Record-breaking cash register receipts for restaurants that were able to weather the pandemic represent one statistic of a “trifecta” of big numbers affecting the industry.
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Like most everyone, the organization last year made budget cuts to cope with the pandemic. But its expenses also dropped dramatically because it canceled the 500 Festival Parade and shifted to a virtual platform for other events.
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Fueled by climate change and a significant increase in severe weather, home insurance premiums are on the rise nearly everywhere.
Cities and their fire departments are feeling the strain as post-pandemic wait times and costs for new fire trucks have shot up—due in part to industry consolidation.
Indiana Fever games have become arguably the hottest tickets in town, and experts say demand will likely continue to increase with the offseason team rebuild.
In the nationwide run-up of egg prices—due largely to an outbreak of highly pathogenic avian influenza, or bird flu—one group of businesses is hit particularly hard: brunch restaurants.
Farmers and agricultural experts say the continued effects of the pandemic, government policy decisions and far-reaching impacts of Russia’s invasion of Ukraine are also contributing factors.
But Executive Director Andy Mallon says he’s “very confident” the board will recover from not only the pandemic but also necessary spending cuts and financial hits over the next 18 months.
Officials are estimating the corridor improvements will run $47 million over the project’s original $124 million budget.
The software as a service—or SaaS—market is going gangbusters.
