The trail has been officially approved,” said Brian Payne, president of the Central Indiana Community Foundation, the project’s lead managing partner. “It’s definitely a project that’s going to happen now.” Tourism officials greeted the news with enthusiasm. It’s a “huge win for White River State Park as well as the city,” said Bob Whitt,…

Indiana Avenue looks for revival: Cultural plan: stresses retail, residential growth, and a possible extension

April 3, 2006

Indiana Avenue looks for revival Cultural plan stresses retail, residential growth, and a possible extension Indiana Avenue’s glory days as a haven for black-owned businesses and vibrant nightclubs exists only in the history books. But a plan to revitalize the city’s newest cultural district could restore some of the luster. City leaders completed the blueprint for redevelopment early this year and now are in the early stages of executing a plan that organizers say could take 20 years to play…

NOTIONS: A kid, a shave, a health care dilemma

March 27, 2006

For the second time in his young life, 9-year-old Joey Chamness had his head shaved last week. This time, the skinhead look is voluntary. Last time, it was chemotherapy. On a Thursday afternoon in January 2005, Joey was playing soccer when he felt pain in his left leg. He’d experienced this before, but not this bad. So Joey’s parents called the family pediatrician to schedule an appointment. The following Monday, the doctor took a look and said it was probably…

BULLS & BEARS: I’m all for optimism, but be skeptical, too

March 27, 2006

When viewing the historical record of the stock market, it is clear investors who maintained a positive longterm stance have been rewarded with attractive compounded returns, despite some significant zigs and zags in between. Americans are, on balance, an optimistic bunch, especially when it comes to our outlook for the future. A “best is yet to come” policy has served us well, providing the drive to innovate and improve our country’s standard of living. Nevertheless, when it comes to making…

Turned away, twice: Hot biotech inventor scores coastal cash after local VCs say no

March 27, 2006

When a proven Indiana life scientist invents a promising medical technology, you’d expect local venture capitalists would snap to attention. So when Lafayette-based Ash Access Technology Inc. announced March 14 it had landed $6 million in venture capital, it was surprising to note the names of the investors in the deal. None were based inside state lines. But Dr. Stephen Ash wasn’t shocked. After all, he’s been through this before. “I don’t know what happened,” Ash said. “I was disappointed….

Mega-hotel on city agenda: Pan Am Plaza possible site for 800-room development

March 20, 2006

The city is looking for developers interested in adding 800 hotel rooms downtown, a project that could be accomplished by building a massive, new hotel or augmenting several existing facilities. Insiders say a new hotel is most likely. They picture it on Pan Am Plaza. If that happens, the hotel would become the city’s largest-eclipsing the Indianapolis Marriott by almost 200 rooms. Ideally, the rooms would be available by 2010, when the wraps come off the expanded Indiana Convention Center….

Indiana calls off Monster contract: Newspapers hoping to have some input about state job bank

March 20, 2006

The state’s largest newspapers will have a second chance at weighing in on a state effort to create a new online job bank, thanks to a halt in negotiations between the state and job-search giant Monster. The Indiana Department of Workforce Development and Monster Government Solutions were close to finalizing a fouryear, $2.8 million contract for Monster to develop and maintain a statewide job search and recruitment system when the deal was called off in early March. Monster would have…

You can take it to the bank: Financial experts say state’s economy is rising, merger mania isn’t over and regulatory laws could take a toll

March 13, 2006

On Feb. 24, IBJ Publisher Chris Katterjohn, Managing Editor Greg Andrews and banking reporter Matt Kish sat down with four leaders from Indianapolis’ banking and finance sector: Judith Ripley, director of the Indiana Department of Financial Institutions; Kit Stolen, CEO of Union Federal Bank of Indianapolis; Steve Beck, president and CEO of the Indiana Venture Center; and Keith Slifer, senior vice president of LaSalle Bank. Among the topics of conversation: How’s the state’s economy doing? Are more bank mergers on…

Wishard bounces back, projects $23M surplus: Improved billing, debt collection dry up red ink

March 6, 2006

Wishard Health Services made it back into the black in 2005, three years after posting a staggering loss of $77 million. The not-for-profit, public hospital system expects to record a $23 million surplus on $362 million in revenue when budget totals are final in a few months. Its leaders expect to wind up with another surplus in 2006. Such performance is a noteworthy achievement in the public health universe, said Lynne Fagnani, senior vice president for the Washington, D.C.-based National…

CHRIS KATTERJOHN Commentary: Partisanship: The nemesis of progress

March 6, 2006

Like Mayor Bart Peterson’s Indianapolis Works legislation last year, Gov. Mitch Daniels’ Major Moves bill has become the political football of this legislative season. The rhetoric and posturing associated with the highway funding bill has been as partisan and irrational as it comes. It’s as if the Democrats who oppose Major Moves are trying to compensate for their party’s inability to produce a solution to our state’s highways needs during the previous 16 years of Democratic leadership under governors Bayh,…

Six firms land $6.1M from state tech fund: 21st Century program issues its first grants since 2004; local companies Semafore, Cadent among recipients

February 27, 2006

The state launched the fund in 1999 to invest in new technologies and appropriated $137 million during the first five years of the program. The state awarded no money in 2005, partly because none was available the first half of the year. The administration took the second six months to get acquainted with the fund. Kidd left his job as vice president of the Indiana Venture Center in October to join IEDC. The veteran small-business consultant since has helped reshape…

Ethanol’s secret: Highly touted alternative fuel needs tax subsidies to survive

February 27, 2006

State and local leaders have been crowing about how ethanol plants will bring more jobs to Indiana and put more dollars in the pockets of corn farmers. If that prospect isn’t enough to make votecoveting politicians and corn farmers giddy, General Motors Corp. started singing ethanol’s praises this month in TV ads. Joyous motorists frolic under blue skies-all thanks to ethanol’s promise of cleaner air and energy independence from oil. But there’s another economic reality for motorists who use E85,…

Startup receives first Indiana Seed Fund investment: Purdue-bred SonarMed plans move to Indianapolis

February 27, 2006

Until recently, SonarMed Inc., a startup developing a new type of breathing tube, was just a mailbox at Purdue University. But having recently been awarded the first investment from the BioCrossroads’ Indiana Seed Fund, SonarMed plans to move into office space in Indianapolis, hire 15 to 20 employees before the end of the year and begin seeking U.S. Food and Drug Administration approval for its device. The Indiana Seed Fund was formed last summer and now has $6 million to…

Know where to look for funding:

February 27, 2006

Conventional bank loans Banks provide conventional financing, evaluating loan requests against the socalled “five Cs” of credit. They must feel comfortable that borrowers have: capacity to repay the loan; capital of their own invested in the business; collateral to offer as a secondary source of loan repayment; creditworthiness, based on personal and business borrowing history; and character worthy of the bank’s trust. It’s in banks’ best interest to minimize risk. Loans are made only where the likelihood of being repaid…

City’s cultural districts take artful approach: Five areas use $250,000 in grants on original public art projects

February 13, 2006

Two wall-size murals now welcome people to Massachusetts Avenue. An abstract sculpture that looks like an Alexander Calder tribute sits on a bridge in the Canal District. A towering blue and green obelisk marks the north end of Broad Ripple on College Avenue. The works aren’t part of an elaborate conspiracy by a renegade public artist. They’re the result of two years of careful planning by the city’s Cultural Development Commission. In 2003, the commission designated five areas of the…

Ex-Winona owner under fire: Leland Medical Centers CEO faces fraud accusations, questions about his own bankruptcy

February 13, 2006

Accusations of fraud and other misconduct are piling up against the former owner of Winona Memorial Hospital. Two companies recently joined Winona’s creditors in questioning money transfers made by Texasbased Leland Medical Centers Inc., which owned the nowdefunct Indianapolis hospital from 2002 until a short time before it closed in 2004. Meanwhile, lawyers sorting through the liquidation of Winona still have no explanation for why Leland took $3.6 million from the struggling Indianapolis hospital before it slid into bankruptcy and…

BRIAN WILLIAMS Commentary: Health care is hurting Indiana’s economy

February 13, 2006

Nearly 875,000 Hoosiers lack health insurance, including 165,350 children. Lack of health insurance takes a devastating toll on Hoosiers and the state’s economic health, and the effect of the uninsured will only get worse as their numbers grow. As companies confront rising health care costs, the obvious solution is dropping or scaling back health-insurance benefits. As a result, the number of uninsured increases, resulting in a premium cost shift to the insured and increased cost for government-provided health care. Over…

IPOs take minor dip in 2005: Analysts stay optimistic; 3 Indiana companies set to go public in early ’06

January 30, 2006

Three Indiana companies took the plunge to go public last year, two less than the number that did so in 2004. The state’s slight dip in initial public offerings mirrors the slump in activity nationally. But Indiana appears to be off to a fast start for 2006. Three other Hoosier companies filed to go public late last year, but had yet to complete their IPOs by year’s end. Overall, the number of companies that went public on the major U.S….

African-American museum pushes back opening date: Group starts public fund-raising campaign Feb. 4

January 30, 2006

Civic leaders announced in 2004 they hoped to raise $50 million to build the Indiana Museum of African American History in White River State Park by 2008. On the eve of the museum’s first public fund-raiser-a black-tie dinner at the downtown Westin Hotel on Feb. 4-officials acknowledge plans have changed for the 120,000-square-foot building. In 2004, a feasibility study, paid for with $800,000 in seed money raised from groups including Lilly Endowment Inc., showed the aggressive fund-raising and construction schedule…

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10,253 results for 'Funding'

People

Susie Ripley

Articles

Financial Strategies Mortgage Inc.: Training firm meeting national demand More states require continuing education for mortgage lenders

City gives cultural trail green light: Long-anticipated project could cost $35M to $42M

Indiana Avenue looks for revival: Cultural plan: stresses retail, residential growth, and a possible extension

NOTIONS: A kid, a shave, a health care dilemma

BULLS & BEARS: I’m all for optimism, but be skeptical, too

Turned away, twice: Hot biotech inventor scores coastal cash after local VCs say no

Mega-hotel on city agenda: Pan Am Plaza possible site for 800-room development

Indiana calls off Monster contract: Newspapers hoping to have some input about state job bank

You can take it to the bank: Financial experts say state’s economy is rising, merger mania isn’t over and regulatory laws could take a toll

Wishard bounces back, projects $23M surplus: Improved billing, debt collection dry up red ink

CHRIS KATTERJOHN Commentary: Partisanship: The nemesis of progress

Six firms land $6.1M from state tech fund: 21st Century program issues its first grants since 2004; local companies Semafore, Cadent among recipients

Ethanol’s secret: Highly touted alternative fuel needs tax subsidies to survive

Startup receives first Indiana Seed Fund investment: Purdue-bred SonarMed plans move to Indianapolis

Know where to look for funding:

City’s cultural districts take artful approach: Five areas use $250,000 in grants on original public art projects

Ex-Winona owner under fire: Leland Medical Centers CEO faces fraud accusations, questions about his own bankruptcy

BRIAN WILLIAMS Commentary: Health care is hurting Indiana’s economy

IPOs take minor dip in 2005: Analysts stay optimistic; 3 Indiana companies set to go public in early ’06

African-American museum pushes back opening date: Group starts public fund-raising campaign Feb. 4