Not-for-profit kicking off effort to build 150 units of affordable housing in Twin Aire area
SEND’s investment is possible due to the group’s sale of the Wheeler Arts Community building in Fountain Square.
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Consumer spending shows solid monthly increase of 0.4 percent
Meanwhile, a key gauge of inflation increased at an annual pace of 2.2 percent for a second straight month—the strongest back-to-back gains in six years.
Emmis preparing to put 70 acres along I-65 up for sale
Emmis Communications is seeking rezoning for 70 acres of land it owns in booming Whitestown to make it more marketable.
Allison Transmission beats forecasts with record quarterly revenue
The Indianapolis-based manufacturer of automatic transmissions saw sales growth in all of its market segments.
Michigan-based tech firm acquires local internet-of-things company
Troy, Michigan-based Plex Systems has finalized a deal to acquire Dattus Inc., which was founded by two Purdue University students in 2012 and moved to Indianapolis in 2015.
All eyes on Lilly’s fast-growing diabetes drug, Trulicity
The drug, launched in 2014, is one of Lilly’s fastest-growing medicines, but its fate could hinge on the results of another clinical trial for heart benefits. The Indianapolis-based drugmaker plans to release results later this year.
Holcomb calls for hate crimes bill after synagogue vandalism
Gov. Eric Holcomb, a Republican, said he’ll meet with lawmakers, legal experts, corporate leaders and “citizens of all stripes who are seeking to find consensus on this issue.”
Fire in Circle Centre garage results in water damage for restaurants below
Investigators are trying to determine why water flooded the Noodles & Company eatery at 121 W. Maryland St. and also breached Dick's Last Resort next door at 111 W. Maryland St.
Fed expected to leave rates alone as trade war raises anxiety
The Federal Reserve will meet this week to assess an economy that has just enjoyed a healthy spurt of growth but faces a flurry of trade fights pushed by President Donald Trump that could imperil that growth over time.
Study: ‘Medicare for all’ would hike government health spending by $32.6T
The latest plan from Sen. Bernie Sanders would require historic tax increases as government replaces what employers and consumers now pay for health care, according to the analysis released Monday.
Carmel entertainment business moving to bigger digs in Westfield
The 50,000-square-foot facility on the southwest corner of State Road 32 and U.S. 31 will feature laser tag, bowling, axe throwing, an indoor ropes course, and an outdoor miniature golf course—as well as a restaurant and bar.
Lawsuit filed in fatal duck boat sinking seeks $100 million
The federal lawsuit was filed Sunday on behalf of two members of an Indianapolis family who lost nine relatives when the boat sank July 19 on Table Rock Lake in Branson, Missouri.
Simon Property’s second quarter performance beats analyst expectations
The Indianapolis-based shopping mall giant also raised its full-year forecast after exceeding forecasts with its financial results.
Charles Koch says Trump tariffs could trigger U.S. recession
Billionaire industrialist Charles Koch, who leads a powerful policy and political network, said Sunday he worries President Donald Trump’s actions on trade and tariffs put the booming U.S. economy at risk.
U.S. firms seeking tariff waivers accuse steel makers of false information
Companies seeking waivers fear the Commerce Department will be swayed by opposition from U.S. Steel, Nucor and other domestic steel suppliers.
Indiana agency debuts new wine trail for wine lovers
The Indiana Grown program that’s run by the State Department of Agriculture has unveiled the new trail featuring 30 locations.
IBJ Podcast: SupplyKick CEO talks perks, pitfalls of fast growth
From 2015 to 2017, revenue at the ecommerce firm jumped from less than $4 million to almost $16 million. CEO Josh Owens discusses mistakes made, lessons learned and strategies that panned out.
Judge rules opioid-distribution data not for public consumption
Cleveland-based Judge Dan Polster, who is overseeing more than 800 opioid lawsuits, ruled Thursday that the data cannot be made public, saying that doing so would reveal trade secrets and "eviscerate" the terms under which the information was shared.
Small biz buyout activity booms, driving up acquisition prices
For many small businesses, the easiest thing to sell right now might be the business itself.
Area filings for new homes still rising, but growth rate slows
Indianapolis-area builders saw rising interest in new homes in June, but the growth rate in that demand declined to its lowest point in 14 months.