Local firm plans $8.5M senior apartment project on near-east side
Indianapolis-based TWG Development expects construction to begin within 15 months if it can offset costs by landing affordable housing tax credits.
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Former IU athletic director Glass joining Indianapolis law firm
Fred Glass, 61, will become a partner at Taft Stettinius & Hollister, where he will operate a general business law practice, while also handling matters related to higher education, employment, government matters, sports, media and entertainment.
Co-founder of biomedical giant Biomet donates $10M to Rose-Hulman
Rose-Hulman, which offers the country’s top-rated undergraduate engineering program, said the gift was among the largest individual donations in institute history.
Indiana Convention Center still hosting some events despite pandemic
The pandemic hasn’t stopped all hospitality business in Indianapolis. Nearly 40,000 people have visited downtown since the beginning of July for events at the Indiana Convention Center or at major hotels.
Council panel advances financing proposal for Indiana Convention Center expansion
The full City-County Council is expected to vote on the proposals next month. After that, the financing will need to be approved by both the Metropolitan Development Commission and the Indianapolis Bond Bank.
Westfield council OKs $3.5M tax abatement for software firm’s HQ
Carmel-based SEP and Indianapolis-based developer Pure Development Inc. are partnering to build the 70,200-square-foot facility in Westfield by the end of next year.
U.S. stocks join global rally amid COVID-19 treatment hopes
The S&P 500 rallied 34.12, or 1%, to 3,431.28 and added to the all-time high it set last week, when it erased the last of its losses from the coronavirus pandemic.
Former official for Carmel-based fraternity foundation sentenced to 27 months
The former financial coordinator of a charitable foundation operated by women’s fraternity Zeta Tau Alpha has been sentenced after pleading guilty to embezzling about $450,000 from the organization.
Indiana shakes up COVID-19 data by including antigen testing
Starting Monday, the state began including positive results from antigen tests along with its traditional PCR tests. That single move reduced the state’s testing-positivity rate—but some officials say the accuracy of antigen testing is still widely unknown.
To-go drinks a lifeline for businesses in most states, but not Indiana
In a May survey of 3,800 restaurants, the association found that 78% of operators who were selling alcohol to go had brought back laid-off employees, compared to 62% of operators overall.
Zoom gets glitchy on first day of school for thousands
Zoom said Monday that it began receiving reports of disruptions around 9 a.m. It has identified the issue causing the problem and is working on a fix, it reported on its status page.
State reports 688 more COVID-19 cases, five more deaths
The Indiana State Department of Health on Monday made major changes to the way it is reporting COVID-19 testing data to the public that will affect testing-positivity rates.
Gutwein resigns as CEO of Health and Hospital Corp.
The sudden departure follows accusations that Matthew Gutwein, 57, exploited legal loopholes to shift millions of dollars from nursing homes to the system’s Eskenazi Hospital and other programs.
Music venues awarded $121K in grants for COVID relief
The grants to 17 Indianapolis businesses are to be used for overhead costs, which could include monthly rent or mortgage payments and utility bills.
Fifth Third Bank announces market president change
Kevin Hipskind, Fifth Third’s Indianapolis-based market president since 2018, has been promoted. His successor comes from Louisville, where he has been market president since 2015.
IBJ Podcast: The latest wisdom on kids and COVID-19 from a Riley Hospital specialist
Six months into the pandemic, parents are still struggling with what COVID-19 means for the kids. Should they be in school? Can they go on play dates? Can they hug grandma? Host Mason King turns to Dr. James Wood, a pediatrician at Riley Children’s Health, for some answers.
Indiana teachers union to sit out governor’s race despite key education issues at play
The political arm of the Indiana State Teachers Association will not make an endorsement in the governor’s race. Instead, it will focus on supporting dozens of legislative races, particularly those in which teachers are running.
United States facing back-to-school laptop shortage
The world’s three biggest computer companies, Lenovo, HP and Dell, have told school districts they have a shortage of nearly 5 million laptops.
Trump announces plasma treatment authorized for COVID-19
More than 70,000 patients in the U.S. have been given convalescent plasma, a century-old approach to fend off flu and measles before vaccines. History suggests it works against some, but not all, infections.
Sato wins Indy 500 under late caution flag at empty Speedway
Takuma Sato cruised to victory after Spencer Pigot crashed exiting Turn 4, bringing out the caution with a handful of laps remaining and forcing what had been a thrilling race to end under caution.
