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Andretti’s Formula One effort boosted by GM plan to supply engines
General Motors said Tuesday it has registered with Formula One’s governing body to become an engine supplier starting in 2028 in what is seen as a huge boost to Michael Andretti’s bid to join the global motorsports series.
Indianapolis officials prepare for $751.6M in bond sales for Signia hotel, convention center projects
The all-in cost for the redevelopment of Pan Am Plaza is now expected to be $751.6 million. The bond sales to cover much of that cost—creating significant long-term debt for the city—are expected to take place this week.
State health care panel adopts final report, targets prior authorizations
The interim Health Care Cost Oversight Task Force unanimously agreed on a final report Monday detailing seven recommended legislative proposals for the upcoming session.
Inflation eased in October in latest sign of cooling economy
The latest monthly report offers a dose of encouragement as the Federal Reserve looks for enough progress to let up on its fight to tame consumer prices and slow the economy.
Five concepts selected for Melon Kitchen accelerator at 16 Tech
The entrepreneurs will receive $5,000 grants and training in business plans, menu preparation, pitching to investors and other subjects.
On second try, Westfield City Council OKs move to second-class city status
The change in status means voters in 2027 will elect a city clerk and two additional city council members—one at-large and another representing a sixth district.
Judge grants IPS exemption from state law in sale of two closed school buildings
Indianapolis Public Schools may sell two closed school buildings without first offering them to charter schools for $1, a Marion County judge ruled on Monday.
Supreme Court adopting code of ethics, but has no means of enforcement
The policy, agreed to by all nine justices, does not appear to impose any significant new requirements and leaves compliance entirely to each justice.
Stellantis to offer buyout, early retirement packages to 6,400 nonunion salaried workers
The automaker, formed in the 2021 merger of Fiat Chrysler and PSA Peugeot of France, said it is taking the action “to protect our operations and the company.”
Governor shifts oversight of LEAP water study away from IEDC
The move comes as the Indiana Economic Development Corp. faces questions about its plan to tap the Wabash River aquifer and withdraw as much as 100 million gallons per day for an advanced manufacturing district in central Indiana.
Lilly’s proposed $1.4B acquisition of Point Biopharma gets investor pushback
Point has a pipeline of clinical and preclinical-stage compounds in development for the treatment of cancer using radiopharmaceutical isotopes that hold the promise of delivering targeted treatments to cancer patients.
Lilly experimental drug lowers heart disease risk factor in just one dose, study finds
Lilly’s lepodisiran, given at the highest dose, reduced a heart disease-linked protein to undetectable levels for 48 weeks, according to the study.
Businesses push back on new rule that could make it easier to unionize
Critics say the new rule is an overreach by the labor-friendly Biden administration that undermines independent business owners. Some—including the American Hotel and Lodging Association—have already sued to block it.
Business Cares: Corporate Social Responsibility 2023
About Features Social enterprise: More than what ChatGPT—and maybe you—think it is Nonprofit board service: A triple win for employees, companies and communities The power of ESG to support businesses and communities How local companies are combating housing shortages in central Indiana Realizing optimism through consciousness CSR statistics about employee beliefs View the interactive edition […]
Sales of existing homes in Indy area fall for 21st consecutive month
Meanwhile, the median sales price for a house in the 16-county area in October jumped 3.9%, to $299,000, from the same month a year ago.
State, localities starting to spend $507M share from National Opioid Settlement
Almost a year after distributions started from the National Opioid Settlement, only $7.1 million has been put to use so far in Indiana as local units of government wrestle with how to make the most of the payments.
Indiana cities dishing out thousands of dollars to get out-of-state workers to relocate
Hundreds of families have already participated in the MakeMyMove program and now call Indiana home.
Program to get doctors to high-need areas falling short, study says
A decades-old federal program that offers doctors incentives to practice in disadvantaged communities has had little effect on physician density or patient mortality, a recent analysis concludes.
IBJ Podcast: From humble beginnings, apartment developer built $500 million firm in 10 years
Eric Garrett grew up in Evansville below the poverty line. In the latest edition of the IBJ Podcast, he discusses launching The Garrett Cos. from a barn in his backyard in Greenwood and the strategy that created the 37th largest private company in Indiana in less than 10 years.
