Your Lyft is canceled: I passed on a billion-dollar startup
The truth is that I never seriously considered accepting the offer. It took me several years (and many Lyft rides) to understand why: I’m an entrepreneur.
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Memory bank: Changing landscape
Pictured is an aerial view of Indianapolis in July 1968. It shows three new or under-construction high-rise buildings: The Indiana National Bank Tower, now known as Regions Tower, which opened at 211 N. Pennsylvania St. in 1970; The Hilton Hotel, now known as the Sheraton Hotel, which was built at the southwest corner of Meridian […]
Merger gives Kite Realty Group Trust post-pandemic strength
President and COO Tom McGowan is at the forefront of major shifts for the local real estate firm, which has significant projects on tap in central Indiana.
Entrepreneurial duo launches business to sell cornhole scoreboard
Paul Dytmire and Andy Klotz are learning it requires patience and money to develop and sell a product that helps cornhole players answer an often-heard question: “What’s the score?”
Business execs, health care groups, religious leaders petition lawmakers on abortion legislation
The petitions warn of the potential harm that more restrictive abortion laws could do to the state’s business climate, obstetric patients or religious freedoms.
FedEx reduces U.S. Sunday deliveries as e-commerce cools
FedEx accelerated the rollout of Sunday service in 2020 to handle an historic increase of residential deliveries after COVID-19 spurred lockdowns to stem the spread of the virus.
Indianapolis-based Scale Computing lands $55M investment
Scale Computing CEO Jeff Ready said the $55 million investment will help the fast-growing company move closer to its goal of an initial public offering.
Tempo by Hilton hotel planned at Clay Terrace in Carmel
The five-story hotel would be the first Tempo by Hilton in Indiana It would be located behind Kona Grill and open in spring 2024.
Indiana unemployment rate inches up in June
Meanwhile, the state’s labor force participation improved from 62.6% in April and 62.9% in May to 63.1% in June, which was slightly higher than the 62.2% national rate.
FEMA report: Flood insurance hikes will drive 1M from market
The Federal Emergency Management Agency has updated its flood insurance program to more accurately reflect risk, but also make the program more solvent.
Statehouse girds for abortion-related rallies as GOP lawmakers prepare to enact new restrictions
Lawmakers are expected to be greeted by thousands of anti-abortion and abortion-rights activists as they rally at the Statehouse this week to make their feelings known about new abortion restrictions proposed by Senate Republicans.
Indiana’s tech firms saw strong venture investment activity in 2Q
Indiana-based tech firms attracted a combined $166 million in investments last quarter, according to a report released this week by Indianapolis-based TechPoint. The quarterly total was up sharply from the first quarter, despite the nationwide tech slowdown.
Nate Feltman: Meet 250 people who make our state great
The Indiana 250 celebrates the work of Hoosiers who are making a significant impact on their communities. Honorees come primarily from the business community, but also from not-for-profits, government (not including current elected officials, who were excluded), philanthropy and community organizations.
Inside INdiana Business TV show to move to CBS4 as part of larger news partnership
As part of the partnership between IBJ Media and Nexstar, Inside INdiana Business and IBJ will also produce short business segments that will be aired three days per week on Fox59.
Press release: IBJ Media’s Inside INdiana Business and IBJ and Nexstar Inc.’s FOX59 and CBS4 announce news partnership
The agreement between powerhouse media organizations in Indianapolis will put the award-winning “Inside INdiana Business with Gerry Dick” program on WTTV-TV (CBS4) on Sunday mornings.
Hobie Billingsley, celebrated IU diving coach, dies at 95
Hobie Billingsley built the Indiana University diving team into a powerhouse, molded a legion of Olympic divers and trained a generation of instructors. Sports Illustrated once declared Billingsley “far and away the best collegiate coach in the country.”
Area homebuilders see 6th straight month of falling construction permits
Applications for newly built houses are continuing to trail last year’s pace in central Indiana, but homebuilders remain busy, according to the Builders Association of Greater Indianapolis.
As Pence considers 2024 run, he seeks distance from Trump
Advisers and allies say they think former Vice President Mike Pence is likely to run for president, and insist he will not base his decision on whether Trump chooses to run again.
Microsoft, Google among latest tech giants to hit brakes on hiring
With recession fears mounting, many big tech companies are rethinking their staffing needs. Here’s a look at some of the dozens of companies that are tapping the brakes.
Facebook forsakes friends and family to compete with TikTok
Facebook announced Thursday that it’s overhauling the design of its flagship social network by elevating content from creators over posts from friends and family in an effort to fend off intensifying competition for users’ attention.