Banks use PPP loans to find new customers, offer other services
In helping borrowers secure vital funding that helped them weather the pandemic, banks say the PPP program has helped them build relationships that could lead to a lot of new business.
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Businesses applaud Legislature’s ‘wow’ initiatives
State lawmakers came through in big ways for business and manufacturing interests this year.
Clamor for gardens escalates even as pandemic restrictions ease
Local home and garden stores are continuing to struggle to meet the pandemic-fueled demand that began last spring.
Indiana life science players have adapted to pandemic, panelists say
Speakers at the IBJ Life Sciences Power Panel on Friday said their organizations have largely weathered the lockdown—raising records funds, taking on huge expansions, hiring new employees and reporting higher productivity.
Indiana’s daily COVID-19 cases hit highest mark in 11 weeks
Statewide hospitalizations due to COVID-19 rose from 890 on Wednesday to 920 on Thursday. Hospitalizations are up 32% since April 1.
First Internet Bank beefs up small-business lending division with new hires
Fishers-based First Internet Bank began assembling its Small Business Administration lending division in late 2018.
Purdue set to take data science program statewide using Lilly Endowment grant
The Indiana Digital Crossroads program will create regional data science hubs throughout the state that are meant to bring undergraduate college students, faculty, business leaders and high school students together to help prepare workers for future jobs.
March U.S. incomes surge as relief rolls out, spending jumps
U.S. consumer spending rose at the fastest pace in nine months while incomes soared by a record amount in March, reflecting billions of dollars in government support payments.
U.S. wages, benefits jump as economy reopens
The figures suggest that as the economy rapidly reopens, businesses are already providing higher pay and benefits to pull workers back into the job market.
Labor secretary says gig workers should be classified as employees in ‘a lot of cases’
Labor Secretary Marty Walsh said that a lot of gig workers are misclassified as contractors on Thursday, sending stocks of tech companies such as Uber, Lyft and DoorDash falling amid speculation about the future of the fraught business model.
Chip shortage spreads beyond automakers, hurting sales at Apple, Samsung
The scarcity of chips could cloud some of the pandemic recovery if it continues to hamper manufacturing in the coming months.
Amazon’s profit more than triples as pandemic boom continues
Fueled by the growth of online shopping, Amazon posted revenue of more than $100 billion, the second quarter in a row that the company has passed that milestone.
Eying 2024, Pence makes first speech since leaving office
In his first public address since the end of the Trump administration, former Vice President Mike Pence on Thursday put down a marker for a potential return to elected office
Governor signs controversial wetlands bill into law
The bill, which scales back protections on Indiana wetlands, had gained support from the Indiana Builders Association, but numerous environmental, conservation and civic groups opposed it.
Simon no longer managing day-to-day operations at downtown’s Circle Centre mall
Property management firm JLL sent a letter, dated April 21, to tenants to inform them that it had taken over mall management and said it is in the process of hiring a general manager for the property.
Indy Eleven reaches sports betting deal with BetRivers
The agreement provides for a sleeve logo on the Indy Eleven’s 2021 jerseys, along with sponsorship of the 30-minute postgame TV show following every home game broadcast.
Indianapolis-based Castle Wealth Advisors acquired by Kansas firm
Castle President and CEO Gary Pittsford, who founded his business in 1973, said the deal will allow the firm to continue to grow, and give it access to a much larger pool of experts and services.
Indiana COVID-19 daily cases climb to 1,406
The state said more than 1.84 million Hoosiers had been fully vaccinated against COVID-19 as of Wednesday. More than 2.33 million had received the first dose of a two-dose vaccination.
Indoor concerts about to return to Indianapolis-area venues
Hilbert Circle Theatre in downtown Indianapolis, The Palladium in Carmel and The Vogue in Broad Ripple are among the venues that are getting back to business starting as soon as Friday.
U.S. jobless claims drop to lowest level since pandemic hit
The number of Americans applying for unemployment benefits dropped by 13,000 last week, to 553,000, another sign the economy is recovering from the coronavirus recession.