Indiana Bond Bank will conduct its first Flipping Finance Challenge at Launch Indy on May 10 and May 11. The event brings coders, designers, marketers, entrepreneurs, students and civically-engaged individuals together to help develop solutions for local challenges.
One of the local challenges being presented include mitigating traffic congestion at a proposed bridge over the CSX tracks on Mt. Comfort Road in McCordsville. Other challenges include areas within the City of Gary and Eastern Indiana Regional Planning Commission
“The term ’municipal finance’ can be intimidating, and might feel like an exclusive club. Unfortunately, that limits creative breakthroughs, which require a diversity of talents, backgrounds and problem-solving styles,” event organizer Jason Williams stated. “Indiana Bond Bank has done an excellent job reframing municipal finance as simply one tool towards realizing the broader goal of community vitality. As a result, this is an event where any participant, of any skill set, will find a suitable challenge.”
Participants select one of the challenges to work on with a team or as an individual to design a solution. Participants have an 18-hour design time, and they will then present their solutions to a panel of judges, who will award more than $4,000 in cash prizes to the participants.
Gary, EIRPC and McCordsville will leave the event with solutions they did not have prior to the event.
Indiana Bond Bank’s Executive Director Mark Wuellner said the event aligns with Indiana Bond Bank’s strategic vision.
“If our default answer to every challenge is to issue a bond, then we are failing Hoosier communities,” Wuellner said. “It’s our responsibility to provide thought leadership on the complex issues they face. Convening Flipping Finance Challenge absolutely embodies that vision. We are so excited to create this unique environment in which the creativity of ordinary Hoosiers will impact the trajectory of Gary, EIRPC and McCordsville, and perhaps provide a blueprint for other communities.”
Judges include Karen Freeman-Wilson, City of Gary mayor; Jeff Plasterer, EIRPC executive director; Wuellner and Williams.