Holcomb, Chambers to visit Slovakia, Israel on economic mission
The trip also will include a humanitarian component tied to Russia’s invasion of Ukraine.
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Carmel replacing grass with artificial turf at Midtown Plaza
The $147,238 project comes after the city had trouble growing natural grass. The turf, once installed, will have a natural grass appearance and “be cushioned for delicate joints,” the city says.
Cummins halting all business operations in Russia
Cummins has operated in Russia for decades and has 700 employees in that country, but on Friday the company said it was halting all operations in Russia “indefinitely” because of Russia’s invasion of Ukraine.
As city looks to state for help, path to more road funding unclear
Indianapolis officials are looking to state government for options that could help the city close a funding gap of up to $1 billion a year for roads and transportation infrastructure.
Ukraine invasion increases pressure for U.S. oil, but industry faces hurdles
Obstacles to more U.S. oil are surmountable, according to analysts, yet will take months to work through and it could be late this year or early next before a significant production increase materializes.
Seattle firm to acquire part of Carmel-based Residential Warranty Services for $33M
Porch says it plans to acquire Residential Warranty Services’ home-warranty and home inspector software and services businesses. The deal is expected to close next quarter.
Existing-home sales hold steady in central Indiana amid rising prices
The median price for homes sold in the area last month was up 13.6%, to $253,245, compared with $223,000 in February 2021.
Longtime Chamber of Commerce leader Brinegar announces retirement plans
Kevin Brinegar has led the statewide business advocacy as president and CEO for the past 20 years.
Marion County courts’ move to Community Justice Campus set to begin in April
The courts had planned to move at the end of 2021 or early 2022, but COVID-related delays changed those plans.
U.S. adult smoking rate fell during first year of pandemic
U.S. cigarette smoking dropped to a new all-time low in 2020, according to survey data released Thursday by the Centers for Disease Control and Prevention.
U.S. grew wealthier, better educated in second half of 2010s
The report released Thursday captures the second half of a decade-long expansion in the U.S. economy that followed the Great Recession.
Moderna seeks FDA authorization for 4th dose of COVID shot
The company said its request for approval for all adults was made “to provide flexibility” to the Centers for Disease Control and Prevention and medical providers to determine the “appropriate use” of a second booster dose of the vaccine.
Ticket prices on secondary market lower than usual for NCAA games in Indianapolis
The early-round NCAA Men’s Basketball Tournament games, which will be played Thursday afternoon and evening and on Saturday, are expected to lure up to 40,000 people to Indianapolis.
PNC’s Connie Bond Stuart to retire after 41-year career
Stuart has served as PNC’s top Indianapolis-area executive since 2011, and she’s spent her entire career working for the bank in various markets.
Westfield to contribute $5M toward new YMCA construction
The YMCA is still looking to raise $2 million before a groundbreaking can happen on a new center near the Grand Park Sports Campus.
Crews still dousing fire-damaged Walmart center’s hot spots
The Bureau of Alcohol, Tobacco, Firearms and Explosives is investigating the fire’s cause. Officials said the investigation into the fire’s cause and origin could take days, even weeks.
Number of Americans collecting unemployment falls to 50-year low
U.S. businesses posted a near-record level of open jobs in January—11.3 million—a trend has helped pad workers’ pay and added to inflationary pressures.
Incentive for film production breaks losing streak in Indiana Legislature
Filmmaker Angelo Pizzo, Rep. Bob Morris and lobbyist Tony Samuel explain how an underdog proposal to attract movie business became a new law.
DePauw University to use $40M in gifts for new business school
The new business school is included in a five-year strategic plan the Greencastle-based university unveiled this week called “Bold & Gold 2027.”
Rolls-Royce to spend $400M on upgrades in Indianapolis, West Lafayette
In Indianapolis, Rolls-Royce plans to add 150,000 square feet to the east side of its Tibbs Avenue facility, expanding and improving its testing capabilities at the site.