Cyberattacks prompt higher insurance premiums, lower coverage limits
Due to a spike in the number and severity of ransomware attacks and other cybercrimes, insurers are tightening up their cyber insurance underwriting standards.
Susan Orr
Articles
Indianapolis-based ag tech company lands $20 million in funding
IntelinAir, which was formed in 2015, said this is its largest round of funding to date. The company moved its headquarters to Indianapolis from Illinois last month.
Greenlight Guru celebrates new, larger downtown offices
Fast-growing software company Greenlight Guru recently moved into new, bigger office space at the Union Campus on South Meridian Street. The company says it is committed to maintaining physical offices, even as its remote workforce grows.
Defense contractor ManTech International partners with Purdue on workforce development
Mantech International, a Virginia-based defense contractor with a burgeoning presence in Indiana, says a partnership with Purdue University’s online-learning division has helped the company grow its Indiana workforce.
Bankable launches new loan fund for Black-owned businesses
Based in Anderson, Bankable offers microloans to small and startup businesses around the state. This is the organization’s first fund specifically targeting Black-owned businesses.
Upcoming AT&T hackathon to offer $100,000 in prizes for 5G projects
This year’s hackathon, to take place Oct. 22-24 at Butler University, will focus on sports-related applications for 5G wireless technology.
Initiative aims to spur innovation by connecting, analyzing data bases
Fueled with a $36 million Lilly Endowment Inc. grant, the Central Indiana Corporate Partnership has launched AnalytiXIN to promote innovations in data science throughout Indiana.
Indianapolis-based myCOI lands $5M in debt financing to fuel growth
Established in 2009, myCOI uses proprietary software and human expertise to help clients assure that they and their business partners have the proper insurance coverage.
Indiana Repertory Theatre to require COVID-19 vaccinations or testing for patrons
The IRT, which had previously decided to make masks mandatory for all patrons this season, said it’s decided to strengthen its COVID-19 protocols in light of the increase in cases.
New restaurant in works at former Scotty’s site in Southport
The owner of several local Indian and Pakistani restaurants plans to open Royal Indian Restaurant and Banquet Hall at the site.
Technology, politics lead banks to rethink overdraft fees
The amount of money banks earn from overdraft fees has dropped significantly since 2019—and observers say that revenue might never rebound to pre-pandemic levels.
Indy area’s second X-Golf center opening this fall
The Carmel-based franchisee for the line of sprawling indoor golf and entertainment centers says he’s already looking ahead to additional stores, maybe one in downtown Indianapolis.
Former Colts player, Stacked Pickle owner Gary Brackett files for bankruptcy
Brackett, who played for the Indianapolis Colts from 2003 to 2011, got into the restaurant business after retiring from the NFL. He closed his Stacked Pickle sports-bar chain in May 2020 because of the pandemic.
Concert, event organizers tighten entry rules as COVID cases increase
Local arts organizations and event promoters are using strategies such as vaccination requirements, mask mandates and capacity restrictions to help preserve their ability to hold in-person events.
Indianapolis Symphony Orchestra to require COVID-19 vaccinations for concert audiences
The rule, which takes effect immediately, gives patrons the interim option of showing a recent negative COVID-19 test. But effective Nov. 1, all guests age 12 and older must be fully vaccinated in order to attend a performance.
Smokey Bones chain returning to Avon after 15-year hiatus, but with ghost-kitchen twist
When it reopens in Avon, the barbecue hotspot will serve its own customers while accommodating two virtual takeout-and-delivery-only concepts—The Wing Experience and The Burger Experience.
Big Car behind on Garfield Park revitalization, but confident it will finish
The centerpiece of the project—transforming a 40,000-square-foot former factory into an arts and cultural space—has not begun, but home renovations and greenspace development are underway.
Asian fusion restaurant Oishii to fill vacant Mass Ave spot
The restaurant’s co-owner, Kanlaya Browning, co-owns 10 Thai restaurants, nine of which are in the Indianapolis area. Oishii will offer a fusion cuisine of both sushi and ramen.
Fast-casual Pickleman’s sandwich chain to enter market with Noblesville store
This will be the first Indiana location for Pickleman’s, a Missouri-based chain with 24 locations. The local franchisees plan to open a total of four Indianapolis-area stores over the next four years.
Indianapolis-based Calumet to invest $2.7M in recently-acquired wax maker
Calumet, which acquired Muncie-based Paralogics LLC in March 2020, now says it plans to expand the facility and hire up to 20 more employees there by 2025.