Federal Reserve sees rates near zero at least through 2023
Federal Reserve Chairman Jerome Powell said the economic outlook still remains highly uncertain and depends heavily on the ability of the U.S. to get control of the pandemic.
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Cityscape Residential offers Noblesville council additional details on Nexus project
Indianapolis-based Cityscape Residential’s plans to ask the city for an $8 million TIF bond to help support its 287-unit luxury apartment complex. The project is also slated to feature a potential three-story, 30,000-square-foot office building.
IndyCar headed to Nashville for urban street course event
The new race will be part of a three-day festival of sound and speed that organizers hope rivals the storied Long Beach Grand Prix.
Council imposes penalties on vendors that don’t meet minority-contracting goals
The changes would allow officials to withhold payments from vendors, terminate their contracts or ban them from future city contracts if they don’t comply with the program.
UPDATE: Health officials reduce Indy Eleven capacity to 2,500 following IBJ story
The county health department said it was reducing the soccer team’s capacity at Lucas Oil Stadium to match what will be allowed at this weekend’s Colts game.
Indiana reports lowest number of COVID-19 cases since Sept. 8
The state on Wednesday also reported 12 new deaths from COVID-19, raising the cumulative total to 3,247. The department has reported 75 new deaths over the past week, compared with 67 the previous week.
U.S. outlines sweeping plan to provide free COVID-19 vaccines
In a report to Congress and an accompanying “playbook” for states and localities, federal health agencies and the Defense Department sketched out complex plans for a vaccination campaign to begin gradually in January or even later this year.
City’s corporation counsel leaves administration for private sector gig
Anne Mullin O’Connor will become corporation counsel for the city of Indianapolis at the end of the month, replacing Donald Morgan, who has worked for the city since 2016.
Study hints Lilly antibody drug might cut COVID-19 hospitalizations
Wednesday’s results come from 450 people in a mid-stage study testing an antibody jointly developed by Lilly and the Canadian company AbCellera in people with COVID-19 symptoms not severe enough to warrant hospitalization.
European medical firm enters U.S. via Noblesville
Luxembourg-based B Medical Systems is investing over $1 million this year to launch its first U.S.-based sales office and warehouse in Noblesville. The medical refrigerator and freezer manufacturer expects to create 15 to 20 new jobs there by 2021.
UPDATE: Big Ten aims for late-October start to football, but without spectators
All 14 teams are expected to play eight regular-season games in eight weeks, plus have an opportunity to play a ninth game, possibly on Dec. 19, with a conference championship game in Indianapolis—if all goes well.
FedEx’s profit explodes as residential deliveries soar
Raj Subramaniam, president and chief operating officer at FedEx, said the company achieved “the growth that we expected to see over a period of three to five years … in a period of three to five months.”
Senators debate antitrust exemption for NCAA over athlete pay
The NCAA is working to change its rules restricting athletes from earning money for things such as endorsements, in-person appearances and social media posts.
Former ITT Tech students in Indiana to get $10M in debt relief
More than 1,300 students who were enrolled at now-closed ITT Technical Institute campuses in Indiana are eligible for student loan forgiveness as part of a $330 million national settlement affecting as many as 35,000 former ITT students.
Google exec put on hot seat in Congress over advertising power
The Justice Department is reportedly readying a major case accusing Google of abusing its dominance in online search and advertising to stifle competition and boost its profits.
IPS plans staggered in-person return in October after cautious online start
The plan is based on improved coronavirus data in Marion County. The city’s average positivity rate—the percentage of people who test positive for the coronavirus—has hovered near 5% for several weeks, according to state data.
Indiana requests to borrow $300M from federal government for jobless benefits
Indiana Department of Workforce Development chief of staff Josh Richardson said the state’s unemployment insurance trust fund is expected to run dry by the end of September.
Experts worry as U.S. virus restrictions are eased or violated
While some Americans might see such the lifting of restrictions as a welcome step closer to normal, public health experts warn the U.S. is setting itself up for failure—again.
Pelosi: House to stay in session until COVID-19 rescue pact reached
Speaker Nancy Pelosi’s comments came as moderate Democrats, many from areas won by President Donald Trump four years ago, signed on to a $1.5 trillion rescue package endorsed by the bipartisan Problem Solvers Caucus.
