Indiana reports second-highest daily increase in COVID-19 cases
Indiana has seen new COVID-19 cases rise for five straight days and has reported more than 700 new cases for four straight days.
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Eldorado’s $17.3B merger with Caesars clears final hurdle
The deal, which affects five Indiana casinos, was approved by New Jersey regulators on Friday.
Bank CEOs warn of tougher economic road after recent gains
The road to recovery for the U.S. economy will be uneven, unclear and uncertain as the coronavirus retains its hold on business and Americans’ everyday activities, according to the heads of the nation’s biggest banks.
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.
Indiana reports more than 700 new COVID-19 cases for third straight day
The Indiana State Department of Health on Friday said more than 600,000 tests for COVID-19 have been administered in the state during the pandemic, with 9.1% of those tested found positive.
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.
Two local restaurant groups to require masks at all eateries
Cunningham Restaurant Group and Huse Culinary—which altogether operate more than 30 eateries—said they were taking the step to help prevent the spread of COVID-19 and protect diners and employees.
Indiana unemployment rate improves to 11.2% in June
Private sector employment increased as employees returned to work in the hospitality and manufacturing sectors, as well as in educational and health services.
Group planning weekend anti-mask rally at Indiana Statehouse
The Indiana Conservative Alliance and Grassroots Conservatives previously held protests against Indiana’s stay-at-home orders in April.
Federal Reserve expands lending program to not-for-profit groups
The Fed said Friday that its Main Street Lending Program, which is targeted to mid-sized businesses, will now extend credit to not-for-profits with at least 10 employees and endowments of less than $3 billion.
Tech leaders don’t think Indy needs to become next Silicon Valley
A panel of tech experts at Thursday’s IBJ Technology Power Breakfast addressed a slew of topics—including the challenges local firms face in raising venture capital.
Bosma stepping down early, after 34 years as state lawmaker
Brian Bosma, the longest-serving House speaker in state history, was set to submit his resignation letter Friday morning, stating that he would end his 34-year career as a state lawmaker on July 31.
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.
Indiana educators brace to return to classrooms despite coronavirus health risks
Even in schools and districts that are offering virtual programs, it’s unclear how many teachers will be dedicated to remote instruction and whether those positions will go to teachers who are high risk.
New House bill seeks equal pay, protections for growing numbers of temporary workers
Critics of the bill, including the American Staffing Association, say the bill would reduce companies’ flexibility in the labor market and hurt job creation at a time when too many people are already unemployed.
Experts say Twitter breach troubling, undermines trust
The FBI said Thursday it is investigating the hacks, and said the high-profile accounts “appear to have been compromised in order to perpetuate cryptocurrency fraud.”