00:00:00:05 - 00:00:23:18
Thomas Ouellette
The Vore Art fund seeks to elevate for profit arts and entertainment in Muncie by funding creators with interest free loans it calls unconditionally forgivable. These specialize loans are designed to absorb any financial risk to the artist, meaning if the project fails to make money, they don't have to pay back a dime. President and lead engineer Graham Watson believes the fund will help people see Muncie as a town where art can thrive.

00:00:23:20 - 00:00:48:23
Graham Watson
A lot of people understandably feel like they would need to leave a city like this and go to a larger city in order to be able to be a professional artist or art educator or performer, or even to operate a venue for the arts. And we think this could make a bit of a dent in the perception that Muncie is a dead end for endeavors like that.

00:00:49:04 - 00:01:06:20
Thomas Ouellette
The foundation says it will never charge interest on its loans. However, those who benefit from the program will be able to pay voluntary interest if they want to help fund other projects. The fund is still in early stages of development, but Watson says the goal is to be up and running by the end of this year in Muncie.

00:01:06:21 - 00:01:08:22
Thomas Ouellette
Thomas Ouellette IPR news.