Sports-team retailer Rally House expands into Indianapolis market
Sports apparel retail chain Rally House has opened its first Indiana store and is planning to add three additional stores in the Indianapolis-area market by the end of the year.
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NCAA memo: Emmert urges schools to act on NIL or he will
Six states have laws set to go into effect July 1 that will permit college athletes to be paid for endorsements, personal appearances and social media posts, setting up the possibility of patchwork rules from coast to coast for thousands of athletes.
Library under fire after ex-employee raises racism allegations
Some other employees and a former trustee interviewed by IBJ also say library management and board members have not fully and appropriately dealt with such matters in a constructive, public way.
Bank sues former Carmel staffers who left for rival
Busey Bank says it has lost more than $100 million in loans to a competitor because of “brazen and systematic poaching” of its employees.
Newfields’ new chair seeks to undo harm of race controversy
Darrianne Christian in May became the first Black woman to chair the Newfields board of trustees, just months after the art museum and gardens faced an uproar over its handling of race and inclusion issues.
State pours $75M into novel career training fund
The Indiana Career Accelerator Fund will award financial aid to qualified students to use for training in high-demand, high-wage sectors that leads to an industry credential in six months or less.
Capital Improvement Board sees first financially positive month since pandemic
The operator of the city’s convention facilities reported its best monthly financial performance since the pandemic led the Indiana Convention Center to temporarily close down in March 2020.
City Market moves forward with rent-deferment program
A struggling Indianapolis City Market is offering a rent-deferment program that could help merchants who’ve been hit hard by the pandemic and road reconstruction. The move comes as the market is looking at its own finances, with plans to ask the city for a bailout.
Central Indiana existing-home sales, prices continue to escalate
On a year-to-date basis, closed sales are up 10.9% so far this year, to 13,666, compared with 12,320 in the first five months of 2020.
Sources: Rolls-Royce planning to vacate two-thirds of its downtown campus
The United Kingdom-based aircraft engine manufacturer is expected to jettison about 270,000 square feet of office space on its 2.2-acre campus at 450 S. Meridian St. About 3,000 people worked in the company’s downtown offices prior to the pandemic.
New art gallery in Indianapolis International Airport features local artists
The new art gallery is an expansion of the airport’s existing arts program, which was launched when the new terminal opened in 2008.
Loan relief granted to 18,000 former students of ITT Technical Institute
The U.S. Education Department said Wednesday it was erasing student debt for thousands of borrowers who attended the for-profit college chain, which closed in 2016. The chain’s parent, ITT Educational Services Inc., was based in Carmel.
One company’s bill for testing Hoosiers for COVID-19: $139.6 million (and counting)
More than 541,000 free COVID-19 tests have been provided at an OptumServe site since May 6, 2020, the state said last week, when it announced it was closing the vendor’s testing sites at the end of June.
Developer floating $5M in townhouses made from 32 shipping containers
The homes at 1925 N. College Ave. are expected to be completed by mid-2022, since construction with shipping containers is far less reliant on weather conditions than building typical homes.
Owner of Carmel’s Clay Terrace files for bankruptcy
Washington Prime Group, which filed for bankruptcy Sunday, said it may end up selling some or all of its properties as part of its restructuring. The company also owns several other local retail centers.
IBJ Podcast: Newfields’ new board chair is leading inclusion effort
Newfields Board Chair Darrianne Christian, the first Black woman to serve in the role, talks about the museum’s efforts to become more diverse and inclusive.
Indianapolis Star shares Pulitzer Prize for series on police dog bites
Indianapolis Star reporter Ryan Martin and photojournalist Mykal McEldowney were among a team of journalists to work on the series, which reviewed police dog bites nationally from 2017-19.
Herff Jones data breach triggers lawsuits from graduation-gear customers
The company disclosed on its website May 12 what it described as a “cyber security incident” that resulted in the “theft of certain customers’ payment information.”
Lilly’s COVID therapy hits wall as virus wanes
The use of COVID antibodies has fallen across the United States lately and, along with it, Lilly’s sales in that category.
City tweaks TIFs to boost affordable housing
City officials are again refining expectations of developers who ask for help in financing projects, with the goal of increasing the affordable-housing stock and reducing the city’s long-term debt.