High Alpha-backed firm raises $2.6 million in seed funding
The funding round for Base HQ Inc. was led by Minneapolis-based Matchstick Ventures with participation from Revolution’s Rise of the Rest Seed Fund, High Alpha Capital and Slack Fund.
IBJ Staff
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Self-driving vehicle maker moving headquarters to Fishers, hiring 160
As part of the move, the company and the city are considering an agreement that will set up a short-distance transportation system using self-driving vehicles in Fishers.
Eli Lilly to spend $400M on manufacturing expansion in Indy, add 100 jobs
The pharmaceutical giant says it needs additional manufacturing capacity to keep up with demand for current medicines and new drugs expected to emerge from its pipeline.
Local apparel maker Motionwear shutting down, terminating 146 workers
Founded in 1987, Motionwear manufactures dance and cheer outfits, gymnastics apparel and other girls’ activewear at two facilities on the south side of Indianapolis.
Indiana unemployment rate holds steady at 3.2%
The state saw job losses last month in the manufacturing sector, but the overall unemployment rate is still lower than in Indiana’s four neighboring states and across the U.S. as a whole.
Youth leadership group lands $11.6M grant from Lilly Endowment
The Indianapolis-based Center for Leadership Development, which promotes personal development and educational attainment for minority youth, said the grant announced Tuesday morning is expected to be “transformational.”
Area existing-home sales tick up for second straight month
Sales are still down in the area on a year-to-date basis amid tight inventories and rising prices.
Pete Buttigieg establishes clear lead in Iowa, new poll shows
Buttigieg was leading the crowded Democratic field with 25%, in the new CNN/Des Moines Register/Mediacom poll of likely Iowa caucus goers.
National dog daycare opening first Indiana location on north side
Dogtopia, a chain of dog daycare, boarding and spa franchises, plans to open its first location in Indiana this month, the company announced Thursday.
Battery maker Energizer planning 440 jobs at Johnson County facility
Energizer Manufacturing Inc. is seeking tax breaks from the city of Franklin in return for opening a $62.7 million packaging and distribution center in Franklin Tech Park, just east of Interstate 65 and south of State Road 44.
Area home builders continue to see late-year surge in demand
Single-family construction permits in the nine-county area have risen for four months in row on a year-over-year basis following seven straight months of declines.
Former HHGregg, Marsh exec takes reins at struggling retailer Pier 1
Retail industry observers are speculating that the appointment of Robert Riesbeck is likely to mean a bankruptcy for Pier 1 in the near future, based on his track record.
Kite Realty Group lands Nora Plaza in $29M deal
The 139,743-square-foot retail center at 1300 E. 86th Street, anchored by Target, Marshalls and Whole Foods, was sold by a joint venture consisting of RPT Realty and an institutional partner.
Election night updates—mayoral races, council races, referendums and more
Polls have officially closed in Marion County, where voters are deciding a mayoral race and all 25 seats on the Indianapolis City-County Council.
Indianapolis Motor Speedway to host high-speed autonomous vehicle race
The Indy Autonomous Challenge will be a five-round competition that features a $1 million prize.
Arbor Homes expands into Louisville market with acquisition
The deal marks Arbor’s first entry into a territory outside of central Indiana since it was founded in 1994. Arbor is the Indianapolis area’s most active home builder.
Tech academy Kenzie secures $100M for student tuition financing
Indianapolis-based Kenzie Academy said the financing will help it offer programs across the country. The financing is backed by San Francisco-based Community Investment Management, an institutional impact investment manager.
Flat12 Bierwerks changing its name under new ownership
The branding change comes 11 months after the 7-year-old brewery was acquired by Indianapolis-based Books & Brews.
Steak n Shake slows closures, continues to lose money
Indianapolis-based Steak n Shake drastically slowed the pace of “temporary” restaurant closures in the third quarter, but showed little progress in its plan to turn company-owned eateries into franchises.
New neighborhood investment fund targets areas around 16 Tech Innovation District
The 16 Tech Community Investment Fund is seeded with $3 million and plans to issue up to $1 million in grants in 2020.