Greenfield business owner facing 11 counts of fraud, money laundering
The owner of a Greenfield insurance and financial business was charged Wednesday with stealing $1.2 million from clients in a securities and investment fraud scheme.
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Broad Ripple tequila-and-tacos joint expanding to Fishers
The three principals behind Sangrita Saloon are adapting the high-end Mexican concept for the 4,000-square-foot Sangrita Grill & Cantina in the Yard at Fishers District culinary hub.
Initial unemployment claims fall nationally, jump in Indiana
A total of 162,009 people were receiving unemployment benefits in Indiana as of Sept. 5, the Labor Department said Thursday morning. That was up from 158,742 the previous week.
Bryan Fonseca, founder of the Phoenix Theatre, dies from coronavirus complications
Fonseca, who had been the creative force behind the Phoenix for 35 years, left in 2018 and founded the Fonseca Theatre Co. on the city’s near-west side.
Central Indiana existing-home sales rise for second straight month
Sales of existing single-family homes rose in central Indiana in August despite a huge decline in available houses and another record in prices.
Big Ten’s cardiac registry aims to study effects of COVID-19
Myocarditis, an inflammation of the heart, was among concerns cited by the Big Ten in August when it planned to postpone football until spring.
City announces plan for remaining $76M in pandemic relief funds
In a plan approved Wednesday by the City-County Council, Indianapolis will appropriate its remaining federal Coronavirus Relief Funds to various public health, social services, economic and government-related investments.
NCAA basketball season set to open day before Thanksgiving
The Division I Council voted Wednesday to delay the start date from the originally scheduled Nov. 10 as one of several precautions against the spread of coronavirus.
Indiana to begin next round of local road grants after pandemic-related pause
The state’s Community Crossings grant program has awarded more than $730 million to projects in all 92 counties over the past four years.
Report finds global economic outlook not as bad as expected
The Organization for Economic Cooperation and Development also upgraded its forecast for the U.S. economy, anticipating a contraction of 3.8% this year instead of a plunge of 7.3% forecast previously.
Federal Reserve sees rates near zero at least through 2023
Federal Reserve Chairman Jerome Powell said the economic outlook still remains highly uncertain and depends heavily on the ability of the U.S. to get control of the pandemic.
Cityscape Residential offers Noblesville council additional details on Nexus project
Indianapolis-based Cityscape Residential’s plans to ask the city for an $8 million TIF bond to help support its 287-unit luxury apartment complex. The project is also slated to feature a potential three-story, 30,000-square-foot office building.
IndyCar headed to Nashville for urban street course event
The new race will be part of a three-day festival of sound and speed that organizers hope rivals the storied Long Beach Grand Prix.
Council imposes penalties on vendors that don’t meet minority-contracting goals
The changes would allow officials to withhold payments from vendors, terminate their contracts or ban them from future city contracts if they don’t comply with the program.
UPDATE: Health officials reduce Indy Eleven capacity to 2,500 following IBJ story
The county health department said it was reducing the soccer team’s capacity at Lucas Oil Stadium to match what will be allowed at this weekend’s Colts game.
Indiana reports lowest number of COVID-19 cases since Sept. 8
The state on Wednesday also reported 12 new deaths from COVID-19, raising the cumulative total to 3,247. The department has reported 75 new deaths over the past week, compared with 67 the previous week.
U.S. outlines sweeping plan to provide free COVID-19 vaccines
In a report to Congress and an accompanying “playbook” for states and localities, federal health agencies and the Defense Department sketched out complex plans for a vaccination campaign to begin gradually in January or even later this year.
City’s corporation counsel leaves administration for private sector gig
Anne Mullin O’Connor will become corporation counsel for the city of Indianapolis at the end of the month, replacing Donald Morgan, who has worked for the city since 2016.
Study hints Lilly antibody drug might cut COVID-19 hospitalizations
Wednesday’s results come from 450 people in a mid-stage study testing an antibody jointly developed by Lilly and the Canadian company AbCellera in people with COVID-19 symptoms not severe enough to warrant hospitalization.
UPDATE: Big Ten aims for late-October start to football, but without spectators
All 14 teams are expected to play eight regular-season games in eight weeks, plus have an opportunity to play a ninth game, possibly on Dec. 19, with a conference championship game in Indianapolis—if all goes well.