U.S. expects record domestic oil production in 2019, 2020
The United States expects domestic oil production to reach new heights this year and next, and that prices—for both crude and gasoline—will be lower than they were in 2018.
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House approves bill to lift light-rail ban in central Indiana
House Bill 1365, authored by Indianapolis Democrat Justin Moed, removes the existing state law from 2014 that bans light-rail mass-transit projects in Indianapolis.
Developer of proposed hospital in Carmel agrees to use tax covenant
The developer that owns the land where Franciscan Health plans to build a $130 million orthopedic center in Carmel told city officials this week that taxes will be paid on the real estate in perpetuity, even if it sells the land to the health care system in the future.
Indiana House advances bill calling for tax on vaping liquids
The Indiana House has endorsed a bill to start taxing the liquids used in electronic cigarettes, but only after the proposed tax rate was cut in half.
No action coming on Indiana attorney general removal bill
A Republican House committee chairman said now isn’t the time to consider the bill while Attorney General Curtis Hill faces a possible lawsuit over the allegations.
Fed Chairman Powell doesn’t see elevated recession risks
Federal Reserve Chairman Jerome Powell said Tuesday that he doesn’t see signs of an economic downturn on the horizon.
Staybridge Suites, Old Chicago Pizza on tap in Whitestown
Construction of the restaurant and a nearby hotel could start this spring after Whitestown planning officials allowed the developer of both projects to move forward.
Bill transforming state tourism office clears hurdle in Statehouse
The proposal would turn the Office of Tourism Development into the Indiana Destination Development Corp., a quasi-governmental group that could accept funding from tourism organizations.
Derek Daly amends lawsuit, removes request for $25M in damages
Retired driver and former motorsports broadcaster Derek Daly has amended the defamation lawsuit he filed last week against WISH-TV Channel 8 and the station’s parent company.
Local recruiting software firm Canvas acquired by California company
Canvas Talent Inc. will continue to operate as an independent business unit in Indianapolis, and company officials said they expect the number of employees to grow significantly because of the acquisition.
Arts Council names longtime marketing exec as new CEO
Julie Goodman will take the job March 4, replacing Dave Lawrence, who stepped down in August after 19 years with the organization, including the past nine as president and CEO.
City hires national group to study new uses for troubled Irvington sites
The struggling Irvington Plaza retail center and vacant Ford/Visteon manufacturing site are among the neighborhood’s biggest dormant spots and redevelopment opportunities.
Trump calls for investment in artificial intelligence
President Donald Trump has signed an executive order directing federal agencies to prioritize research and development in artificial intelligence.
Gun training for teachers among Indiana GOP firearms bills
Indiana school districts would be able to seek state money to provide gun training for their teachers under a bill endorsed by a legislative committee.
Carmel-based software firm acquired in $32M deal
Determine Inc., a 23-year-old publicly traded software company that has yet to turn an annual profit, is set to be acquired by a New Jersey-based company.
Council panel kills Hogsett’s cap-and-trade idea on digital billboards
The move was a big victory for neighborhood leaders who had been fighting to keep in place the city’s ban on digital billboards.
CBD retailer to open as many as 108 stores in Simon malls
The first store is expected to open in Indianapolis in March at Castleton Square, Simon Property Group and Green Growth Brands announced Monday.
Council committee advances $38M financing plan for P.R. Mallory site
A nearly $38 million project to transform much of the abandoned P.R. Mallory site on East Washington Street into the home of Purdue Polytechnic High School and other tenants is finally moving forward.
Lawmakers reach deal to avoid shutdown that includes border wall funding
Congressional negotiators announced an agreement late Monday to prevent a government shutdown and finance construction of new barriers along the U.S.-Mexico border.
California real estate trust acquires Carmel office building for $32M
StREITwise, a Los Angeles-based real estate investment trust, purchased the 142,000-square-foot Class A office and retail building from Ambrose Property Group.