Partnership brings new medical office building for expanding primary care practices

FOR IMMEDIATE RELEASE
July 5, 2011
Contact:

Joy McCarthy Sessing, Executive Director
Morgan County Economic Development Corp.
317.831.9544

Doyia Turner
Director of Marketing & Communications
IU Health Physicians
317.371.9873 

Partnership brings new medical office building for expanding primary care practices

MOORESVILLE, Ind. – Cornerstone Companies, Inc., a leading Indiana healthcare development company, with assistance from the Town of Mooresville and the Morgan County Economic Development Corporation, is building a 15,200 sq. ft. Class A medical office building for Indiana University Health, the state’s largest and most comprehensive healthcare system.  Cornerstone will own, develop and manage the new building that will house IU Health Physicians Pediatrics (Mooresville), IU Health Physicians Internal Medicine (Mooresville), IU Medical Group Primary Care and IU Health services such as radiology, lab services and disease management programs.

“A great community balances many things. A strong economic climate and convenient medical care are vital components contributing to that balance. We look forward to IU Health’s new and expanded services in Mooresville and consider ourselves fortunate on two fronts in this most recent partnership. First, economically – not only do we retain trusted medical professionals, but we expect a double digit increase in the number of new jobs. Secondly, and just as important, is the additional medical services for our citizens and the communities around us,” said George Watkins, president, Mooresville Town Council.

“This new building will allow us to better integrate services and help improve the overall efficiency of our growing primary care business in Mooresville,” said Kyle Allen, vice president of Primary Care at IU Health Physicians, the fastest growing, most complete multi-specialty physician practice group in Indiana.

The medical building, expected to open in December 2011, will be located on three acres of land at 820 Samuel Moore Parkway, adjacent to the Meadow Lakes Community. The facility is expected to meet the new construction code for energy efficiency including common areas controlled by a 7-day time clock, dual mode occupancy sensors and exterior lighting controlled with photocell/time clock security lighting.

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About Morgan County Economic Development Corp.
Morgan County Economic Development Corp. (MCEDC) is the countywide economic development organization serving Morgan County, Indiana.  The MCEDC works with companies seeking locations in the county and with existing firms to encourage their growth and retention.  Improving the local economy by guiding investment and employment opportunities for family-wage jobs in Morgan County is a primary function of the organization.

About Cornerstone Companies, Inc.
Cornerstone Companies, Inc.  (“Cornerstone”), located in Indianapolis, Indiana, was founded in 1985 to operate as a real estate development, consulting, and investment company in the healthcare real estate arena.  As a leading healthcare development company in Indiana, Cornerstone’s primary specialty and focus for the last 26 years has been the development and operation of all types of medical facilities completing approximately 40 medical office buildings in its 26 year history.  These include medical office buildings, ambulatory surgery centers, imaging centers, cath labs, diagnostic centers, imaging, endoscopy centers, sleep labs, physical therapy centers, oncology centers, and clinical labs.  Cornerstone and its principals currently own and operate 23 medical office buildings around Indiana totaling approximately 1,200,000 sf.

About IU Health Physicians
Indiana University Health Physicians brings together Indiana University School of Medicine faculty physicians, IU Health-affiliated physicians and private practice physicians to form the fastest-growing, most complete, multi-specialty physician practice group in Indiana. This unique partnership gives our highly skilled doctors access to innovative treatments using the latest research and technology. Discover the strength at iuhealth.org/physicians.

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What is property tax phase-in (abatement)?

By Joy Sessing
A Morgan County voice
5/15/2011

Property tax phase-in (abatement) is a tool used in Morgan County and in counties throughout Indiana to provide incentives for private investment and job creation by phasing in the new or increased assessed value resulting from new investment on the property tax rolls. It can be used by existing companies that expand or for the attraction of new firms.

 Property tax phase-in (abatement) can be granted on either real or personal property. Real property abatements can be granted for both new construction and rehabilitation, with the abatement limited to the increase in assessed value attributable to the new construction or rehabilitation. In other words, tax phase-in (abatement) does not take away any existing property taxes being paid. Land cannot be abated.

Personal property tax abatements can be granted to any manufacturing equipment (new or used) that has not previously been taxed in Indiana.

Personal property, such as new laboratory equipment and computers used for research and development and new logistical distribution equipment, are also eligible for tax abatement.

Additionally, Morgan County has enacted the relatively new property tax phase-in for new information technology equipment (data centers).

Tax abatement can be granted for between one to 10 years. Only in year one is the total amount of new assessed value exempt from paying property tax. In each succeeding year, the share of the previously exempted assessed value that is taxable increases. For example, the schedule for 10-year abatement (the maximum) is as follows:

REAL PROPERTY vs. PERSONAL PROPERETY

Year 1: 100 percent exemp – Year 1: 100 percent exempt

Year 2: 95 percent exempt  – Year 2: 90 percent exempt

Year 3 : 80 percent exempt  – Year 3: 80 percent exempt

Year 4: 65 percent exempt  – Year 4: 70 percent exempt

Year 5: 50 percent exempt  – Year 5: 60 percent exempt

Year 6: 40 percent exempt  – Year 6: 50 percent exempt

Year 7: 30 percent exempt  – Year 7: 40 percent exempt

Year 8: 20 percent exempt  – Year 8: 30 percent exempt

Year 9: 10 percent exempt – Year 9: 20 percent exempt

Year 10: 5 percent exempt – Year 10: 10 percent exempt

Year 11: first year of full property tax payment

Tax phase-in (abatement) of some form is available in most states and is generally expected by companies since it is so prevalent.

Joy Sessing is Morgan County’s economic development director. Next week’s column will be from former Crane commander Steve Howard.

http://www.heraldtimesonline.com

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Company to bring $12.6 million facility to Martinsville

Reporter-Times.com

Brian Culp bculp@reporter-times.com
April 30, 2011

MARTINSVILLE

Mainstreet Property Group announced plans Saturday to build a $12.6 million senior care facility in Martinsville in the newly-designated Ind. 37 tax increment finance district with construction beginning as soon as Aug. 1.

The facility will incorporate hotel-style living and social amenities, including a variety of on-site destinations. In keeping with one of the trends in the industry, the property will cater not only to seniors who need skilled nursing and assisted living but also those who require short-term rehab, according to a press release from the company and Mayor Phil Deckard.

The new facility is expected to employ 140 people and have 100 suites, most of them private rooms, the release stated, adding that the total economic impact on Morgan County over the next 10 years, including construction, has been estimated at $120.6 million by the outside firm Applied Economics.

City Engineer Ross Holloway said the deal isn’t done yet because the company still has to put together its financing package and present a deal — first to the Martinsville Plan Commission and then to the common council. He is, however, certain of Mainstreet’s commitment to the project.

“We (the city) have been talking to them since January, but we were unable to get a firm commitment from Mainstreet until after the TIF districts were finalized,” Holloway said. “They wouldn’t have even talked with us in the beginning if we hadn’t started the process of setting up the districts.”

By having the districts, Holloway said, the city won’t have to put out much money for the infrastructure required to build the facility.

“What happens is, the taxes they pay because they are constructing in the TIF district will help offset their financing,” Holloway said. “They take the money and property taxes that this will generate, and it will go back into finance the cost for the infrastructure of this facility.

“That’s the beauty of the TIF district. The city doesn’t have to lay out any money in advance. The project is paying for itself. The economy is such that everyone is vying for these projects. If you don’t have a way to pay for it, then the city is on the hook for this infrastructure. And we don’ have the money to pay for that.”

Deckard agreed with Holloway on the use of the TIF district to attract Mainstreet.

“The taxation on the improvements will be used to improve this district,” Deckard said. He said Mainstreet chose Martinsville “because they are interested in communities that are progressive and are willing to put money back in. In other communities, they have put in sidewalks and other things.”

Zeke Turner, chairman and chief executive officer of Mainstreet, confirmed in the press release that the TIF district indeed played a part in his company’s decision to come to Martinsville.

“Before we make an investment, we make sure it’s true to our goal of investing in properties that serve to enhance lives and improve communities,” Turner said. “Once this facility is completed, seniors will be able to receive the quality care they need in a place they can enjoy.”

There is some small risk in the deal, Deckard said. But he thinks it is minimal and acceptable.

“They’re not asking for abatements yet,” Deckard said. “They will likely ask us to join them in a bond issue, which they will try to pay off in five years. There’s always a slim chance of liability for the city, but this seems to be a great opportunity.”

That liability will be detailed in public meetings as the full plans are revealed, Deckard said.

With some of the details up in the air, Hooloway didn’t discount the timing of the release of this information.

“I would be misleading you if I said no,” Holloway said when asked if the announcement was purposely made ahead of Tuesday’s primary election. “But we have been working with these people for months. This deal didn’t come about just because of the election.”

Holloway also said they hope this get more businesses looking at Martinsville for expansion.

“It’s an even bigger thing than that in that we believe projects beget projects,” Holloway said. “People will see this and decide maybe Martinsville is worth taking a look at.”


About Mainstreet Property Group

According to a press release, Mainstreet Property Group was recently listed by the Indianapolis Business Journal as the third-fastest growing private company in the Hoosier State. In 2010, it was included in the Inc. 500 list of the fastest-growing private companies in America and named one of 41 “Companies to Watch” in the state by the Indiana Economic Development Corp., Purdue University and the Edward Lowe Foundation.

Mainstreet, founded in 2002 and located in Cicero, owns, either solely or in concert with its subsidiaries, 14 properties, including 11 senior housing and care properties. The company also has another six health care campuses in various stages of construction and development in the Midwest. For more information, visit www.mainstreetcap.net.


This artist’s rendering shows the proposed $12.6-million senior care facility Mainstreet plans to build in Martinsville. courtesy art


This artist’s rendering shows the interior dining area of Mainstreet’s proposed senior care facility to be built in Martinsville. courtesy art

Copyright: Reporter-Times.com/MD-Times.com 2011

Categories: Uncategorized

Capital Adhesives announces expansion plans

Reporter-Times.com

Amy Hillenburg ahillenb@md-times.com
April 23, 2011

MOORESVILLE

Coming on the heels of one Mooresville company’s announcement of expansion was another one on Thursday.

The Mooresville Redevelopment Commission voted to recommend a six-year tax abatement for Capital Adhesives, just south of town.

The business, which opened in 1997 in Mooresville, is adding 5,000 square feet to its building and hiring five more employees.

Jeff Pipkin, deputy director of the Morgan County Economic Development Corporation, said owners Mark Angermeier and Roger Wathen are wanting to expand the company’s markets for adhesive (glues and bonding) products. Currently, they have 29 employees. They were first located in Indianapolis in the late 1980s, moving to Greenwood and then to Mooresville.

Wathen said they are mostly a domestic operation, but do have a few international customers.

“We’ve been wanting to do this for a year,” Wathen said. “The expansion will allow us to increase our supply of raw materials needed for our products; and it will also give us room for materials that we need for a new market, which compliments what we already do.”

The investment totals $400,000 for Capital Adhesives, which has owners and employees who have been actively involved in the Mooresville community.

Just a month ago, the commission recommended a 10-year tax abatement for Equipment Technologies Inc., which wants to expand its current site in Flagstaff Business Park and add another site within the town of Mooresville.

The commission also heard totals from each of its TIF funds from Mooresville Clerk-Treasurer Sandra Perry. TIF stands for tax increment financing, which means that taxes on increased real estate value or new investment in a developing area are used to fund certain projects.

Harold Gutzwiller, president of the commission, said these were just the existing totals and the amounts did not show the obligations that were against some of them.

TIF I has a total of $3,137.506, with interest of $320,000. An expanded area in TIF II is totaled at $164,843. The total for TIF II is $1,144,852, with a final total of all funds at $5,067,203.

Gutzwiller said the commission has followed through on its commitment of $100,000 to Equipment Technologies Inc. to offset its equipment costs and for improvements inside and out.

The letter of understanding has been sent, and Gutzwiller said all that remains is for company officials to sign it. The letter does state, though, that if the expansion project does not move forward in the expected time frame, the company will have to repay all or part of that money to the commission.


Capital Adhesives, just south of Mooresville off of Ind. 67, is planning to expand its current faciity and was recently recommended for a six-year tax abatement. The business has been in Mooresville area since 1997. Photo by Amy Hillenburg.

Copyright: Reporter-Times.com/MD-Times.com 2011

Categories: Uncategorized

REMC Launches Raptor Enrichment Program – A POWERFUL Partnership

FOR IMMEDIATE RELEASE

South Central Indiana REMC

April 1, 2011

Contact: Jean van Biezen, REMC Communication Manager,

Phone:   (765) 342-3344

FAX:   (765) 342-1335

Email: jeanvb@sciremc.com

Martinsville ─ Soaring Eagles, screeching Owls, and gliding Hawks frequent the country sides and service areas of South Central Indiana REMC. The nesting and hunting habits of these raptors may put them in danger of electrocution around power lines and energized equipment. This is a concern for the electric cooperative, neighbors, and the community.

SCI REMC announced today their new Raptor Enrichment Program that will help protect these species by providing nesting platforms, boxes and perches for the most common species in the REMC service area including; Eastern Screech, Great Horned, Barred and Barn Owls; Northern (Marsh Hawk) Harrier, Bald Eagle, and Red-Tailed Hawk; American Kestrel, Cooper’s and Red–shouldered Hawks. “This program is an enhancement to our existing Energy for Wildlife program,” stated Larry Terrell, Manager of the Vegetation Management Department for SCI REMC. “We were the first cooperative and the second utility in the nation to start an Energy for Wildlife Program certified through the National Wild Turkey Federation.” SCI REMC was presented the first inaugural Energy for Wildlife Achievement Award in 2006 by the Wild Turkey Federation, of which the cooperative is a member. To date, SCI REMC has installed 312 blue bird boxes, 66 bat boxes, 79 wildlife food plots, and has put down literally tons of a grass seed/ clover mixture in its power line Rights of Ways each year. The REMC has also been active for many years with a   homeowner tree replacement program. While several electric utilities in other states have similar programs, South Central Indiana REMC is believed to be the only electric utility in Indiana with such a pro-active raptor enhancement program.

“It’s hard for property owners and private organizations to provide perches, nesting platforms and boxes for hawks and owls because of the height requirements for these raptors” stated Terrell. “In addition, SCI has to cut down ‘danger hollow trees’ to protect the power lines that are typically used as raptor habitat. With the resources of the utility, recycled electric utility poles and cross arms, can be used to install artificial habitats that are required and by being pro-active, the raptor species are protected so they will flourish and steer away from our power lines and energized equipment.”

SCI is partnering with local and state organizations to target areas of habitat enhancement where these birds would best benefit. We understand our program can do as much harm as benefit if habitat stands and boxes are placed in the wrong locations. “Research, education and training are at the forefront of the Raptor Enrichment Program,” stated Phil Mattison, VP of Operations for SCI REMC.  “The utility is teaming up with the Indiana Division of Fish and Wildlife, as well as partnering with Return to the Wild, a local organization in Nashville that is assisting the REMC by providing additional education and guidance on raptors and raptor habitat.” Laura Edmunds of Return to the Wild, exclaimed “We were really impressed by the SCI REMC program. Their plan is incredibly well researched, and we are happy to partner with them in this project.”

Return to the Wild, which is a non-profit, 501 (C-3) organization, began in 1994 and was incorporated in 2000. They moved to their current location in Nashville in 2004. They are funded through private donations and fundraising, and do incredible work in raptor recovery and release. To make a donation or to schedule a tour of the facility, call 812-988-8990.

Another partner in the project is Joni James of Heron Watch Nature Programs.  Joni is a retired teacher with 30 years of experience in education and nature study.  Joni is a naturalist, environmental educator, bird watcher, nature photographer and writer. She is also a long time participant of the Earth Day programs that REMC co-partners in and presents to school children every year.  She, herself, provides Nature Education Programs for grades 2- adult.  For more information about the programs that she offers, she can be contacted at jonijame@scican.net or 765-318-7351.

Employees of South Central Indiana REMC had the opportunity to meet Mowgli, Oberon and Patrick, some of the birds from Return to the Wild for education purposes, at the Raptor Enrichment Program Kick-off earlier this month. Patti Reynolds, president of Return to the Wild, gave a presentation about the birds of prey and answered questions from the group. The employees were also presented with the opportunity to assist the program by building some of the boxes that could be used in the project.

The first project will be in conjunction with Bradford Woods- Indiana University, on Earth Day, April 22nd. John E. Koenig, PhD Executive Director and Associate Professor of Bradford Woods, exclaimed “I think it is a really outstanding program that will augment our Environmental Education curriculum, and bring a great deal of pleasure, experience, and science to those who participate in our environmental education program and services. We have some nesting eagles but this will augment what we already have. We are so excited about it, and thankful to REMC for making this opportunity available to us and to our current and future clients of Bradford Woods.”

A media day at Bradford Woods is being planned for April 22nd, by the cooperative so the media can see first-hand the value of the Raptor Enrichment Program.

“Through powerful partnerships, community support, and the actions of South Central Indiana REMC this endeavor will be a relatively inexpensive, pro-active approach to the  Energy for Wildlife program and bring good will to the community,” said Mattison. “We welcome interested groups or organizations to contact Larry Terrell at 800-264-7362 or Larryt@sciremc.com for more information.”

SCI REMC is the largest member owned cooperative distribution facility in Indiana and serves more than 33,000 members in Morgan, Monroe, Owen, Brown and parts of Putnam, Clay and Johnson Counties.

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Categories: Uncategorized

Regional Cancer Center receives 2nd Outstanding Achievement Award — Ranks in top 17% of 1,500 Accredited

For Immediate Release

March 29, 2011

Contact:          Amy Wozniak

Director of Marketing

Morgan Hospital & Medical Center

765-349-6771

awozniak@mcmh.net

Martinsville—The Commission on Cancer (CoC) of the American College of Surgeons has granted its Outstanding Achievement Award to the Regional Cancer Center at Morgan Hospital & Medical Center as a result of surveys performed during 2010.  MHMC also received the three-year award after its first survey in 2007.

According to Vicki Stoughton-Elliff RN, program administrator of the Regional Cancer Center, the team of medical professionals is responsible for the success.  “This prestigious award recognizes our high standards in providing quality cancer treatment and places the MHMC amongst an elite group in the United States.”

MHMC is one of a select group of 90 currently accredited and newly accredited cancer programs across the United States.  This select group represents approximately seventeen percent (17%) of programs surveyed during this period.  A majority of recipients are community-based facilities; however, teaching hospitals, NCI-designated Comprehensive Cancer Centers, Pediatric, and Network Cancer Programs also received the award.

“On behalf of our Board of Trustees and entire team, we first thank all our cancer patients, their families and to the entire Morgan County community for their meaningful support and trust of MHMC. This award recognizes the full scope, caliber and quality of our cancer care program as well as the skill and dedication of the MHMC team of professionals. And our thanks and congratulations is extended to our Medical Directors and all our doctors who engage in diagnosing and treating cancer, to our clinical staff, and especially to Stoughton-Elliff.  Their expertise and talents are second to none and deeply  appreciated” said MHMC President and CEO Tom Laux.

Established in 2004, the CoC Outstanding Achievement Award (OAA) is designed to recognize cancer programs that strive for excellence in providing quality care to cancer patients.  The award is granted to facilities that demonstrate a Commendation level of compliance with seven standards that represent six areas of cancer program activity: cancer committee leadership, cancer data management, clinical management, research, community outreach, and quality improvement.

The level of compliance with the seven standards is determined during an on-site evaluation by a physician surveyor. In addition, facilities must receive a compliance rating for the remaining 29 cancer program standards.  Ninety programs, including Morgan Hospital & Medical Center received the OAA as a result of surveys performed in 2010.

Established in 1922 by the American College of Surgeons, the Commission on Cancer  is a consortium of professional organizations dedicated to improving survival and quality of life for cancer patients through standard-setting, prevention, research, education, and the monitoring of comprehensive quality care.  Its membership includes Fellows of the American College of Surgeons and representatives of 47 national organizations that reflect the full spectrum of cancer care.

The CoC’s core functions include setting standards for quality, multidisciplinary cancer patient care; surveying facilities to evaluate compliance with the 36 CoC standards; collecting standardized, high-quality data from accredited facilities; and using the data to develop effective educational interventions to improve cancer care outcomes at the national, state, and local levels.  There are currently more than 1,500 CoC-accredited cancer programs representing 25 percent of all hospitals in the U.S. and Puerto Rico.  These CoC-accredited facilities diagnose and/or treat 71 percent of all newly diagnosed cancer patients each year.  Receiving care at a CoC-accredited cancer program ensures that a patient will have access to the full quality spectrum of comprehensive cancer care close to home.

In addition, cancer patients’ data are reported by each CoC-accredited cancer program to the CoC’s National Cancer Data Base (NCDB), a joint program with the American Cancer Society (ACS).  These data account for approximately two-thirds of all newly diagnosed cancer cases in the U.S. each year, and are used regularly to monitor the quality of patient care delivered in CoC-accredited cancer programs and to improve cancer care outcomes at both the national and local level.

The CoC provides the public with information on the resources, services, and cancer treatment experience for each CoC-accredited cancer program.  This information is shared with the public on the Cancer Programs page of the American College of Surgeons website at http://www.facs.org/cancer/index.html and through the American Cancer Society National Cancer Information Center at

1-800-ACS-2345.

For more information about the Commission on Cancer, visit www.facs.org/cancer/index.html(.)

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New Entrepreneur Program Signed Into Law

Inside Indiana Business.com

March 23, 2011

News Release

Indianapolis, Ind. — On Tuesday, Gov. Mitch Daniels signed into law a bill authored by State Rep. Sue Ellspermann (R-Ferdinand) that promotes economic development and business opportunities for young entrepreneurs and communities across the state. House Bill 1251 establishes a Young Entrepreneurs Program for students enrolled in entrepreneurship programs in Indiana.

“I authored this bill out of my primary concerns of creating jobs for Hoosiers and promoting young entrepreneurship,” said Rep. Ellspermann.

The Young Entrepreneurship Program that HB 1251 provides for will be set up through the Indiana Economic Development Corporation (IEDC) to promote business proposals of students graduating in entrepreneurship programs across the state. Young entrepreneurs would apply to the program by sending in a business proposal, startup needs, and their preferred locations for the startup, and the IEDC would select a number of applicants to participate in previews for Indiana communities to review. Communities would be given the opportunity to bid for the proposals to have the startup brought to their community.

Indiana’s Office of Community and Rural Affairs will assist more rural communities in preparing bids to help them compete with larger communities. At least one preview would be held each year, and a yearly report would be prepared detailing the impact the program has had on the state.

“These small business startups are excellent job creators for our state, and this program helps ensure that our state remains competitive in attracting businesses and promoting their success.

“This program benefits our young Hoosier entrepreneurs and local communities across the state. I am thrilled my first bill signed into law promotes job creation,” said Rep. Ellspermann.

HB 1251 will go into effect on July 1, 2011.

Source: Indiana House Republican Caucus

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