BJ’s Wholesale Club planning first Indiana store on area’s north side
Based in Westborough, Massachusetts, BJ’s is the third-largest warehouse club chain in the country. It operates 221 warehouse-style stores in 17 states.
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Fishers Council OKs $21M incentive package for Stevanato’s planned $145M facility
The project agreement offers Italy-based Stevanato Group a 15-year tax abatement, a $2.4 million commercial property grant and nearly 36 acres the city plans to buy at 126th Street and Cumberland Road.
Conferences urge stopgap for NCAA on NIL until federal law
Six Division I conferences, including the SEC, ACC and Pac-12, have put forth an alternative stopgap measure that cuts out the NCAA and allows athletes to be compensated for name, image and likeness before a federal law is passed.
Powell says economy growing rapidly, inflation up ‘notably’
Federal Reserve Chairman Jerome Powell’s remarks follow a meeting of the Fed’s policymaking committee last week, when central bank officials signaled they now may increase the Fed’s benchmark interest rate twice in 2023.
Biden, GOP struggle over how to pay for infrastructure package
President Joe Biden wants to increase taxes for corporations and those households making more than $400,000 a year. Republicans have ruled that out, putting forward alternatives that Democrats find unacceptable.
Analysis: Court ruling leaves NCAA more vulnerable than ever
The high court delivered a heavy blow to a defense the NCAA has used for years, that in its role as a shepherd of amateur sports it deserves “latitude” under antitrust laws.
Wall Street snaps back following worst week since February
Investors are still figuring all the ramifications of the Fed’s latest meeting on interest-rate policy, where it indicated it may start raising short-term rates by late 2023.
Medicaid enrollment swells during pandemic, reaching new high
From February 2020 through January, Medicaid enrollment climbed nationwide by 9.7 million, according to a report based on the most recent available data.
Bloomington’s last independent vascular surgeon sues IU Health over antitrust issues
A vascular surgeon in Bloomington is suing Indiana University, claiming it unfairly revoked his hospital privileges and spread false information about him in an effort to dry up referrals and exert monopoly control in the market.
High court: Congress erred in patent dispute board setup
The case involved more than 200 administrative patent judges who make up the Patent Trial and Appeal Board and issue hundreds of decisions every year. The case is of particular importance to patent holders and inventors, including major technology companies.
Latest state COVID-19 report shows 150 new cases, 4 deaths
The state said more than 2.74 million Hoosiers have been fully vaccinated against COVID-19. More than 2.76 million had received the first dose of a two-dose vaccination.
Retail workers quitting at record rates for higher-paying work
Retail workers, drained from the pandemic and empowered by a strengthening job market, are leaving jobs like never before.
Supreme Court sides with former athletes in dispute with NCAA
In a ruling that could help push changes in college athletics, the high court on Monday unanimously sided with a group of former college athletes in a dispute with the NCAA over rules limiting certain compensation.
Carmel Christkindlmarkt to make measured return after last year’s cancellation
The last time the German-themed Christmas market was held in 2019, it drew more than 300,000 visitors. Event organizers aren’t sure if lingering concerns about COVID-19 will hurt attendance or if there will be a strong return.
Milliman Inc. to add 95 jobs in Indianapolis
Seattle-based Milliman Inc., an international actuarial and consulting firm, announced Monday it will invest $6 million to lease and furnish more than 50,000 square feet in a downtown office building.
IBJ Podcast: Chef Baker explains what’s happening at the AMP food hall at 16 Tech
Baker talks with host Mason King about how the food hall came together—and why, for him, success will be when some of the eateries grow up and move out.
Fishers to consider $27M in bonds for land acquisitions, life sciences park
Much of the money is earmarked to acquire a 75-acre property for a life sciences business park that will be anchored by Stevanato Group’s planned $145 million pharmaceutical manufacturing facility.
Ransomware victims getting little guidance from government
With ransoms skyrocketing, bipartisan legislation in the works would mandate immediate federal reporting of ransomware attacks to assist response, help identify the authors and even recuperate ransoms.
Sports-team retailer Rally House expands into Indianapolis market
Sports apparel retail chain Rally House has opened its first Indiana store and is planning to add three additional stores in the Indianapolis-area market by the end of the year.
Federal holiday pressures companies to give Juneteenth off
Hundreds of companies publicly pledged to observe Juneteenth, but many others had little time to shuffle their holiday calendars. Some offered employees a regular paid day off or promised to consider adding it to their calendars next year.