Carmel-based logistics firm plots exponential growth
Koola Logistics received approval from the Indiana Economic Development Corp. for $4.25 million in conditional EDGE tax credits to expand their payroll to 250 by the end of 2026.
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Proposed Medicare cuts put squeeze on doctors
Last month, the federal Medicare program proposed a 2.9% cut to physician pay for 2025. That marked the fifth straight year that regulators proposed cutting payments to doctors for thousands of services, from stitching a wound to replacing a knee.
Development expected to follow now-completed I-69 route
An interstate that runs uninterrupted from Indianapolis to Evansville opens new opportunities, particularly in Morgan and Johnson counties, where large tracts of land along the route remain undeveloped.
East-side neighborhood could soon get TIF money
Reagan Park could soon benefit from an economic development tool that would capture the tax dollars from new developments to benefit existing residents and potentially help them stay in their homes.
Indy prepares to take big step in pedestrian safety efforts
The City-County Council is expected on Monday night to approve a sweeping measure that has the ambitious goal of eliminating pedestrian fatalities by 2035.
I-69’s final connection to Indianapolis expected to boost Evansville’s economy
Business leaders say the large amount of land that can be developed north of Evansville along the interstate gives the city unlimited possibilities for growth and change.
City-County Council Dems pledge reforms to protect against sexual harassment
Most of the council’s Democratic caucus issued a joint statement Friday morning committing to city human resources reforms in light of sexual harassment allegations against a former top aide to Indianapolis Mayor Joe Hogsett.
Liberty Media confirms Justice Department investigation over F1’s Andretti denial
Meridian, Colorado-based Liberty Media, owner of Formula One Group, rejected Indianapolis-based Andretti Global’s application in January after a six-month review.
Banks unresponsive to debate invitation for U.S. Senate seat
Sitting Congressman Jim Banks hasn’t yet accepted an invitation to debate from the Indiana Debate Commission, though both Democrat Valerie McCray and Libertarian Andrew Horning have indicated their willingness.
Business groups await more details, urge caution on Braun property tax plan
Republican gubernatorial candidate Mike Braun’s lack of particulars on his property tax relief plan for homeowners has raised concerns that the tax burden could be shifted to business and agricultural property owners.
Indianapolis-based The Heritage Group hires entrepreneur-in-residence
Mitch Black’s main role is as an adviser to the New Venture Group’s 35 portfolio companies, helping them navigate the challenges that young companies face.
Indiana, 14 other states sue to block Biden effort to help migrants get health coverage
The states hope to block a rule that is expected to allow 100,000 immigrants brought to the U.S. illegally as children to enroll next year in the federal Affordable Care Act’s health insurance.
IRS to resume processing new pandemic tax credit claims from employers
Businesses have filed at least 3.6 million claims for the Employee Retention Credit since the program’s debut. It has distributed at least $232 billion, far exceeding Congress’s initial expectations.
Indy point-in-time homeless count rises for first time since 2021
The annual count is required for communities to receive funding from the U.S. Department of Housing and Urban Development, which helps fund local homelessness prevention efforts.
Could two NASA astronauts be stuck at space station until next year?
Butch Wilmore and Suni Williams have been up there since early June, their planned eight-day mission at the two-month mark and possibly heading toward eight months.
Wall Street rallies to its best day since 2022 on encouraging unemployment data
Treasury yields also climbed in the bond market in a signal investors are feeling less worried about the economy after a report showed fewer U.S. workers applied for unemployment benefits last week.
IU’s Whitten, Purdue’s Chiang urge business leaders to be part of post-IUPUI vision
The university presidents agreed that retaining students in Indiana requires a collaborative effort by universities and employers to channel students into enticing and promising jobs.
City-County councilor calls on mayor to resign over sex harassment claims against ex-aide
Jesse Brown, a first-term Democrat, said Indianapolis Mayor Joe Hogsett should resign over his handling of sexual harassment claims against former top aide Thomas Cook.
IndyFringe Festival extends borders to new parts of town
IndyFringe has added White Rabbit Cabaret and Dance Kaleidoscope as venues, the festival’s first spots outside of the Mass Ave cultural district since it debuted in 2005.
AES to spend $1.1B as it converts huge Petersburg plant from coal to natural gas, adds solar and battery projects
The investment would make AES Indiana the first utility in Indiana to abandon the use of coal as a fuel source, if state regulators agree, the company said.