State agencies spent $5 million on travel in 2024 fiscal year
The top spenders mostly covered in-state travel for facility visits, conferences and inspections.
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IBJ Podcast: Pete the Planner on the best places to stash your cash
IBJ personal finance columnist Peter Dunn details the options for keeping cash close at hand while allowing it enough space to grow, in light of the Fed’s impending decision on interest rates.
Mass Ave business owners weighing designated outdoor refreshment area
The Mass Ave Merchants Association is expected to discuss the creation of a DORA this week—the first step of several needed to establish what would be the first such district in Indianapolis.
Apple’s new iPhone catapults tech trendsetter into age of AI
The iPhone 16 is generating a bigger buzz because it is the first model to be tailored specifically for AI, a technology that is expected to trigger the biggest revolution in the industry since Steve Jobs thrust Apple into the smartphone market 17 years ago.
Fishers startup prepares to go public
Four-year-old Novusterra Inc. is planning an initial public offering within 90 days and hopes to be approved to trade on the OTCQB Venture Market, often used by companies that are still developing.
Hogsett prepares to again seek changes to state road-funding formula
But some city-county councilors are so tired of waiting on the Legislature to act that they are suggesting exploring city-based solutions.
Water management emerges as high-stakes statewide issue
State officials, business leaders and other stakeholders say failing to act soon could threaten Indiana’s growth and economic development.
Training center helps Republic Airways pilots earn, keep their wings
The training center, a 272-room hotel for Republic employees and an 800-space parking garage are part of Republic’s $200 million corporate campus. A 122,000-square-foot headquarters building is under construction and expected to open in January 2026.
Key lawmakers say Indiana casino’s proposed move is worth consideration
Full House Resorts says Rising Star Casino Resort, in the Indiana city of Rising Sun, is the worst-performing location in its portfolio and it wants to move it to another location 150 miles away.
Retailer formerly known as Lumber Liquidators closing all stores
LL Flooring is “winding down operations” after declaring bankruptcy and plans to close all stores, including three stores in central Indiana.
Sluggish jobs report clears the way for Federal Reserve to cut interest rates
Collectively, Friday’s figures depict a job market slowing under the pressure of high interest rates but still growing.
Marian University unveils $150M campaign for health sciences, plans to expand med school enrollment
The university plans to launch degree programs in occupational therapy, physical therapy and other rehabilitative health care services, and expand undergraduate and graduate nursing programs, with additional locations.
Indianapolis-based software startup Champion lands $3.3M in seed funding
Champion, a marketing data firm founded in 2023 by former employees of Salesforce and Aircall, has raised a total of $5.3 million since its launch.
Indy councilors consider more accessible and expansive financial disclosures
For now, disclosure forms bearing councilor workplaces, board memberships and potential conflicts of interest are only available through a records request to the council office.
Ex-Edison School chief fired over racial slur now leads Indianapolis charter school
Nathan Tuttle, who was previously executive director and CEO at Edison School of the Arts, started as the K-8 principal of Matchbook Learning on June 1.
Teen vaping hits 10-year low in United States
FDA officials noted that the drop in vaping didn’t coincide with a rise in other tobacco industry products, such as nicotine pouches, which have surged in use among adults.
Former Old National CFO, on leave following criminal charges, parts ways with bank
Old National, the largest bank based in Indiana, placed CFO Brendon Falconer on leave in April after he was charged with two counts of child molestation.
Red Lobster says it will soon exit bankruptcy protection after judge approves seafood chain’s sale
A U.S. bankruptcy judge on Thursday approved the casual seafood chain’s reorganization plan, which includes a lender group led by asset manager Fortress acquiring the business.
Government orders big U.S. airlines to explain their frequent-flyer programs
Transportation Secretary Pete Buttigieg wrote to the CEOs of American, Delta, Southwest and United on Thursday, asking each for a report on policies, fees and other features of their loyalty program.
Judge questions restrictions on booster payments to athletes in $2.78B NCAA settlement
U.S. District Judge Claudia Wilken did not rule on the request to grant preliminary approval of the deal. She told the NCAA and plaintiffs to “go back to the drawing board” to address issues she raised and report back to her in three weeks with solutions.