New campaign aims to raise awareness, support for local Black businesses
The campaign, which launches Wednesday, has two goals: Supporting local Black-owned businesses and helping other companies do a better job of supporting the Black community.
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High Alpha portfolio company in hiring mode after raising $2M
Pattern89, which uses an artificial intelligence-driven platform to help customers improve results from paid social media programs, has raised a total of $7.5 million in venture and growth capital since its launch.
Prologis planning $50M warehouse development in Zionsville
A largely agricultural area near the formerly contested border of Zionsville and Whitestown could soon be the site of two 550,000-square-foot warehouses.
Billions of dollars in aid for small businesses go unclaimed
Business owners and advocacy groups complain that the money in the Paycheck Protection Program has not fully put to work because the program created obstacles that stopped countless small businesses from applying.
Fed’s program for loaning to Main Street off to slow start
Fed officials say more than 200 banks have signed up to participate since the program began two weeks ago, but that’s a small slice of the nation’s roughly 5,000 lenders. None have made any loans yet.
Two Indiana counties, more states requiring mask wearing
Amid an alarming resurgence of coronavirus cases in places nationwide, more people are being required to wear masks in public.
Stocks rally on better-than-expected economic data
U.S. companies are providing reason for hope that an earnings recession may be less severe than some analysts expect.
Survey: Top CEOs expect virus business fallout through 2021
Business Roundtable’s CEO Economic Outlook Survey fell to 34.3 in the second quarter, its lowest reading since the same three months of 2009, according to results released Monday.
AMC delays planned movie theater reopenings by two weeks
The company had planned to begin opening theaters in mid-July, but last week the July theatrical release calendar was effectively wiped clean.
Women sue 4 Indianapolis police officers, claiming excessive force
Two women filed the lawsuit after video was released of officers using batons and pepper balls to subdue the women at a protest last month over the death of George Floyd.
Indiana regulators cut Duke Energy’s proposed rate hike by 60%
The Indiana Utility Regulatory Commission ruled Monday that Duke Energy, the state’s largest electricity provider, could collect an additional $146 million a year from customers. That’s down sharply from Duke Energy’s original request.
Tracking coronavirus cases proves difficult amid new surge
Contact tracing—tracking people who test positive and anyone they’ve come in contact with—was challenging even when stay-at-home orders were in place. Now it’s getting even more difficult as states reopen.
Indiana COVID-19 cases rise above 45,000
The Indiana State Department of Health on Monday said 1,166 people from long-term-care facilities have died in the state.
Indiana regulators rule utilities can’t charge consumers for lost revenue during pandemic
Monday’s ruling followed a huge uproar from ratepayers and elected officials, who widely criticized utilities for their request to charge customers for electricity they didn’t use when demand slowed down during health crisis lockdowns.
Money still available for PPP loans, but deadline looms
Indiana lenders had secured a total of $9.5 billion in Paycheck Protection Program loans for their borrowers as of Saturday, according to the Small Business Administration.
Carmel preparing to add 11 roundabouts over next two years
The City of Carmel—already the self-proclaimed “Roundabout Capital of the United States”—on Monday released a list of intersections it plans to convert beginning this summer.
Gilead’s $2,340 price for coronavirus drug draws criticism
Remdesivir’s price has been highly anticipated since it became the first medicine to show benefit in the pandemic, which has killed more than half a million people globally in six months.
IBJ Podcast: Advice for hiring and nurturing a diverse workforce
Attorney Angela Freeman, who has spent six years on the board of Women & Hi Tech, recommends using diverse committees—rather than leaving the job to one individual—for hiring and then assigning new employees, especially minority hires, to mentors who are invested in their success.
Some Indiana schools will reopen without a full-time nurse
The importance of having a medical professional on site has been heightened as districts work through how to reopen schools safely during the ongoing pandemic.
Starbucks latest company to say it will pause social media ads
Several companies say they will halt social media ads after a campaign led by civil rights organizations called for an ad boycott of Facebook, saying it doesn’t do enough to stop racist and violent content.