Heartland Ventures closes $52M investment fund
The Ohio-based venture firm, which gets its funding from Indiana and Ohio companies, invests in tech startups developing products that can benefit those Midwestern investors.
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Governor’s panel pushes strategic, practical workforce changes to prep state for job growth
On the group’s list of recommendations are creating an Indiana Talent Agency, more flexibility in high school diplomas, removal of barriers for child care workers, and incentives for colleges to funnel students into STEM fields.
Hundreds said to have opted to leave Twitter over Musk ultimatum
Hundreds of Twitter employees refused Thursday to sign a pledge to work longer hours, threatening the site’s ability to keep operating and prompting hurried debates among managers over who should be asked to return, current and former employees said.
IPS board passes Rebuilding Stronger plan to close schools, change grades
Indianapolis Public Schools will close six buildings and reconfigure elementary and middle school grades throughout the district following the school board’s approval of the plan Thursday night.
Tom Froehle stepping aside as Faegre Drinker chooses new leader
Tom Froehle, who has led one of largest law firms in Indianapolis through two mergers, will be stepping down next year as co-chair of Faegre Drinker Biddle & Reath.
Pelosi to step down from House leadership, stay in Congress
House Speaker Nancy Pelosi said Thursday that she will not seek a leadership position in the new Congress, ending a historic run as the first woman with the gavel and making way for a new generation to steer the party.
GM CEO Barra says electric vehicles to be profitable by 2025
GM is sticking by a pledge made by Mary Barra to sell more EVs in the U.S. than market leader Tesla by the middle of the decade.
Sportsbooks say you can win big. Then they try to limit winners.
Many U.S. sportsbook operators are seeking to boost profits by weeding out winning customers. Bettors who show signs of savvy are being limited faster and more aggressively than in the past.
Tonic Ball and the Last IV return to action Friday in Fountain Square
The 21st Tonic Ball—and first in-person edition since 2019—will feature 55 performers Friday at four Fountain Square venues.
Daniels to remain as Purdue Research Foundation chairman
In the role, Daniels will continue the ongoing economic development pipeline and growth of Discovery Park District at Purdue. He will also serve as liaison to the state legislature and Indiana government as Purdue establishes an independent presence in Indianapolis.
Payne’s dual roles at CICF to become separate jobs when he retires
Brian Payne, who is retiring from his longtime roles as CEO of the Central Indiana Community Foundation and president of the Indianapolis Foundation, said it was becoming clear that each position was growing into a full-time job.
Indianapolis-based franchising-tech firm Woven Brands lands $1.5M investment
Established in 2017, Woven Brands had been self-funded until now. The company’s software platform helps franchisee operators and multi-unit independent operators more easily manage their staff and operations.
Number of women working in the NFL steadily rising
The overall percentage of women in the NFL’s league office is at an all-time high of 41.3% in 2022, with 319 females holding various positions.
Advocates try again to increase Indiana’s cigarette tax
The American Cancer Society is emphasizing the need to discuss an increase to the state’s cigarette tax, which at 99 cents per pack is the 39th-lowest tax rate in the country.
Trimming the fat: inflation finally hitting profit margins
Corporate profits have withstood raging inflation over much of the last year, but those good times might be ending.
Fed official suggests substantial rate hikes might be needed
Comments by James Bullard raised the prospect that the Federal Reserve’s interest rate hikes will make borrowing by consumers and businesses even costlier and further heighten the risk of recession.
Exec who cleaned up Enron calls FTX collapse ‘unprecedented’
The new CEO of the collapsed cryptocurrency trading firm FTX, who oversaw Enron’s bankruptcy, said there was a “complete absence of trustworthy financial information.”
Developer plans 192-unit senior living community near Grand Park Sports Campus
If approved, Traditions at Grand Park would be developed near the intersection of West 186th Street and Kinsey Avenue.
AP interview: Pence says voters want new leadership
Former Vice President Mike Pence, while considering a presidential campaign of his own, has been raising his profile as he promotes his new memoir.
Therapists say they can’t meet high demand as anxiety, depression linger
The high demand for therapy is the latest sign of and ongoing U.S. mental health crisis exacerbated by the coronavirus pandemic. Though millions of Americans have returned to normal life, many people feel far from normal.