March Madness will help restaurants. But how much?
The city will host an unprecedented number of games with the entire tournament being played in Indiana. But the pandemic will limit capacity at both games and restaurants.
Susan Orr
Articles
Pilot project bringing autonomous shuttles to streets of Indianapolis, Fishers
A six-month public shuttle service will launch in Indianapolis in May and in Fishers in November. The project is backed by the Toyota Mobility Foundation and numerous other public and private partners.
Cultural Trail secures $1M donation for expansion project
The donation, from the Eli Lilly and Co. Foundation, brings the project’s fundraising total to $27 million. The total project cost is estimated at $30 million.
Tex-Mex restaurant from owners of Tried and True Alehouse opening in Greenwood
Humble Taco and Margarita Bar is set to open Monday in a 4,300-square-foot spot that formerly housed a Stacked Pickle restaurant.
Entrepreneurship activity in Indiana is sluggish, Brookings report finds
As a result, the report argues, the state is not as well-positioned as it might be to rebound from economic downturns.
New tenants move into historic Monument Circle space
Luxori Salon, a startup, and B. Bliss Spa, which moved to Monument Circle from the Stutz Business and Arts Center, have taken the space formerly occupied by Studio 2000, a longtime salon and spa that closed last summer.
Retailer Shoe Show to depart Circle Centre
The North Carolina-based retail chain opened its Circle Centre location in late 2019. The company’s other area stores will remain open.
Allison Transmission expects revenue, profit to rebound this year
Allison Transmission’s fourth-quarter financial performance exceeded analysts’ revenue expectations but fell short of profitability forecasts.
Indiana should see some economic recovery this year, economist says
Indiana’s economy should start to recover this year from the damage of COVID-19, but the economy likely won’t fully rebound until late 2022 or early 2023, a Ball State University economist says.
Carmel-based Protective Insurance to be acquired by Progressive
Insurance giant Progressive is purchasing Protective in a stock deal worth $338 million. Protective, known as Baldwin & Lyons Insurance until 2018, is the Indianapolis-area’s 12th largest public company in terms of annual revenue.
New Speedway coffeeshop to pay tribute to racing oval’s history
Founders Grounds Coffee Co. will sell the Rex Coffee brand that was founded more than 100 years ago by the Hulman family’s patriarch, Herman Hulman.
Splenda maker sues Speedway chain over knockoff sweetener
Carmel-based Heartland Consumer Products says Speedway offers knockoff sweetener in packets that are too similar to Splenda’s packaging, which could confuse customers.
Allegion hires new Carmel-based exec to lead Americas business
Luis Orbegoso, 50, joins Allegion from American Residential Services. He’ll be based in Allegion’s Carmel office and oversee the security-products company’s operations in the Americas.
Carmel-based CNO acquires employee benefits administrator for $50M
The benefits administrator, DirectPath LLC, offers a variety of technology-driven services for employees and employers.
New report outlines challenges, solutions for Indiana’s economy
The Brookings Institution report, “Indiana GPS: Strategies for Resilience,” identifies job growth, wages and technology as areas for improvement in the state’s economy.
Allegiant adding nonstop service to Boston, Los Angeles
Routes to both cities begins at the end of May. The airline also plans to offer service from Indianapolis to Rapid City, South Dakota, in August for the Sturgis Motorcycle Rally.
Fountain Square salon planning move to much larger space near Mass Ave
The three owners of 4-year-old Witch Hazel say it needs more room to accommodate growth, despite the challenges posed by the pandemic.
Mall giant Simon saw profit drop last year due to pandemic
Indianapolis-based Simon said it lost about 20% of its total shopping days last year at its U.S. malls because of government-mandated shutdowns related to the pandemic.
T.J. Maxx to reopen downtown Indianapolis store next week
The discount clothing and home-goods store closed during last spring’s pandemic stay-at-home orders, then sustained damage during riots and looting in May. It’s set to reopen Sunday.
Greenwood-based service firm builds its own workforce
Peterman Heating, Cooling and Plumbing Inc. is tackling the challenge of a shortage in skilled workers through an innovative new in-house training program.