2023 was bad for startups, with bankruptcies, lower valuations
It’s been a brutal year for startups, with more companies struggling to raise money and hundreds shutting down altogether, according to new data.
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Statehouse committee provides updates on Medicaid program changes
An estimated 130,000 Hoosiers over the age of 60 using Medicaid will receive notices in early 2024 advising them to choose a Managed Care Entity to coordinate their health coverage.
Economy slowed in recent weeks with inflation, labor cooling
The figures are consistent with expectations that the economy will moderate in the fourth quarter following the strongest growth pace in nearly two years.
Ash & Elm Cider Co. planning expansion into Carmel with restaurant, tasting room
Ash & Elm’s planned 3,500-square-foot location, part of a multi-phase development by Carmel-based Old Town Cos., will be the company’s second restaurant and tasting room when it opens in spring 2024.
Anderson-based credit union expanding outside Madison County
After 60 years of operations in Madison County, Anderson-based Lampco Federal Credit Union is working to establish a foothold in Marion, Hamilton and Hancock counties.
UAW announces drive to organize Toyota, Subaru and dozen other automakers
The UAW unveiled a website where workers at 13 different companies can electronically sign union authorization cards in a first step toward attempting to organize their factories.
Total GivingTuesday donations up slightly this year, with 10% fewer donors participating
Not-for-profit organization GivingTuesday estimates that donors gave $3.1 billion this year on what has become one of the most important fundraising days of the year.
Indiana judge dismisses state’s lawsuit against TikTok that alleged child safety, privacy concerns
In her ruling, the judge said the court lacked personal jurisdiction over the case and reaffirmed a previous court ruling that found downloading a free app does not count as consumer transaction under the Indiana Deceptive Consumer Sales Act.
Chemical firms to pay $110M to Ohio to settle claims over releases of ‘forever chemicals’
The settlement involving DuPont, the Chemours Co. and Indianapolis-based Corteva Inc. resolves Ohio’s claims relating to releases of manmade, fluorinated compounds known as PFAS.
UIndy promotes Karl Knapp to dean of business school
Knapp, who has been with UIndy for 17 years, said he plans to expand the university’s focus on artificial intelligence and applied learning for students.
Department of Metropolitan Development director Carr takes job with Parks Alliance
Rusty Carr was hired to the DMD post after two separate stints as interim director. His final day with the city will be Dec. 29 and he will begin at The Parks Alliance on Jan. 2.
Pacers qualify as quarterfinal host for NBA’s new In-Season Tournament
Indiana, Milwaukee, the Lakers and the Kings all made all the guesswork easy because they were the teams that went 4-0 in group play.
General Motors says autoworker strike took $1.1B bite out of earnings
The company said it expects to absorb increased labor costs and have enough left to buy back stock worth nearly one quarter of the company’s $44 billion market value.
Consumer Reports: EVs less reliable, on average, than conventional vehicles
The survey found that electric vehicles from the 2021 through 2023 model years encountered nearly 80% more problems than did vehicles propelled by internal combustion engines.
U.S. economy grew 5.2% in third quarter, more than first estimated
Even with the downward revision, consumer spending remained robust, underpinned by a resilient jobs market and a flurry of travel and events.
Mix Food Hall closes at Kroger stores in Carmel, Fishers
Mix Food Hall locations, which offered menu items from several restaurants and filled them through online ordering, have shut down less than a year after opening in Hamilton County.
Financing plan for Broad Ripple Park Family Center advances despite neighborhood group concerns
A City-County Council committee on Tuesday unanimously recommended approval of a measure that would allow up to $26 million to be spent to acquire the new Broad Ripple Park Family Center.
City-County Council committee advances artificial intelligence proposal
The proposal from Republican Councilor Michael-Paul Hart, which would create a study commission on the city’s usage of AI, was passed unanimously by the Rules and Public Policy Committee.
Cold storage company plans $38M expansion in Lebanon
United States Cold Storage announced Tuesday it has received approval from the Lebanon City Council for its plan to add 60,000 square feet to the facility and create 30 jobs.
Mark Lowry steps down as head coach of Indy Eleven
Lowry, 38, became the fourth non-interim coach for the Indy Eleven in November 2021 and compiled a regular-season record of 25-28-15 over two seasons.
