Pure Eatery set to close at Fountain Square’s Murphy Art Center
Pure Eatery plans to end its 11-year run as a fixture in the Fountain Square neighborhood, the owners said Tuesday in a social media post.
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Develop Indy deals led to 4,575 pledged jobs, $570M in investments, leaders say
Develop Indy, Indianapolis’ economic development agency, made incentive deals involving 71 business relocation or expansion projects during the first 11-plus months of the year, officials announced Tuesday.
Council committee OK’s $10.1M anti-flooding plan for Mars Hill
If implemented, the projects could remove more than 650 parcels from the federal 100-year floodplain, releasing properties in the southwest-side neighborhood from expensive flood insurance requirements.
Wholesale inflation jumps record 9.6% over past 12 months
The increase in wholesale prices was widespread, led by a 1.2% increase in the cost of goods and a 0.7% rise in the price of services.
Treasury awards $8.7B for lending in minority communities
The funds from the Emergency Capital Investment Program, which was created this year, will go to 186 community-based financial institutions.
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.
Developers teaming up on $33M affordable housing project on site of former school
As planned by Chase Development Co. and Birge & Held, Lincoln Lofts in the rebounding Bates-Hendricks neighborhood would be reserved for individuals and families making up to 60% of the area’s median income. The project would mean demolition for the former Abraham Lincoln School, IPS No. 18.
Methodist Sports Medicine announces name change in wake of lawsuit
IU Health sued the physician group last month, claiming trademark infringement and unfair competition, after it learned Methodist Sports Group and Franciscan Health were teaming up on a new hospital.
Pfizer confirms COVID pill’s results, potency versus omicron
The prospect of new pills to fight COVID-19 can’t come soon enough for communities in the Northeast and Midwest, where many hospitals are once again being overloaded by incoming virus cases.
Data indicate omicron variant milder, better at evading vaccines
A two-dose Pfizer-BioNTech vaccination appeared to provide just 33% protection against infection during South Africa’s current omicron wave, but 70% protection against hospitalization, according to the analysis.
Indianapolis-based IntelinAir taps former Dow Agro chief as CEO
IntelinAir, an ag-tech startup, moved its headquarters from California to Indianapolis in August. The company’s co-founder, Al Eisaian, is stepping aside as president, CEO and board chairman next month and long-term ag-tech exec Tim Hassinger will take over those roles.
Upscale Mexican chain planning downtown eatery, cantina
Los Arroyos Mexican Restaurant and Take Out, which opened a Carmel restaurant in 2016, is branching out with plans for a location near the mouth of Mass Ave.
Lilly, Chinese firm to pursue therapies for metabolic disorders
Indianapolis-based Eli Lilly and Co. has inked a research collaboration and licensing agreement with Regor Therapeutics Group that could be worth up to $1.5 billion.
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.
One year of vaccines: Many lives saved, but crisis continues
One year ago, the biggest vaccination drive in American history began with a flush of excitement in an otherwise gloomy December.
USA Gymnastics reaches $380M settlement with Nassar victims
A federal bankruptcy court in Indianapolis on Monday confirmed the settlement between USA Gymnastics and the U.S. Olympic and Paralympic Committee and the hundreds of victims, ending one aspect of the fallout of the largest sexual abuse scandal in the history of the U.S. Olympic movement.
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.
Thousands without heat, water after tornadoes kill dozens
Residents of Kentucky counties where tornadoes killed several dozen people could be without heat, water or electricity in frigid temperatures for weeks or longer, state officials warned Monday.
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.
Biden administration unveils plan for electric vehicle charging network
The Biden administration released an ambitious federal strategy Monday to build 500,000 charging stations for electric vehicles across the country and bring down the cost of electric cars with the goal of transforming the U.S. auto industry.