Category: Business & Finance

CDFI Friendly Bloomington Offers Capital Resources for Civic Projects

Bloomington, like many cities, has infrastructure, housing, and transportation challenges that need to be addressed. But the solutions to those problems don’t offer the profit potential to attract traditional bank financing. Fortunately, there are non-traditional capital sources for civic projects, and Bloomington has a new resource to tap those funds.

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Black Business Affinity Group Makes Chamber More Diverse

When Erin Predmore, president and CEO of the Greater Bloomington Chamber of Commerce, attended the city’s 2019 State of the Black Community address last February, she realized that the Chamber lacked a strong connection to Bloomington’s black business community.

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Money Matters: Don’t Fear Good Debt

Due to massive asset loss, many Americans purchased debt at an alarming rate over the past decade. MarketWatch reports that at the start of 2019, total consumer debt reached $14 trillion. That’s $66,945 per adult American, surpassing pre-recession levels by more than $1 trillion. Given the sheer volume of debt owed, it’s not surprising that Americans are beginning to fear debt—opting for debit cards over credit cards, renting over owning, and ride-sharing over vehicle ownership.

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IU Prof Is ‘Thought Leader’ In the Fight for Cyberpeace

In September 2019, an international consortium with corporate funding launched the CyberPeace Institute, an independent nongovernmental agency created to address the growing impact of cybercrime. The institute is based in Geneva, Switzerland, but Indiana University is helping define its mission and programs. Among its thought leaders is Scott Shackelford, an associate professor at the IU Kelley School of Business.

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Hoosier Farmers Show New Interest in Hemp

For the first time since the 1930s, Indiana farmers have been harvesting hemp. Owen County’s Trietsch Farms was one of a select group approved to grow hemp in 2019 as part of a research trial. Co-founders Jim Trietsch, his son, Ty, and Justin Daubenspeck grew more than 100,000 hemp plants for cannabidiol (CBD) oil and smokable CBD.

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Saving & Paying Cash for a Car Is the Prudent Way to Purchase

Car loans are ubiquitous in the United States. According to Experian, a credit-reporting agency, about 45% of new cars and a little more than half of used cars purchased in the second quarter of 2018 were financed with loans. But car loans can be detrimental to one’s finances, so avoiding them and paying cash is the wiser choice if you can swing it.

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Philanthropic Venture Fund Invests in IU-Related Startups

For those familiar with the high-risk, high-return business of venture capital, the phrase “philanthropic venture fund” may sound like a contradiction in terms. But in March 2018, Indiana University launched just such a fund, and it is generating start-up capital earmarked for the commercialization of IU discoveries as well as new business ventures founded by or run by IU faculty or alumni.

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The May Agency—Insuring Monroe County for 70 Years

For 70 years, ISU The May Agency has been a family-owned and -operated business serving customers in Monroe County. It opened in 1949 when Charles May launched the independent insurance agency in Ellettsville after returning home from service in the U.S. Army Air Corps.

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Study Shows Positive Impact Of Arts on B-town’s Economy

It may seem tough to measure the economic impact of the performing arts on Bloomington, but a recent study has endeavored to do just that. Conducted by graduate students from the Indiana University O’Neill School of Public and Environmental Affairs (SPEA) on behalf of Cardinal Stage, the study looked at everything from the dollars arts events bring to nearby businesses to the role performances play in enriching our quality of life.

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Big Boy’s Moving Offers ‘An Opportunity to Serve’

With a company motto of “Moving you with an attitude of gratitude” and the stipulation that employees do volunteer work such as collecting and moving furniture donated to St. Vincent de Paul, Antonio Jackson says it’s clear Big Boy’s Moving is meant to be a vehicle for community service.

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Money Matters: Don’t Fear Good Debt

Due to massive asset loss, many Americans purchased debt at an alarming rate over the past decade. MarketWatch reports that at the start of 2019, total consumer debt reached $14 trillion. That’s $66,945 per adult American, surpassing pre-recession levels by more than $1 trillion. Given the sheer volume of debt owed, it’s not surprising that Americans are beginning to fear debt—opting for debit cards over credit cards, renting over owning, and ride-sharing over vehicle ownership.

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