Indiana Bond Bank Hosting Flipping Finance Challenge for Local Communities

(INDIANAPOLIS) – Indiana Bond Bank (IBB) will be hosting the second annual Flipping Finance Challenge event, at VisionLoft Event Center and the Market Tower Collaboratory, on Friday, February 28-29.  

Flipping Finance ChallengeSnow Day brings together coders, designers, marketers, entrepreneurs, students, and civically engaged individuals to participate in developing solutions to select local challenges. 

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Indiana Bond Bank selected the City of Bloomington, Jay County, and Starke County as the second cohort of participating units of government for the Flipping Finance Challenge.  In preparation for the Flipping Finance Challenge, community leadership worked with Indiana Bond Bank on mapping current and future challenges facing their regions.  

Indiana Treasurer of State and IBB Board Chair, Kelly Mitchell

“The Flipping Finance Challenge brings together innovators from all sectors to address real issues local governments are experiencing in our state”, commented Indiana Treasurer of State and IBB Board Chair, Kelly Mitchell. “I commend the Indiana Bond Bank on thinking outside the box to better our community!”

Challenges span a wide range of topics, from reworking the system of leaf collection in Bloomington to the lack of grocery stores in Starke County.  For all 24 challenges and supporting data and relevant resources, please visit the Flipping Finance Challenge 2020 homepage.  

At the event, participants will select a challenge and work with a team or individually on designing a solution.  Solutions may take any shape and do not have to be financial in nature.  After an 18 hour design time, participants will present their solutions to the units of government.  Winning teams will not only win prizes but the opportunity to present in front of a network of over 20 professional organizations.  The Bond Bank encourages anyone who is interested in helping units of government create innovative solutions to their most pressing challenges to complete the free registration here.

The City of Bloomington, Jay County, and Starke County will leave Flipping Finance Challenge with solutions that they did not have prior to the event. 

Indiana Bond Banks Executive Director Mark Wuellner

That collaborative problem-solving approach aligns with Indiana Bond Bank’s philosophy, according to Executive Director Mark Wuellner, “If our standard answer to every challenge is to issue a bond, then we will have failed.  It’s our responsibility to partner with Hoosier communities as they face complex, ever-evolving issues.  Creating Flipping Finance Challenge embodies that vision.  We’re so excited to see Hoosier innovation deliver new solutions for the City of Bloomington, Jay County, and Starke County.”

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