CEO LaMothe set to step down at Elevate Ventures
During Chris LaMothe’s tenure, Elevate Ventures has grown to 16 funds with $150 million in assets under management and has invested nearly $125 million in about 450 startups
IBJ Staff
Articles
Indiana reports surge in COVID cases, 170 more deaths
The state reported 3,058 hospitalizations on Monday, up from 2,982 the previous day. COVID patients occupy 38.7% of Indiana’s intensive care unit beds.
Existing-home sales rebound in central Indiana
Sales of single-family homes were back on the rise in the area in November, ending a two-month streak of declining purchases despite rising prices and tight inventories.
Construction to close College Avenue in Broad Ripple for 2 months
The one-block stretch of College Avenue will be closed to traffic at 6 a.m. on Jan. 1 and isn’t expected to reopen until early March, weather permitting.
Statewide hospitalizations from COVID-19 rise to 2,982
COVID-19 patients occupy 38.2% of Indiana’s intensive care unit beds, according to the latest report from the Indiana State Department of Health.
COVID surge leads to contingency plans for football championship game in Indy
If a new surge of COVID-19 ends up spreading wildly through college football’s top teams, a contingency plan would allow a champion to be crowned without the championship game ever being played in Indianapolis on Jan. 10 as planned.
Indiana reports 118 more COVID-19 deaths
The state’s total death toll is nearing 18,000, with a recent average of 36 deaths per day. Hospitalizations have remained relatively steady—around 3,000 patients—over the last week.
Area homebuilders trying to keep up with strongest year since 2005
After a three-month streak of declining numbers, Indianapolis-area builders received a surge of interest from new-house buyers in November and are nearing a 16-year record.
John Thompson named chair of Indiana Chamber board
Thompson is the first African-American to lead the chamber board and is the CEO and chairman of four businesses, including Thompson Distribution and First Electric Supply.
Indiana identifies first case of omicron variant of COVID-19
Although confirmation of the high contagious strain was confirmed this weekend, the specimen was collected 10 days ago.
Indiana’s unemployment rate drops to 20-plus-year low
However, the state’s labor force participation rate also fell, drooping from 62.7% in October to 62.5% in November—a near-record low for at least the last 46 years.
Governor taps his former speech writer to lead White River State Park
Jake Oakman, who has a history in tourism and Republican state politics, has been appointed executive director for the White River State Park Development Commission by Indiana Gov. Eric Holcomb.
UPDATE: Indiana taxpayers to get $125 refunds as state gives back $545M in surplus
The size of the state surplus has triggered Indiana’s automatic tax-refund law, with an estimated $545 million being divided evenly among 4.3 million taxpayers.
Indiana COVID-19 hospitalizations surge again; 90 more deaths reported
As the Delta variant wreaks havoc in Indiana, CDC officials on Tuesday said the omicron variant is rapidly spreading in the United States and could peak in a massive wave of infections as soon as January.
Indiana-based forklift manufacturing giant getting new CEO
Jeff Rufener, president and CEO, plans to retire from Toyota Material Handling at the end of the month after leading the company for the past 10 years.
Hospitalizations from COVID-19 reach highest mark since last year
Statewide hospitalizations due to COVID-19 have climbed 27% since Dec. 1 and 124% over the past month.
Purdue researchers develop quick test to spot most costly bovine disease
The test allows for quicker diagnosis and pinpointed treatment of bovine respiratory disease, the most common and costly disease affecting the world’s cattle.
Central Indiana initiative named finalist in regional economic challenge
As a finalist, the Central Indiana Initiative, which is led by the city of Indianapolis, will receive a $500,000 grant to further develop its proposed projects. It is the running to win as much as $100 million more.
Hoagies & Hops closing Fletcher Place eatery
The restaurant known for its cheesesteaks plans to concentrate on its flagship location in the Butler-Tarkington neighborhood.
IBJ Podcast: How has the Vogue been able to weather the pandemic?
A trio of tech executives bought the entertainment business that stages events at the famed Broad Ripple nightclub in 2019, less than a year before the pandemic hit the live-events industry like a sledgehammer.