Ascend Indiana names new CEO
Brad Rhorer, currently chief operating officer and chief talent officer for Conexus Indiana, will become the next president and CEO of Ascend Indiana, a talent and workforce development initiative.
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Early learning committee recommends new child care standards
The new set of standards would evaluate child care centers around the state and be rolled out over three years starting in 2024.
FTC unveils sweeping plan to boost children’s privacy online
Under the proposal, digital platforms would be required to turn off targeted ads to children under 13 by default and prohibited from using certain data to send kids push notifications.
Hogsett says mall redevelopment among downtown’s most significant wins
The mall redevelopment is not the largest downtown project in terms of cost. But it will elevate a vast and critical piece of real estate as more than $9 billion in other downtown projects are slated to come to completion over the next decade.
Supreme Court to hear challenge to EPA rule limiting downwind power plant pollution in 10 states
The rule is being challenged by three energy-producing states—Ohio, Indiana and West Virginia—as well as industry groups and individual businesses.
Carmakers fight massive air bag recall that could cost $10B
Companies like General Motors Co. and Ford Motor Co. said in letters to the National Highway Traffic Safety Administration released Wednesday that there’s no proof that the parts made by ARC Automotive Inc. are defective.
Cafe, gathering space planned for historic Danish church in Fletcher Place
The founders of Lille Bonne envision it as a coffee shop, as well as a venue for yoga classes, art classes, live music, speaking events and private meetings.
Chicago-based semiconductor firm planning $152M investment, 250 jobs in Bloomington
The company intends to turn a mostly vacant property owned by Cook Medical into a microelectronics manufacturing and packaging facility.
Indiana underestimated Medicaid cost by nearly $1 billion, report says
The flawed forecast was based on data that did not reflect the latest needs of enrollees, state agencies said.
U.S. consumers more confident as holiday shopping season peaks
Americans’ expectations of a recession in the next 12 months have declined to the lowest level so far this year.
IEDC boosting funding to support entrepreneurism, innovation
Among the updates are a boost in annual funding for venture development in partnership with venture firm Elevate Ventures and the creation of a $3 million pre-seed fund.
State lawmakers admonish gambling regulation agency, which defends processes
Key Republican lawmakers on Tuesday scolded the Indiana Gaming Commission over how it levies fines and more—and threatened to take legislative action if changes aren’t made.
Carmel firm raises $116M to advance anti-inflammatory drugs into human testing
The investment in Sudo Biosciences, a three-year-old Carmel biotech, is one of the largest in recent years for an Indiana-based science startup, a signal that investors are attracted by its work on a class of drugs to treat autoimmune and inflammatory diseases.
Hendricks strikes deal to acquire Circle Centre, plans $600M redevelopment
The Wisconsin-based firm behind Mass Ave’s Bottleworks District plans to spend the next decade transforming the downtown mall into an open air, pedestrian-focused campus with housing, offices and shopping.
Alcoholics Anonymous to host 2035 convention in Indianapolis with 60,000 attendees
Alcoholics Anonymous holds its event every five years. Local tourism leaders pitched the sobriety group on Indianapolis in late 2022, with representatives visiting this August.
102 million people eligible for Google’s $630M lawsuit settlement
At least 70 percent of eligible consumers, or 71.4 million people, are expected to receive automatic payments without having to file a claim.
IRS to waive $1B in penalties for people, firms owing back taxes for 2020 or 2021
Nearly 5 million people, businesses and tax-exempt organizations—most making under $400,000 per year—will be eligible for the relief starting this week.
State Budget Committee OKs nearly $300M in IEDC incentives, LEAP enhancements
The State Budget Committee, which consists of four lawmakers and the state budget director, voted unanimously to authorize the spending, though Democrats on the committee expressed deep reservations about the IEDC’s requests.
Westfield strikes 40-year, $300M deal for partnership to manage Grand Park Sports Campus
Under the partnership that includes Keystone Group and Indy Eleven, future plans for Grand Park include a mix of restaurants, hotels, public spaces, a mixed-use complex with residential, office and retail spaces, and a state-of-the-art sports facility.
State, Lafayette officials say no action on pipeline without completed study, legislative review
The Indiana Economic Development Corp. has faced pushback for proposing a pipeline that would transport as much as 100 million gallons of water per day from Wabash River aquifers to a massive business development in Lebanon.