Hotels at Pan Am Plaza to create 600 jobs paying at least $14 an hour
The project, which includes plans for a $125 million expansion of the Indiana Convention Center, would also create 2,500 construction jobs before completion in 2025.
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Five things to know about the planned redevelopment of Pan Am Plaza
The project, expected to cost as much as $550 million to construct, has been in the works for years as Kite and the city worked to reach an agreement.
Coronavirus relief talks ramp up as GOP releases $1T package
The White House and Senate Republican plan calls for around $1 trillion in new spending, while the House Democrats have coalesced around a $3 trillion plan they passed in May.
Liberty Fund taps longtime tech-marketing exec as new chief executive
Sean Shelby will join Liberty Fund on Aug. 31, succeeding CEO and President Emilio Pacheco, who has led the organization since 2016.
Notre Dame withdraws as host of first presidential debate
The university was set to host the inaugural contest between President Donald Trump and former Vice President Joe Biden on Sept. 29.
Google to keep its 200,000 workers home for another year
That makes parent company, Alphabet, the first major U.S. company to push its comeback into the second half of next year.
Senate Republicans, White House seek to reduce extra unemployment benefit
Senate Republicans want to reduce the $600 extra payment to $200 until states can implement a new approach that would pay the unemployed 70% of the income they collected before they lost their jobs.
Indiana’s largest nursing home operator has seen at least 374 COVID-19 deaths
Almost a quarter of the nursing home deaths from COVID-19 in Indiana have occurred at facilities operated by Health and Hospital Corporation of Marion County. The facilities are managed by Indianapolis-based American Senior Communities.
IU researcher’s latest biotech startup raises $34.6M
Carmel-based MBX Biosciences Inc., co-founded by serial entrepreneur Richard DiMarchi, aims to develop therapeutics to treat rare endocrine disorders.
Indiana reports two-week low in new COVID-19 cases, testing
The Indiana State Department of Health on Monday reported 561 new COVID-19 cases. It’s the first time in two weeks that the state hasn’t reported at least 600 new daily cases.
Some big companies that got PPP yet to rehire workers
The companies say that they can’t rehire many people because they can’t fully reopen properties. But their decisions to withhold the money from payroll have left employees to rely on government unemployment checks.
Orders for big-ticket manufactured goods jump 7.3%
The Commerce Department said Monday that the June gain in durable goods orders, which was better than expected, followed an even bigger 15.1% increase in May.
Target joins Walmart in closing on Thanksgiving, ending Black Friday kickoff
The move, announced Monday, come as retailers are rethinking Black Friday in-store bargain shopping as they try to curb the spread of the coronavirus, which has seen a resurgence in a slew of states.
Virus vaccine put to final test in thousands of volunteers
The world’s biggest COVID-19 vaccine study got underway Monday with the first of 30,000 planned volunteers helping to test shots created by the U.S. government—one of several candidates in the global vaccine race.
Trade, technology, security at risk in rising U.S.-China feud
If talks on ending the dispute fail, the world could face downward pressure on trade at a time when the global economy is already reeling from the pandemic.
White House: Congress might need to rush narrow relief bill to avoid unemployment aid lapse
Enhanced unemployment benefits are expiring at the end of this week for millions of Americans.
IBJ Podcast: This couple developed a robot that will kill coronavirus in your workplace
Diana and Jason Brugh talks with podcast host Mason King about how they were able develop a robot in just weeks, what it has been like working together, and what the robot costs. Plus, Diana explains her family’s experience with the coronavirus that helped motivate the project.
Survey: Business economists sketch more hopeful outlook
The economic outlook of U.S. business economists has improved over the past three months, though their sunnier view may be jeopardized by the resurgence of the coronavirus.
Treasury secretary: Virus aid package soon, $1,200 checks by August
Treasury Secretary Steven Mnuchin said extending an expiring unemployment benefit—but reducing it substantially—was a top priority.
Indiana reports 860 new COVID-19 cases; total testing tops 700K mark
The state has reported more than 700 new COVID-19 cases daily for six straight days and more than 600 cases daily for the past 13 days.