U.S. home sales slumped to slowest pace in more than 13 years in October
Surging mortgage rates and rising prices are keeping many prospective homebuyers on the sidelines.
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City committee delays decision on bond plan for buying Broad Ripple Family Center
The move follows pushback by several neighborhood groups on the north side who expressed concern about the city’s plan, which could rely heavily on the Midtown tax-increment financing district to repay bonds issued for the acquisition.
Less ‘aggressive’ legislative session coming, Statehouse leaders say
Leaders in the Republican-dominated Indiana Legislature say they’re not planning on taking on gambling expansions, water fights or costly initiatives during the shorter non-budget session, which begins in January and must end by mid-March.
Committee advances proposal for Mile Square district imposing fees on property owners
The City-County Council Metropolitan and Economic Development Committee heard testimony from over a dozen downtown residents and representatives of prominent companies before passing the proposal, 8-3.
Carmel City Council mulling 20 mph roundabout speed limit
City Council President Jeff Worrell said Monday that a ride with Carmel traffic officers last week convinced him it would be possible to enforce a roundabout speed limit.
Indiana Chamber’s lobbying priorities include driving cards, tax cuts, child care
Members of the Indiana Chamber of Commerce laid out their agenda for the 2024 General Assembly during the business group’s annual legislative preview luncheon on Monday.
Baxter sells Bloomington plant with 1,000 workers to private investors
The Bloomington plant, with about 1,000 employees, is the fifth-largest employer in Monroe County, according to the Greater Bloomington Chamber of Commerce, and is poised for more growth.
U.S. launches $3B effort to boost advanced chip packaging
The Commerce Department says the U.S. has just 3% of the world’s packaging capacity—compared with an estimated 38% in China—which Washington worries has left the country vulnerable.
Senate committees for elections, commerce get new chairpeople
Sen. Mike Gaskill, R-Pendleton, will helm the senate committee on elections, while Sen. Brian Buchanan, R-Lebanon, will lead the senate committee on commerce and technology.
Democrat Destiny Wells to run for Indiana attorney general
Wells, who was seen as the Indiana Democratic Party’s best chance at taking statewide office in 2022 as a candidate for secretary of state, now plans to run for attorney general in 2024.
HercuLean Prepared Meals to open South Perry shop
Frozen entree company HearcuLean Prepared Meals intends to move into a storefront at 8215 U.S. 31 South during the first quarter of 2024.
In defiance of IEDC, Tippecanoe County passes ban on large water withdrawals
The move comes as the Indiana Economic Development Corp. faces pushback for its exploration of a plan to pump massive sums of water from Wabash River aquifers for a high-tech manufacturing district in Boone County.
Deloitte names new leader for Indianapolis office
Steve Pratt will lead an office of about 500 people. He will succeed Deloitte Tax LLP Partner Mary Boelke, who has led Deloitte’s Indianapolis office for more than 11 years.
Prominent NBA players questioning safety of tournament courts
Players including the Indiana Pacers’ Tyrese Haliburton have expressed concern over the slipperiness of the painted courts. Celtics star Jaylen Brown suffered a groin injury in the closing seconds of the team’s game on Friday.
Microsoft hires Sam Altman and OpenAI’s new CEO vows to investigate his firing
The developments Monday come after a weekend of drama and speculation about how the power dynamics would shake out at OpenAI.
IPS sale of Francis Bellamy School 102 paused amid legal battle with Todd Rokita
On Friday, Marion County Judge Heather Welch granted an emergency motion requested by Attorney General Todd Rokita to stay her ruling earlier in the week and stop the sale while Rokita appeals the decision.
Noblesville mayor pushes state to invest in local mental health programs
Noblesville Mayor Chris Jensen is calling on the Indiana General Assembly to establish the Indiana Community Cares Initiative, a grant program to shore up local paramedicine programs that proactively address issues in their communities.
IBJ Podcast: Pete the Planner on the 5 things everyone should know about their financial life
Pete Dunn and podcast host Mason King also discuss how to deal with the unwelcome revelation that you and your family are spending more money than you’re making.
From airlines to ticket sellers, companies fight U.S. to keep junk fees
Corporations have fought vigorously to thwart even the most basic rules that would require them to be more transparent about hidden charges, according to a Washington Post review of federal lobbying records and hundreds of filings submitted to government agencies.
Why do Americans feel gloomy about the economy despite falling inflation, low unemployment?
Many factors lie behind the disconnect, but economists increasingly point to one in particular: The lingering financial and psychological effects of the worst bout of inflation in four decades.