Solar co-op seeks participants in Hamilton County
A Washington, D.C.-based not-for-profit group has launched a co-op for residents and businesses in Hamilton County who want to install solar panels at a group rate.
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U.S. stock indexes slide as China’s currency hits 11-year low
U.S. stocks nosedived in morning trading Monday as China’s currency fell sharply and stoked fears that the trade war between the world’s two largest economies would continue escalating.
Brazil considers dropping barriers to U.S. ethanol
A biofuel deal between the two nations would come as a relief for the U.S. ethanol industry, which has been beset by a supply glut and the weakest margins in more than 15 years.
Steak n Shake closures top 100 in 2019 amid slowing customer traffic
Steak n Shake classified 103 of this year’s closures as “temporary,” and said it plans to reopen the stores under its new franchise partnership program.
IBJ Podcast: Profitability for Blue Indy still ‘a few years away’
Based on a service that had tens of thousands of subscribers in Paris, the electric-car-sharing company predicted that by 2020 it would be profitable and have at least 15,000 members, 200 charging stations, and 500 electric cars on the road. Its latest results aren’t at all close.
Local charter school for troubled youth closes days before school starts
Marion Academy, which enrolled about 120 students in grades 6 to 12 last year, was created for students who have been in the juvenile justice system, were expelled or were at-risk of expulsion.
Indiana casinos looking for jump on Midwest sports betting
Indiana casinos are racing ahead with preparations to launch legalized sports betting in early September, looking to seize an advantage over competitors in Chicago and other nearby large markets where such wagers aren’t yet allowed.
Developers, investors race to capitalize on ‘opportunity zones’ tax break
The federal “opportunity zones” initiative, designed to spur investment in low-income communities nationwide, is still in its early stages—but it’s already grabbed the attention of local developers and investors. Created as part of the federal tax legislation known as the Tax Cuts and Jobs Act of 2017, the initiative offers substantial tax breaks to those […]
Jonathan Brooks’ Beholder restaurant has had a tough year
Business has been slow to build at Beholder, which isn’t yet consistently profitable and has had to cut staffing to the bone.
Lilly Endowment’s millions giving groups long-term footing
The Lilly Endowment awarded millions of dollars over the last three years to help several central Indiana human service agencies start endowments of their own.
Four years in, Blue Indy car-sharing service still stuck in the red
Blue Indy has yet to see a money-making year, and the company’s top Indianapolis official says he can’t predict when that will happen.
City to repurpose some public golf courses
Indy Parks is grappling with the future of its 13 courses based on declining revenue and interest, and millions of dollars in eventual facility upgrades.
Scannell planning to build $14.5M distribution facility for PepsiCo
The 200,000-square-foot southeast-side project would be constructed for PepsiCo subsidiary P-America LLC, which has multiple facilities around Indianapolis.
Another Carmel restaurant closes, citing U.S. 31 project for hurting business
At least four restaurants in the area have blamed their closings on the U.S. 31 project. Carmel says other nearby restaurants are doing just fine.
Governor selects surgeon George Rapp for state’s highest honor
Dr. George Rapp, an orthopedic surgeon and humanitarian, is this year’s recipient of the Sachem Award.
Hoosier ag biotech firms, farmers targeted by foreign spies
FBI special agent Craig Moringiello told IBJ “we have a tremendous infrastructure in place in this state for agricultural innovation, and that makes us a target.”
July U.S. jobs report shows solid gains amid trade frictions
U.S. employers slowed their hiring in July, but added a still-healthy number of jobs. Average hourly earnings increased 3.2% from a year ago, up from annual gains of 3% in June.
Sun King to open Broad Ripple taproom at former Thr3e Wise Men site
Indianapolis-based Sun King acquired the business assets of the former Thr3e Wise Men location on Broad Ripple Avenue in an auction Thursday.
Educators’ Village housing initiative on east side struggles to attract teachers
One year since its first houses went on the market, seven out of the 15 homes sold are now occupied by teachers, making the village a much more mixed community than the developers’ initial lofty goals.
Trump says he’ll put 10% tariffs on remaining China imports
President Donald Trump intensified pressure on China to reach a trade deal by saying he will impose 10% tariffs Sept. 1 on the remaining $300 billion in Chinese imports he hasn’t already taxed. The move immediately sent stock prices sinking.