New York-based Simplifeye moving HQ to Carmel, hiring 75
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.
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Councilors debate future of Blue Indy assets, reject proposal to waive buying option
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.
Insurer Anthem’s profit swells, helped by drop in claims
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.
Lilly gets closer to first blood test for Alzheimer’s disease
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.
Noblesville approves $14M bond package for Village at Federal Hill project
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 exceeds expectations despite historic drop in quarterly revenue
Cummins said it expects sales to improve in the third quarter, although the pandemic continues to create considerable uncertainty.
Owner of vacant Anthem building on Circle now open to multiple tenants
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.
City, Kite reach deal for $550M Pan Am Plaza project—with up to 2-year delay
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.
IU researcher’s latest biotech startup raises $34.6M
Carmel-based MBX Biosciences Inc., co-founded by serial entrepreneur Richard DiMarchi, aims to develop therapeutics to treat rare endocrine disorders.
Indianapolis Symphony Orchestra cancels indoor season due to pandemic, ‘economic pressures’
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.
Pence in Indianapolis: ‘We have to open up America’s schools’
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.
Governor’s mask order carries no penalties for non-compliance, reveals end date
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.
Downtown restaurants, conventions could be stuck in downward spiral
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 stage trade shows retool themselves for remote events
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.
Roiled by pandemic, not-for-profits cut back, shift missions
Seventy percent of not-for-profits in Indiana have reduced programs or limited capacity since the coronavirus pandemic hit the state, according to a recent report.
Simon Property-backed venture makes offer to buy Brooks Brothers
Under the terms of the agreement, the Simon-back venture intends to purchase substantially all of the iconic retailer’s global business operations as a going concern. It has committed to acquiring at least 125 Brooks Brothers retail locations.
IndyGo seeks $25.8 million bond to purchase 27 hybrid buses
The Indianapolis City-County Council’s Municipal Corporations Committee voted 7-2 Wednesday night to advance the proposal to the full council.
NCAA football oversight committee asks board for time on fall sports
The NCAA football oversight committee is asking the association’s Board of Governors to avoid making a decision soon on whether to conduct fall championships, “so that conferences and schools may have ample latitude to continue to evaluate the viability of playing football this fall.”
City-County Council committee approves $5.3M bond for library upgrades
The money would be directed toward needs at the West Perry, Pike and Nora branches, plus the library’s Center for Black Literature and Culture digital project.