Walmart: Burned fulfillment center where 2,089 worked to remain closed
Walmart said 957 of the people employed at the facility have accepted new jobs with the company, while 1,132 “have not accepted alternative positions.”
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Indiana life sciences companies landed $15B in funding in 2021
The funding included 39 Indiana life-science companies raising $433.5 million last year in venture capital, an increase of almost $200 million compared to 2020, according to a report issued by BioCrossroads.
Report: Simon Property, Brookfield offer to buy Kohl’s for more than $8.6B
Indianapolis-based Simon and Brookfield, which together bought rival department-store chain J.C. Penney Co. out of bankruptcy, have offered $68 a share for Kohl’s, according to people with knowledge of the talks.
GM to offer electrified Corvette as early as next year
GM has set a goal of building only electric passenger vehicles by 2035. It has pledged to have 30 electric vehicle models for sale globally by 2025.
Reports: Twitter in talks with Musk over acquisition bid
Tesla CEO Elon Musk said last week that he had lined up $46.5 billion in financing to buy Twitter, putting pressure on the company’s board to negotiate a deal.
Butler names new sciences building Levinson Family Hall after $10M gift
Levinson Family Hall, which opened to the public in summer 2021, connects existing science building Gallahue Hall to the Holcomb Building, which previously housed the Andre B. Lacy School of Business.
IBJ Podcast: Kevin Lee on broadcasting the Indy 500 and the business of motorsports
Lee talked with host Mason King about his broadcasting career, what it takes to prepare to announce an IndyCar race and how managing a racing team has helped him better understand the sport.
Area homebuilders slowed by lot availability, supply-chain issues
Single-family building permits have fallen on a year-over-year basis for the past three months and in six of the past eight months.
COVID shots still work, but researchers hunting new improvements
COVID-19 vaccinations are at a critical juncture as companies test whether new approaches like combination shots or nasal drops can keep up with a mutating coronavirus—even though it’s not clear if changes are needed.
Fertility benefits grow as companies fight to land, keep workers
Now, at a time when businesses will do just about anything to recruit and retain workers, fertility benefits have gone from novelty to a must-have for many companies.
NAACP calls for action to improve education for Indiana’s Black students
The plan begins with four key steps, including hiring an educational equity officer at the Indiana Department of Education, and making statewide achievement data more accessible to parents and community members.
IU Health, Wunderkind, Market Wagon, RxLightning among winners at Mira Awards
A total of 16 individuals, companies and organizations were named as winners in TechPoint’s annual Mira Awards. Awards were presented at a black-tie gala Saturday night.
IndyCar, Indianapolis 500 announce plans to go green
Among the changes, all tires delivered to the Indianapolis Motor Speedway will be relayed by electric vehicles, and all electricity consumed at the speedway this May will be purchased through 100% renewable energy credits.
IBJ nabs 14 awards—including top honors in four categories—at Best of Indiana Journalism event
IBJ’s sister publication, Indiana Lawyer, won eight awards, including six written in whole or part by reporter Marilyn Odendahl.
Why the Fed worries about strongest U.S. job market in decades
As the Federal Reserve sees it, the surge in job postings forces employers to boost wages to attract and keep workers. Those higher labor costs are then passed to customers in the form of higher prices, thereby helping fuel inflation.
Benjamin Blair: Indianapolis property taxes can finally reflect pandemic
The pandemic has affected commercial real estate but owners of property in Marion County have not yet seen changes on their property tax bill that reflect those impacts.
Warehouse growth heads south to Franklin
More warehouses and distribution centers have begun popping up near the Interstate 65 exit in Franklin, as central Indiana’s industrial boom continues to fan farther out from Indianapolis.
Mark Caswell: Here’s how job rotation can improve retention
Rotation can’t be used as an excuse to shuffle mediocre performers around just because it’s easier than exiting them, or as a tactic to keep truly unhappy or poor culture fit employees from quitting for a few more months.
Memory Bank: A clubhouse forms
The Columbia Club was formally organized in 1889, a year after a group of distinguished Indianapolis residents came together to help Hoosier Benjamin Harrison get elected as the 23rd president of the United States. Called the Harrison Marching Society, the group was responsible for hosting the delegations and dignitaries that visited the city during the […]
Pete the Planner: Think about money obligations when launching children
I’ve always likened financially weaning adult children to the moment you taught the same children to ride their bikes without training wheels.