State pours $75M into novel career training fund
The Indiana Career Accelerator Fund will award financial aid to qualified students to use for training in high-demand, high-wage sectors that leads to an industry credential in six months or less.
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Capital Improvement Board sees first financially positive month since pandemic
The operator of the city’s convention facilities reported its best monthly financial performance since the pandemic led the Indiana Convention Center to temporarily close down in March 2020.
City Market moves forward with rent-deferment program
A struggling Indianapolis City Market is offering a rent-deferment program that could help merchants who’ve been hit hard by the pandemic and road reconstruction. The move comes as the market is looking at its own finances, with plans to ask the city for a bailout.
Central Indiana existing-home sales, prices continue to escalate
On a year-to-date basis, closed sales are up 10.9% so far this year, to 13,666, compared with 12,320 in the first five months of 2020.
Sources: Rolls-Royce planning to vacate two-thirds of its downtown campus
The United Kingdom-based aircraft engine manufacturer is expected to jettison about 270,000 square feet of office space on its 2.2-acre campus at 450 S. Meridian St. About 3,000 people worked in the company’s downtown offices prior to the pandemic.
Loan relief granted to 18,000 former students of ITT Technical Institute
The U.S. Education Department said Wednesday it was erasing student debt for thousands of borrowers who attended the for-profit college chain, which closed in 2016. The chain’s parent, ITT Educational Services Inc., was based in Carmel.
One company’s bill for testing Hoosiers for COVID-19: $139.6 million (and counting)
More than 541,000 free COVID-19 tests have been provided at an OptumServe site since May 6, 2020, the state said last week, when it announced it was closing the vendor’s testing sites at the end of June.
Developer floating $5M in townhouses made from 32 shipping containers
The homes at 1925 N. College Ave. are expected to be completed by mid-2022, since construction with shipping containers is far less reliant on weather conditions than building typical homes.
Owner of Carmel’s Clay Terrace files for bankruptcy
Washington Prime Group, which filed for bankruptcy Sunday, said it may end up selling some or all of its properties as part of its restructuring. The company also owns several other local retail centers.
IBJ Podcast: Newfields’ new board chair is leading inclusion effort
Newfields Board Chair Darrianne Christian, the first Black woman to serve in the role, talks about the museum’s efforts to become more diverse and inclusive.
Indianapolis Star shares Pulitzer Prize for series on police dog bites
Indianapolis Star reporter Ryan Martin and photojournalist Mykal McEldowney were among a team of journalists to work on the series, which reviewed police dog bites nationally from 2017-19.
Herff Jones data breach triggers lawsuits from graduation-gear customers
The company disclosed on its website May 12 what it described as a “cyber security incident” that resulted in the “theft of certain customers’ payment information.”
Lilly’s COVID therapy hits wall as virus wanes
The use of COVID antibodies has fallen across the United States lately and, along with it, Lilly’s sales in that category.
City tweaks TIFs to boost affordable housing
City officials are again refining expectations of developers who ask for help in financing projects, with the goal of increasing the affordable-housing stock and reducing the city’s long-term debt.
New nonstop flight to Austin coming to Indianapolis International Airport
The flight will be offered daily for nearly a month before shifting to a twice-daily schedule Oct. 2., with bookings starting June 14.
Torchy’s Tacos, Kung Fu Tea and more coming to Hamilton, Boone counties
Roundup: Fishers might soon be getting a taco joint, an Asian tea franchise and a fast-seafood eatery. Also, a relocated veterinary clinic has plans to build next to a new Mexican restaurant in Carmel and part of a former Big Lots in Boone County is slated to become a new gym.
Parks Place Pub to open in former Brixx pizzeria in downtown Fishers
Parks Place Pub—named after the city’s first bar, Parks Place Saloon—will be operated by three men who will be out to prove they can overcome their lack of restaurant experience.
Senators chide NCAA for not solving athlete-pay issue, as fast federal help looks unlikely
Warning of a looming threat to amateur sports, college athletics leaders urged Congress on Wednesday to take bipartisan action as states prepare to allow athletes to earn money from their names and personal brands.
Pences’ $1.93M house near Zionsville reflects former VP’s growing wealth potential
Former Vice President Mike Pence and his wife Karen have purchased a 7-bedroom, 7½-bathroom house near Zionsville for $1.93 million, a clear sign that national office and the spotlight it brings have financially elevated the couple after years of modest living.
Indiana Grown ready to reconnect at Monumental Marketplace
After the pandemic prevented Indiana Grown from putting on its annual Monumental Marketplace in 2020, the one-day event is set return to Monument Circle on June 18. More than 75 vendors are expected to attend the event.