David’s Tea closes Fashion Mall store, exits U.S. market
The struggling Canada-based retail chain is closing all 42 of its stores in the United States as it restructures its finances.
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Subaru pressing ahead with plans for $158M expansion in Lafayette
The automaker, which announced its expansion plans just weeks before COVID-19 began disrupting the economy, says the project won’t be affected by the pandemic.
IBJ Podcast: Indy’s top doc on the COVID response, masks, contact tracing, second wave
Dr. Virginia Caine, one of the key interpreters of data and shapers of policy in Marion County, discusses the frustrations and challenges of combatting a pandemic and shares her blunt message for those who won’t follow the recommendations.
Area builders see big jump in home-construction applications
After a slowdown in May, applications for home construction permits made a solid rebound in the Indianapolis area in June despite the pandemic.
Wisconsin-based Gener8tor speeding entrepreneurial growth in Indiana
The business accelerator has launched a blitz of business-accelerator programs in Indiana since arriving in the state two years ago.
Clay Terrace hits pause on pre-pandemic plan to add apartments, offices, hotel
Columbus, Ohio-based Washington Prime Group has told the city of Carmel it has decided to put the brakes on an ambitious plan to diversify the lifestyle center.
Retail developer who took his own life was dogged by debts
Craig Johnson left behind what court records show is millions of dollars in debt that might not be covered by his estate.
Public health veteran Dr. Virginia Caine both upbeat and frustrated
IBJ talked with Caine about her pandemic frustrations, how testing and contact-tracing are going and whether the Indianapolis 500 should run with fans in the stands.
Justice center project hitting minority-contracting targets, but are they too low?
Roughly $162 million has been committed so far to minority-owned businesses helping to build the city’s $575 million criminal justice center complex in the Twin Aire neighborhood.
Venture firm opening Indy office to target the overlooked
Cincinnati-based Lightship Capital is opening an Indianapolis-area office within three months to provide underrepresented entrepreneurs here access to a $50 million investment fund.
Kite Realty Group seeks $7M in tax increment financing for $55M Glendale project
A proposal to issue economic development tax increment revenue bonds for Kite is slated to be voted on by the City-County Council’s Metropolitan and Economic Development Committee on Monday.
Chef and restaurateur Hardesty scaling back schedule after leukemia diagnosis
Hardesty, 51, said operations at his culinary business, Studio C, will be scaled back while he undergoes treatment over the next several months.
NCAA lays out plan for playing, but warns of surging pandemic
The NCAA handed down its latest guidelines for playing through a pandemic while also sounding an alarm: The prospect of having a fall semester with football and other sports is looking grim.
State revenue comes in $1.4B less than expected for fiscal year 2020
Lower than expected revenues created a budget deficit of nearly $900 million, but the state still managed to end the year in the black by cutting costs in some areas, tapping into reserves and receiving additional federal dollars for Medicaid.
Kroger, Kohl’s join Walmart on growing list of retailers to require face coverings
The National Retail Federation, the nation’s largest retail trade group, on Wednesday said it is “encouraging all retailers to adopt a nationwide policy that requires customers to wear face coverings or masks to protect the health and well-being of customers, associates and partners during the coronavirus pandemic.”
Hospital officials, experts say new federal rules for COVID-19 reporting will add burdens
The new rules took effect Wednesday and will determine the allocation starting next week of critical supplies from the federal government, including protective gear and remdesivir.
Hogsett: Delays likely for Pan Am Plaza hotel, convention center project
Indianapolis Mayor Joe Hogsett said the city is continuing to work with Indianapolis-based Kite Realty Group Trust—which is developing the project—to finalize a reworked timeline.
Central Indiana existing-home sales rebounded strongly in June
The median home price in the 16-county area has hit all-time highs in four straight months.
Apartment, retail project planned on Indiana Avenue by Walker Center
Documents filed with the city show that the apartments would range from studios to three-bedroom units, along with a handful of co-dwelling units.
Council seeks ‘Black Lives Matter’ message on Indiana Avenue, commission on Black males
The Indianapolis City-County Council on Monday passed a resolution to paint a message on Indiana Avenue condemning racism and inequality. It also proposed the creation of the Indianapolis Commission on African American Males.