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Biden: Infrastructure plan gives $1B for Great Lakes cleanup

February 17, 2022 | Associated Press

Long-delayed cleanup of Great Lakes harbors and tributary rivers fouled with industrial toxins will accelerate dramatically with the $1 billion boost, senior administration officials say.

Weekly U.S. jobless claims up, but remain historically low

February 17, 2022 | Associated Press

In total, fewer than 1.6 million Americans were collecting jobless aid the week that ended Feb. 5, a decrease of about 26,000 from the previous week.

Developer planning 47-acre business park for autosports by Brownsburg raceway

February 17, 2022 | Alex Brown, Inside INdiana Business

Indianapolis-based Garmong Development expects Commerce Park at Brownsburg Raceway to attract more than $100 million in investment related to manufacturing and research and development for the autosports industry.

KAR Global bounces back with profitable year

February 17, 2022 | IBJ Staff

Carmel-based KAR Auction Services Inc. on Wednesday reported better-than-expected fourth quarter earnings and full-year results that were much better than the previous year’s.

For Indiana’s Nick Goepper, another medal and a clear outlook on life

February 16, 2022 | Associated Press

The newly minted Olympic silver medalist and Indiana native cheerfully announced he’s “doing good” these days from a mental health perspective.

Indiana lawmakers step back ‘curricula transparency’ bill

February 16, 2022 | Associated Press

Indiana state senators on Wednesday also moved forward with a separate bill that would ban transgender women and girls from participating in K-12 school sports that match their gender identity.

U.S. accuses China of backing away from free-trade commitments

February 16, 2022 | Associated Press

In its annual report on Chinese compliance with WTO rules, the Office of the U.S. Trade Representative said Wednesday that China isn’t keeping the promises it made to open its markets to foreign competition.

Federal Reserve: Faster rate hikes likely if inflation stays high

February 16, 2022 | Associated Press

Fed officials are expected to raise their benchmark short-term rate several times this year beginning in March. But economists have increasingly suggested that the Fed has waited too long to unleash its inflation-fighting tools.

Protected: Indiana 250 Nominations Form

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State reports 125 more COVID deaths, but cases, hospitalizations continue to fall

February 16, 2022 | IBJ Staff

COVID-related hospitalizations in Indiana have plummeted 57% since hitting a pandemic high of 3,519 on Jan. 13.

Indiana Senate panel waters down vaccine bill, prompting businesses to support it

February 16, 2022 | Emily Ketterer

Lawmakers in the Senate struck language from the House GOP’s employer vaccine mandates bill that would have forced employers to accept any religious exemptions without further question.

Indiana Statehouse

Indiana Rep. Banks facing ‘insurrection’ ballot challenge

February 16, 2022 | Associated Press

The challenge was filed by a long-shot Democratic candidate for Banks’ congressional seat and likely has little chance of success when it goes before the state election commission on Friday, a former longtime commission member said.

Whiteland approves tax break for spec warehouse near Interstate 65

February 16, 2022 | Alex Brown, Inside INdiana Business

Cincinnati-based Uptown Commercial Partners plans to invest nearly $29 million to build the facility on a 40-acre site just east of the Graham and Whiteland roads intersection, and west of Interstate 65.

Study shows omicron sub-variant no more severe than first strain

February 16, 2022 | Bloomberg News

The emergence of BA.2 has caused widespread concern as it appears to be even more transmissible than the original omicron strain.

Heineken warns worst inflation in decade to weigh on beer

February 16, 2022 | Bloomberg News

The brewer said it will raise prices for its beer by “courageous” amounts as it seeks to offset rising raw material and energy costs and “crazy” shipping rates.

January retail sales surged 3.8% as threat of omicron faded

February 16, 2022 | Associated Press

Volatility in retail sales data is emerging after the pandemic and as related supply crunches drastically altered the behavior of Americans

Proposed change to ‘divisive concepts’ bill would ban fewer ideas

February 16, 2022 | Aleksandra Appleton, Chalkbeat Indiana

A proposed amendment to Indiana’s so-called “divisive concepts” legislation would drop some of the most controversial parts of the bill, but stop short of completely removing a list of concepts that would be banned from the classroom.

Indiana Statehouse

Allos Ventures launches $75 million investment fund

February 16, 2022 | Susan Orr

Indianapolis-based Allos Ventures, which invests in early-stage business-to-business software companies in the Midwest, said it plans to start making investments from Allos IV right away.

White House, Dems eye pause of gas tax as prices soar, election looms

February 16, 2022 | The Washington Post

The early deliberations come days after a group of vulnerable Senate Democrats introduced a bill that would suspend the gas tax of roughly 18 cents per gallon for the rest of the year.

Michigan Senate votes to cut income, corporate tax rates

February 16, 2022 | Associated Press

Republicans who control the Michigan Senate on Tuesday passed a $2.5 billion annual tax cut, voting to lower income and corporate rates while letting people claim a credit for their children and deduct more retirement income.

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