NCAA board supports name, image, likeness compensation
The Indianapolis-based NCAA is moving forward with a plan to allow college athletes to earn money for endorsements and a host of other activities involving personal appearances and social media.
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Cummins’ stock jumps after quarterly results exceed expectations
The Indiana-based engine manufacturer warned that the second quarter will be much more difficult, with production and demand largely sidelined by the pandemic.
Beyond COVID podcast: Leaders are created in crisis. You can be one of them.
Nancy Koehn—a historian, Harvard Business School professor and author—talked with host Lesley Weidenbener about how business owners and managers can use this pandemic to develop the skills that will lead their organizations out of the COVID crisis and on to better things.
Dunn Hospitality planning 145-room hotel in $60M development in Fishers
Evansville-based Dunn Hospitality Group is planning to build a $20 million Courtyard by Marriott near Interstate 69 and 116th Street in Fishers by the end of 2021.
Patachou cooking up burger-and-fries concept while ramping up carryout for existing eateries
Apocalypse Burger—a name that came to Patachou founder Martha Hoover during a recent Sunday night Zoom call with family—would be based in the former location of the chain’s Crispy Bird eatery.
Emmis shares plummet after it announces Nasdaq delisting plan
The Indianapolis-based media company, which has been a publicly traded business since 1994, said that it was pursuing the delisting to save money.
IBJ Podcast: What will restaurants, offices look like after economy reopens?
There’s precious little consensus about the necessary precautions, although most decision-makers agree that we won’t get back to “normal” until there’s a vaccine.
IndyGo in line for nearly $45 million in federal COVID-19 relief
IndyGo is among transit operators nationwide that will share $25 billion in federal aid as part of the Coronavirus Aid, Relief and Economic Security Act.
UPDATE: Council approves $25M to make federal paycheck loans available to small businesses
The Indianapolis City-County Council voted unanimously Friday morning to provide Indy Chamber with $25 million that will enable the business-advocacy group to quickly offer forgivable loans to small businesses in Marion County backed by the federal Paycheck Protection Program.
State, city government freeze hiring—but haven’t furloughed employees—as budgets tighten
State and local government budgets are expected to be hit hard as a result of restaurants, retailers and other businesses being closed for weeks.
IndyGo says COVID-19 will delay planned route improvements
COVID-19-related driver shortages, among other factors, mean that route improvements planned for June now won’t happen until 2021.
State, Fairbanks school partner to determine spread of virus in Indiana
Indiana is expected to be one of the first states to perform such a study, Gov. Eric Holcomb said when it was announced during a Thursday press briefing.
Lilly bracing for COVID-19-related headwinds this year
The Indianapolis-based drugmaker, which reported quarterly earnings Thursday, warned it could feel the effects of rising unemployment, a decrease in new prescriptions, and downward pricing pressure from government health care systems.
Chamber survey finds 80% of respondents suffering revenue loss
The Indiana Chamber of Commerce said it used responses from business leaders to help it make recommendations to the governor for how to reopen the economy.
Area businesses could take $85M blow from Grand Park closure
While the expected economic impact to the region is high, Westfield officials say they don’t expect the closure to have a game-changing impact on the city’s budget.
Purdue student files lawsuit against university over its pandemic response
The complaint is one of several that New York-based law firm Milberg Phillips Grossman LLP has filed on behalf of college students across the country who are now receiving a much different college experience than they expected. The suit is seeking class-action status.
North-siders thwart plans for 86th Street project with court victory over city
A judge has ruled in favor of residents of the Driftwood Hills neighborhood, who claimed the City-County Council overreached in approving zoning for the office, retail and restaurant project near Keystone at the Crossing.
White House, congressional leaders reach $484B aid deal
The $484 billion legislation would increase funding for the Paycheck Protection Program by $310 billion, boost a separate small business emergency grant and loan program, and direct billions to hospitals and a new coronavirus testing program.
Developers plan $13M apartment project on Teamsters local site in Fountain Square
Creating the 66-unit apartment project would entail demolishing the two-story, 30,000-square-foot Teamsters building at 1233 Shelby St.
NCAA saved money in case of a canceled March Madness. Then it spent it.
One month after the pandemic forced the cancellation of the lucrative NCAA men’s basketball tournament, officials at athletic departments and college sports conferences across the country remain puzzled by one question: Why wasn’t the NCAA better prepared for this?