Pacers Sports & Entertainment, which owns and manages the Indiana Pacers and Indiana Fever, has cut about 16% of its full-time workforce in response to financial losses during the pandemic, a spokesman told IBJ.
A third of planned downtown hotel rooms announced before the pandemic are now on hold.
To say Indiana’s horse racing industry had concerns about Eldorado Resorts Inc. taking over the state’s two horse-racing casinos would be putting it mildly.
The 4-year-old company uses proprietary software and legions of small farmers and gig drivers to create an Amazon-like system that delivers fresh produce, meats, dairy products and other local food.
Former and current Amazon executives who spoke on the condition of anonymity because they weren’t authorized to speak publicly say no company could fully prepare for the crush of orders stemming from a global pandemic.
IPS struggled with the shift to remote instruction in March, but officials said they were taking steps to mitigate problems this time around.
Dr. Ryan Hungate, a Kokomo native who founded the medical-practice software firm in 2014, said he plans to spend up to $10 million to shift a majority of the company’s operations to Carmel.
A City-County Council committee this week killed a proposal requesting the mayor and his administration waive the city’s option to purchase Blue Indy’s charging stations and kiosks.
Anthem Inc.’s second-quarter profit doubled on a year-over-year basis as a pandemic-induced drop in claims and a new business pushed the Blue Cross-Blue Shield insurer’s earnings past expectations.
An experimental blood test from Indianapolis-based Eli Lilly and Co. was highly accurate at distinguishing people with Alzheimer’s disease from those without it in several studies, boosting hopes that there soon may be a simple way to help diagnose the condition.
The $32 million plan includes 160 apartments, more than 400 parking spaces, and 30,000 square feet of commercial space for retail or office uses.
Cummins said it expects sales to improve in the third quarter, although the pandemic continues to create considerable uncertainty.
The owner of the 213,600-square-foot office building had hoped to sign a single user for the high-profile property, but its strategy has become more flexible in the year and a half it has remained empty.
The city will not subsidize construction of Kite’s two hotels on the site but will ask the City-County Council to authorize a $150 million bond to finance an addition to the Indiana Convention Center.
Carmel-based MBX Biosciences Inc., co-founded by serial entrepreneur Richard DiMarchi, aims to develop therapeutics to treat rare endocrine disorders.
A joint statement from the symphony’s management and musicians said they were working together to try to provide health insurance for furloughed orchestra members.
Vice President Mike Pence, Secretary of Education Betsy Devos and Dr. Deborah Birx, a leader of the White House Coronavirus Task Force, joined Indiana Gov. Eric Holcomb and leaders of Marian University on Friday for a roundtable about how to reopen K-12 schools and and universities.
Indiana Gov. Eric Holcomb’s executive order, signed Friday, does not include penalties for violations. The state attorney general said this week that the governor does not have legal authority to enforce a mask mandate.
The loss in convention business due to COVID-19 is starving downtown restaurants of customers. And without great restaurants, Indy isn’t as attractive as a convention destination.
Firms that specialize in making conferences, fundraisers and other events memorable and financially successful must pivot on a dime to stay relevant in the coronavirus era.
