Five concepts selected for Melon Kitchen accelerator at 16 Tech
The entrepreneurs will receive $5,000 grants and training in business plans, menu preparation, pitching to investors and other subjects.
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On second try, Westfield City Council OKs move to second-class city status
The change in status means voters in 2027 will elect a city clerk and two additional city council members—one at-large and another representing a sixth district.
Judge grants IPS exemption from state law in sale of two closed school buildings
Indianapolis Public Schools may sell two closed school buildings without first offering them to charter schools for $1, a Marion County judge ruled on Monday.
Supreme Court adopting code of ethics, but has no means of enforcement
The policy, agreed to by all nine justices, does not appear to impose any significant new requirements and leaves compliance entirely to each justice.
Stellantis to offer buyout, early retirement packages to 6,400 nonunion salaried workers
The automaker, formed in the 2021 merger of Fiat Chrysler and PSA Peugeot of France, said it is taking the action “to protect our operations and the company.”
Governor shifts oversight of LEAP water study away from IEDC
The move comes as the Indiana Economic Development Corp. faces questions about its plan to tap the Wabash River aquifer and withdraw as much as 100 million gallons per day for an advanced manufacturing district in central Indiana.
Lilly’s proposed $1.4B acquisition of Point Biopharma gets investor pushback
Point has a pipeline of clinical and preclinical-stage compounds in development for the treatment of cancer using radiopharmaceutical isotopes that hold the promise of delivering targeted treatments to cancer patients.
Lilly experimental drug lowers heart disease risk factor in just one dose, study finds
Lilly’s lepodisiran, given at the highest dose, reduced a heart disease-linked protein to undetectable levels for 48 weeks, according to the study.
Businesses push back on new rule that could make it easier to unionize
Critics say the new rule is an overreach by the labor-friendly Biden administration that undermines independent business owners. Some—including the American Hotel and Lodging Association—have already sued to block it.
Sales of existing homes in Indy area fall for 21st consecutive month
Meanwhile, the median sales price for a house in the 16-county area in October jumped 3.9%, to $299,000, from the same month a year ago.
State, localities starting to spend $507M share from National Opioid Settlement
Almost a year after distributions started from the National Opioid Settlement, only $7.1 million has been put to use so far in Indiana as local units of government wrestle with how to make the most of the payments.
Indiana cities dishing out thousands of dollars to get out-of-state workers to relocate
Hundreds of families have already participated in the MakeMyMove program and now call Indiana home.
Program to get doctors to high-need areas falling short, study says
A decades-old federal program that offers doctors incentives to practice in disadvantaged communities has had little effect on physician density or patient mortality, a recent analysis concludes.
IBJ Podcast: From humble beginnings, apartment developer built $500 million firm in 10 years
Eric Garrett grew up in Evansville below the poverty line. In the latest edition of the IBJ Podcast, he discusses launching The Garrett Cos. from a barn in his backyard in Greenwood and the strategy that created the 37th largest private company in Indiana in less than 10 years.
Kinsey Institute faculty, students express confusion, concern over institute’s future
Kinsey Institute supporters say the proposal to move much of the administration of the institute into a not-for-profit is rushed, unnecessary and underdeveloped. Indiana University trustees have delayed a decision on the plan to gather more input.
Obesity drug cut risk of serious heart problems by 20%, study finds
The research is the first to document that an obesity medication can not only pare pounds, but also safely prevent a heart attack, stroke or a heart-related death in people who already have heart disease—but not diabetes.
Burnette leaving abruptly as CEO of Newfields after 15 months
Colette Pierce Burnette was hired in mid-2022 to help ease a race-related controversy that involved her predecessor. A press release issued Friday by Newfields gave no reason for her departure.
UPDATE: Former state lawmaker accepted bribe from casino for favorable legislation, prosecutors say
Former state Rep. Sean Eberhart has agreed to plead guilty to a federal charge of conspiracy to commit fraud for a scheme in which he agreed to support legislation beneficial to a casino company in exchange for a lucrative job, federal prosecutors say.
Rising hospital CEO pay raises flags
Consumer advocates and other across the country and in central Indiana are saying big executive-compensation packages are ripe for review.
Christel DeHaan foundation distributes $55M as it ceases operations
The foundation spent itself down to zero this year, distributing legacy grants to arts organizations, the University of Indianapolis and not-for-profits focused on military families, former prison inmates, HIV prevention and animal conservation.