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News and Updates |
MetaFund Intern Goes Full-Time Oklahoma City - May 21, 2008 - Jacob Reynolds served as an intern alongside Lauren Loruse beginning in November 2007. After graduating from Oklahoma City University on May 10, 2008, Reynolds accepted a full-time position with MetaFund. With a B.S.B. in Economics, Reynolds will serve as Project Manager for MetaFund. As Project Manager, Mr. Reynolds is responsible for recruiting viable, mission-qualifying investment opportunities for MetaFund. He is also responsible for analyzing financial statements and other relevant documents for the purpose of proposing approval to the officers of MetaFund. Says Reynolds, "I am glad to be full-time here at MetaFund. My internship proved to be a valuable transition between my education and my career, and I am looking forward to expanding the positive impact MetaFund has on the economic landscape of our great state." -------------------------------------------------------------------------------- MetaFund Intern Accepts Position at OMRF Oklahoma City - May 21, 2008 - Lauren Loruse came to MetaFund in November of 2007 to serve as an intern from Oklahoma City University. Loruse was a Project Manager at MetaFund, where she assisted in the completion of the New Markets Tax Credit application, reviewed business plans, and assisted CEO Tom Loy. On May 10, 2008, Loruse graduated with a B.S.B. from OCU, where she majored in Business Finance with a minor focus in Art. She has accepted a position at Oklahoma Medical Research Foundation (OMRF) in their development department. Says Loruse, "MetaFund is a great place to work. I feel my time here has better prepared me for my career. I am sad to leave, but very excited about the opportunities that will come at OMRF." -------------------------------------------------------------------------------- Wallace, Walsh bring historic Brady District building to life Tulsa – July 26, 2006 – In 1915, some of Tulsa’s first baseball games took place at 200 E. Brady St. Twelve years later, the Nash-Finch Co. put up a wholesale grocery warehouse on the lot. That started a progression of tenants through the brick structure, from Murray Tool and Supply, Reading Steel Castings and Emery BV and Co. to the Mayo Furniture Co., the Tulsa Casket Co. and Aron Metals. -------------------------------------------------------------------------------- Plane and simple: Quartz Mountain Aerospace introduces new aircraft and plan for hundreds of new jobs in Altus Bethany — March 28, 2006 — An Oklahoma-based aircraft manufacturer unveiled its newest aircraft Monday during a media conference at Wiley Post Airport in Bethany. -------------------------------------------------------------------------------- Oklahoma Small Business Receives High Profile DoD Contracts Oklahoma City — October 17, 2005 — Technical Innovative Concepts, Inc (TIC) an Oklahoma Based Small Business Security Construction Company is awarded several Department of Defense contracts. The U.S. Army Corps of Engineers awarded TIC a $1.4 million contract to design and build the Security System for the Pine Bluff Arsenal, Arkansas. -------------------------------------------------------------------------------- Weather Decision Technologies, Inc. (WDT) Reaches an All-Time High July 14, 2005 - Weather Decision Technologies reported 2.3 million user impressions on its web based services--a record for number of impressions for WDT in a single week. -------------------------------------------------------------------------------- MetaFund Joins Investor Group to Buy GRC in Tulsa June 2, 2005 - An investor group led by Tulsa-based TSF Capital, LLC, and MetaFund, have completed the acquisition of Geophysical Research Corporation, a Tulsa-based manufacturer of downhole pressure and temperature gauges used in the oil and gas industry. Please click the logo to visit their website. -------------------------------------------------------------------------------- Junior Achievement's Exchange City Opens for Business May 11, 2005 - This morning 100 students from Chisholm Elementary entered Exchange City . The staff had tears in their eyes as they watched the project finally come to fruition! -------------------------------------------------------------------------------- MetaFund Invests in Downtown OKC Hotel May 11, 2005 - The Colcord Building was completed in 1910, at 12 stories, and it was the first skyscraper built in Oklahoma City. Click here to view the article. -------------------------------------------------------------------------------- Pete Pierce Named 2005 Paragon Award Recipient May 3, 2005 - Pete Pierce was named one of three 2005 Paragon Award recipients. Pete's work with MetaFund has clearly set him ahead of a distinguished group of nominees. The Paragon Award recognizes outstanding community service to a local non-profit organization or a public school by a member of the Leadership Oklahoma City Alumni Association. Click here to view the newsletter. -------------------------------------------------------------------------------- Loy Named Distinguished Alumnus at OU February 10, 2005 - Norman - A. Thomas Loy, Chairman and CEO of MetaFund, has been named one of four Distinguished Alumni from the University of Oklahoma's College of Arts and Sciences. Loy will be honored at the college’s annual Kaleidoscope Evening, Friday, February 25, 2005, at the ballroom of Oklahoma Memorial Union. -------------------------------------------------------------------------------- WDT Featured in Forbes Magazine February 1, 2005 - Oklahoma has been dubbed the "Silicon Valley" of the weather information industry. -------------------------------------------------------------------------------- WDT Launches Lightning Network January 27, 2005 - WDT, one of MetaFund's portfolio companies, recently launched its new web-based lightning network. -------------------------------------------------------------------------------- MetaFund & First Security Bank Fund Exchange City January 26, 2005 - MetaFund & First Security Bank, in a tax-credit-enhanced transaction, financed Junior Achievement’s new Exchange City at the Omniplex in Oklahoma City. Exchange City is an experiential learning program that teaches economic and business concepts to 4th, 5th, and 6th grade students by allowing them to run all aspects of a mock city. -------------------------------------------------------------------------------- WDT Signs License Agreement August 25, 2004 - WDT licenses new weather prediction technology from McGill University. -------------------------------------------------------------------------------- MetaFund Names Michael W. Harlan President June 25, 2004 - Michael Harlan was recently promoted to President of MetaFund Corporation. -------------------------------------------------------------------------------- WDT Unveils Aircraft Technology January 21, 2004 - WDT, one of MetaFund’s portfolio companies, has teamed with two other companies, creating a joint-venture to commercialize an aircraft de-icing technology. -------------------------------------------------------------------------------- Office of the Comptroller of the Currency (OCC) Features MetaFund August 31, 2004 - MetaFund was recently the focus of an article in the OCC’s online newsletter. The OCC regulates and supervises national banks to ensure safety in the nation’s banking system. Click on the link below to read about how MetaFund is using New Markets Tax Credits to provide capital to low-income communities. -------------------------------------------------------------------------------- WDT and TOA Launch US Precision Lightning Detection Network August 25, 2004 - WDT and TOA Systems have joined resources to create a new lightning detection network. -------------------------------------------------------------------------------- Technical Innovative Concepts October 31, 2003 - MetaFund is pleased to announce that it has provided financing to Technical Innovative Concepts (TIC). TIC is a specialty security and surveillance company that provides equipment, consulting, installation and maintenance services for audio, visual and data surveillance systems. The company has developed an effective marketing strategy that focuses on long term contracts with government agencies and private companies. Jeff Jenkins, who founded TIC in 2001, is a former FBI Special Agent with more than 15 years experience in the highly technical and confidential surveillance field. The financing provided by MetaFund will be levered as working capital for an upcoming contract with Tinker Air Force Base. Completion of this contract will increase the company’s exposure and assist with the acquisition of several larger government agency contracts. -------------------------------------------------------------------------------- Tom Loy Named to OVF Board of Directors September 12, 2003 - Tom Loy, Chairman and CEO of MetaFund, was recently selected to serve as a Director for the Oklahoma Venture Forum (OVF). The OVF’s mission is to encourage economic development in Oklahoma through increased utilization of native resources, and to promote growth of new and existing business ventures. -------------------------------------------------------------------------------- WDT Honored by Oklahoma City Chamber September 12, 2003 - Weather Decision Technologies, Inc. (WDT), one of MetaFund’s investment portfolio companies, was recently acknowledged at the Oklahoma City Chamber of Commerce Metro 50 Awards Banquet. The company was recognized as the 5th fastest growing company in the Oklahoma City metro area. MetaFund congratulates WDT on this prestigious accomplishment! -------------------------------------------------------------------------------- MetaFund Receives $54 Million Tax Credit Allocation March 14, 2003 - The U.S. Treasury Department’s Community Development Financial Institutions (CDFI) Fund announced that MetaFund has been selected to receive a $54 million allocation of New Markets Tax Credits (NMTC). The NMTC program permits taxpayers to receive a 39% credit against federal income taxes for making qualified investments in companies in low-income communities. The CDFI Fund received applications from 345 organizations nationwide, from which it selected 66 awardees for a total of $2.5 billion of NMTC authority. MetaFund will utilize its NMTC allocation to make investments and loans to companies at any point of the business life-cycle, from start-up through traditional small business and commercial lending. The NMTC program will enable MetaFund to significantly expand its activities and better serve economically distressed areas throughout Oklahoma. This is wonderful news for the State of Oklahoma, and MetaFund is thrilled to have the opportunity to provide this tax credit incentive for community and economic development. For more information on the program, visit the CDFI Fund’s website at: http://www.cdfifund.gov/programs/nmtc/index.asp -------------------------------------------------------------------------------- WDT March 14, 2003 – MetaFund has made a convertible preferred stock investment in Weather Decision Technologies, Inc. This investment will allow WDT to begin its expansion into pre-defined domestic and international markets and fulfill specific contracts that are under negotiation. WDT intends to hire additional employees as the company grows. Additionally, the company’s expansion will fuel the rapid growth of Norman’s internationally recognized weather industry, providing economic growth and benefit for the community. As the brainchild of some of the nation’s leading meteorologists and scientists, WDT started with a vision of commercializing precision weather prediction products and services. WDT holds licenses for industry-leading software from the University of Oklahoma’s Center for the Advanced Prediction of Storms, the National Severe Storms Laboratory and MIT’s Lincoln Laboratory. WDT has successfully enhanced specific software and programs and even developed its own proprietary product and service offerings. For more information about WDT, please visit our Portfolio page. -------------------------------------------------------------------------------- City of Norman Approves MetaFund to Direct Development Project February 25, 2003 – The Norman City Council unanimously approved a two-year option for MetaFund to obtain a 99-year lease on the former Kings Gate property located at East Lindsey Street and 12th Avenue, Southeast in Norman, Oklahoma. The size of the property is approximately 7.85 acres. The City of Norman acquired the Kings Gate property from HUD for $10 after the apartment project failed and was foreclosed. The primary purpose of the new project is to profitably develop the property into a debt-free, income-producing property that will provide perpetual funds to the city to promote, develop, and maintain affordable housing in and around Norman, Oklahoma. -------------------------------------------------------------------------------- MetaFund is now a Certified CDE The Community Development Financial Institutions Fund of the US Department of the Treasury has certified MetaFund Corporation as a Community Development Entity (CDE). Certification as a CDE means that MetaFund meets the CDE eligibility requirements set forth in the New Markets Tax Credit (NMTC) Program statute, which will allow us to create a for-profit entity that can channel tax credits to investors for eligible projects. For more information on CDEs and the NMTC, click the link below. http://www.cdfifund.gov/programs/nmtc/index.asp -------------------------------------------------------------------------------- MetaFund named LCDA Guardian Angel MetaFund has been named by the Latino Community Development Agency as an Organizational Guardian Angel for 2001. |