Indiana lawmakers discuss doubling cigarette tax rate
House Bill 1485, authored by Republican Rep. Julie Olthoff of Hebron, would increase the cigarette tax by $1 per pack and tax e-cigarettes and e-liquids.
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IBJ Podcast: Turner Woodard talks saving the Stutz—and then selling the majority share
Woodard talked to host Mason King about his adventure restoring the Stutz Business and Arts Center, about his decision to sell a majority share in the complex and what the new owners have in store for the buildings.
Slammed by pandemic losses, NCAA revenue shrinks by $600 million
The Indianapolis-based National Collegiate Athletic Association saw revenue fall by more than 50% in its latest fiscal year because of the COVID-19 pandemic, but was able to minimize the damage thanks to its financial contingency plan, the organization said.
Local firm’s new initiative matches remote workers with relocation incentives
Entrepreneurs Bill Oesterle and Evan Hock last month launched MakeMyMove, a subsidiary of TMap.
Fishers startup gamifies trading, targets historically Black colleges
Social media startup Stockteamup has partnered with the philanthropic arm of a hip-hop-inspired snack company to teach financial investing to Black communities.
Anthem paying $594M to settle antitrust litigation, but deal terms might fuel growth
Paying a half-billion-dollar settlement might seem painful, but health care observers say resulting changes to Blue Cross Blue Shield rules are so favorable to Anthem’s growth prospects that the deal is a huge win.
Downtown properties scramble to ramp up for NCAA influx
Five of the city’s most prominent hotels, accounting for more than 2,800 rooms, will house the 68 teams in the three-week NCAA Division I Men’s Basketball Tournament that tips off March 18.
Lilly quarterly profit surges, helped by new COVID-19 treatment
The antibody treatment bamlanivimab was Lilly’s second-highest selling product in the final quarter of 2020, trailing only the popular diabetes drug Trulicity.
Turner Woodard sells majority stake in historic Stutz property
The new majority owner says it plans to retain the Stutz property’s historic character but isn’t yet revealing details about its plans for the 110-year-old downtown complex.
Senate committee advances bill to give Indy Eleven more time on stadium project
Senate Bill 385, authored by Republican Sen. Jack Sandlin of Indianapolis, would add two years to a 2019 bill that had called for a new special tax district—known as a professional sports development area—to be established in Marion County by mid-2022.
Sugar Factory to open at Circle Centre in former Palomino space
A New York City-based restaurant and candy store chain known for its extravagant desserts, colorful decor and celebrity following is planning to open a location in downtown Indianapolis later this year.
State lawmakers add $70M to bill to upgrade police training academy
The Indiana House Ways and Means Committee on Wednesday amended House Bill 1006 to add the funding to the legislation before unanimously voting to send it to the full House for consideration.
Developer buys former HHGregg headquarters campus for $14M
The sprawling site includes more than 400,000 square feet of office, industrial and showroom space that was vacated after the consumer electronics retailer ceased operations in 2017.
Anthem underwhelms Wall Street with 2021 forecast, stock tumbles
Anthem said its forecast for this year includes a hit of between 50 cents and 70 cents per share due partly to the Consolidated Appropriations Act, which passed late last year and includes a one-year hike in Medicare doctor rates.
Eli Lilly, Glaxo join forces to test COVID-19 antibody cocktail
GlaxoSmithKline and partner Vir Biotechnology Inc. have teamed up with Indianapolis-based Eli Lilly and Co. to test a combination of their COVID-19 antibody treatments to see whether they can better combat the virus and its variants together.
MacKenzie Scott donation to United Way of Central Indiana breaks organization record
The United Way of Central Indiana announced Wednesday that a donation of a previously undisclosed amount from philanthropist and author MacKenzie Scott is the largest gift from a single donor the organization has ever received.
IPS weighs eliminating school bus service for thousands of students
If the Indianapolis Public Schools board approves the most drastic cuts, about 5,600 high school students and 4,000 elementary school students could lose district-provided transportation.
Elanco cuts 50 jobs at Greenfield HQ as part of latest restructuring
The maker of animal feeds and vaccines also is closing research and development sites in Germany and New Zealand, and making smaller cuts elsewhere. Altogether, Elanco is chopping 350 jobs in 23 countries.
Former Colt McAfee plans to move media studio, foundation to vacant Lawrence church
The punter-turned-multimedia-star initially ran into skeptics in the neighborhood, fearful that his plans for a sports field and basketball courts would create a nuisance or attract crime.
Eatery specializing in cereal, breakfast treats coming to Greenwood
Day & Night Cereal Bar, which opens next month at Greenwood Park Mall, is a franchised location for the Los Angeles-based concept, which launched last summer as a mobile food truck.