SBA loan approvals for Indianapolis – September 2009
Small Business Administration loan guarantees for the month of September 2009 for Indianapolis area
IBJ Staff
Articles
Circle City Classic director resigns after 4 months
The director of the Circle City Classic announced his resignation Monday, just four months after taking the job.
Lockheed Martin planning Indianapolis layoffs
Maryland-based Lockheed Martin will idle 10 percent of the employees at its Indianapolis call center as a result of declining call volumes and “funding issues” that are cutting short a five-year federal contract worth a total of $80 million.
Endocyte receives $26M infusion from investors
West Lafayette-based Endocyte Inc. announced Friday that it has closed on $26 million in equity financing to help the company
continue developing cancer-fighting drugs.
State’s health IT groups seek stimulus funds
Some of Indiana’s leading organizations in health information technology are collaborating on an effort to receive several
million dollars of stimulus funding.
Area building permits fall for 23rd straight month
The number of building permits issued in the nine-county Indianapolis area fell 20 percent in September from the same time
last year, marking 23 consecutive months of declines.
WNDY to broadcast 13 Butler games
Local TV station WNDY Channel 23 announced Friday that it will broadcast 13 Butler University men’s basketball games this
season, starting with the Bulldogs’ Nov. 21 game at the University of Evansville.
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City trying to land headquarters of storytelling organization
The National Storytelling Network will consider Indianapolis, along with eight other cities, as it looks to move its headquarters
from Jonesborough, Tenn.
Northeast-side CVS gets nod
The Metropolitan Development Commission has given its blessing to a new CVS store along 82nd Street just east of Interstate
69 over the objection of city planners.
Virginia homebuilder enters market
Home-building powerhouse Ryan Homes is marketing lots in 10 subdivisions it has taken over from the defunct local builder
CP Morgan Communities.
Two Indianapolis companies offer pro bono work to not-for-profits
Fund-raising consultant Achieve will provide a year of free coaching or consulting. Advertising and public
relations firm TrendyMinds is also accepting applications. The Achieve grant for coaching is valued at $2,000, while the grant
for consulting is worth as much as $12,000.
Business incubation expert teaches best practices in Asia
When he oversaw Indiana University’s Advanced Research and Technology Corp., the school’s business incubation
and technology transfer program, Mark Long helped dozens of local startups get off the ground. Now, as head of his own business
incubation consultancy, Long is making a name for himself overseas.
Indiana Members Credit Union signs Pacers sponsorship pact
The agreement includes player appearances, a Pacers debit card, courtside signage, radio spots,
hospitality and use of the Conseco Fieldhouse practice court for community relations initiatives.
Baucus health reform bill draws fire in Indiana, too
The health insurance industry’s sudden counterpunch to the Senate version of health reform echoed in Indiana and
opened a key issue for the rest of the debate: Will covering half of the country’s uninsured mean raising premiums for
the 85 percent of Americans who already have insurance?
PROXY CORNER: WellPoint Inc.
WellPoint Inc. is one of the nation’s largest health insurance companies and also provides dental, vision, disability and
life insurance.
EDITORIAL: City water utility in over its head
As missteps by the city’s water utility threaten to drown local ratepayers with dramatically higher bills, Mayor
Greg Ballard’s administration is exploring a complete overhaul of the system. The mayor’s initiative can’t produce results soon enough.
State seeks at least $6.5M for 19-acre site
The Indiana Finance Authority said Thursday it plans to auction off a vacant 19-acre development parcel between the White
River and Fall Creek near downtown Indianapolis.
Tougher smoking ban passes committee
An ordinance that would prohibit lighting up in bars, bowling alleys and nightclubs, and nearby outdoor seating areas as well, was endorsed 4-2 by a City-County Council committee Wednesday night.