Safavieh is planning a 601,350-square-foot warehouse on 37 acres at Ambrose Property Group’s Indianapolis Logistics Park Northwest that will eventually employ 60 workers.
DEI efforts remain popular with the Indiana Chamber of Commerce and some prominent members of the Hoosier business community even as companies elsewhere back away from what has become a culture war flashpoint.
Indiana’s economic development conversations are becoming increasingly centered on a high-tech manufacturing industry in which few current Hoosier workers have experience: semiconductors.
Koola Logistics received approval from the Indiana Economic Development Corp. for $4.25 million in conditional EDGE tax credits to expand their payroll to 250 by the end of 2026.
Some companies say a new rule created by the Federal Trade Commission will make it hard to protect trade secrets and investments they make in their employees.
As Elevate Ventures prepares for year two of its multimillion-dollar Rally innovation conference, the organization is making a few adjustments to last year’s playbook.
The National College Players Association said it is against the proposed $2.8 billion settlement agreement of antitrust litigation facing the Indianapolis-based NCAA and major college conferences.
The Federal Trade Commission contends the $24.6 billion deal would eliminate competition and lead to higher food prices for already struggling customers.
The Paychex Small Business Employment Watch found hourly earnings growth for workers at firms with 50 employees or less dropped below 3% for the first time since January 2021.
Nationally, the average cost of employer-sponsored health plans is expected to grow 9% next year if companies don’t find ways to cut costs, according to an Aug. 15 report by professional services firm Aon.
In the Indianapolis area, some firms continue to operate remotely and say they wouldn’t have it any other way. Others, though, say their companies run better when employees are in the office at least some portion of the week.
Indianapolis-based software company OnBoard has hired Marc Huffman, a 25-year industry veteran, to lead the company, succeeding founding CEO Paroon Chadha.
Indianapolis is the third U.S. market for InDrive, which allows riders and drivers to negotiate prices for specific trips via InDrive’s mobile app. It hopes to capture 25% to 30% of the local ride-hailing market before opening a physical office.
PhysioLogic Devices Inc. will change its name to Portal Diabetes Inc. following the company’s move. It plans to employ up to 35 full-time employees by 2028 with an average salary of $135,265 each.
Dabico A-Bridge LLC and its parent company, Dabico Airport Solutions LLC, plan to expand their Indianapolis facilities and add another 151 jobs by the end of next year.
Boeing lost $6.17 billion in its latest quarter. The company hasn’t had a profitable year since 2018, and Wednesday’s numbers represented the second-worst quarter in the manufacturer’s history.
The Indianapolis-based insurer is making the layoffs just a week after reporting a disappointing third-quarter profit and lowering its full-year earnings guidance.
