Techstars incubator selects 13 companies for sports accelerator
Indiana is hoping to use Techstars, as well as the recently launched SportsTech HQ organization, as a springboard to attract more sports-focused businesses to the state.
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IBJ Podcast: Why does downtown need a $90M sports arena, in addition to its NBA and NFL venues?
IBJ reporter Mickey Shuey explains the rationale behind a proposed 5,000-seat arena at what will be Indiana University-Indianapolis and what needs to happen before construction can start.
Boone County Council VP dead at 65 after being found in pool
Boone County Council Vice President Marcia Wilhoite was first elected to the council in 2005.
Apple expected to unveil sleek, pricey headset
A pair of goggles—perhaps called “Reality Pro,” according to media leaks—could become another milestone in Apple’s history of releasing game-changing technology.
Saudi Arabia slashing oil supply, could drive up gas prices
The Saudi cut of 1 million barrels per day, to start in July, comes as the other OPEC+ producers agreed to extend earlier production cuts through next year.
Construction industry educates K-12 students about building trades in effort to close job gap
In more than a dozen school districts across Indiana, construction clubs have formed to interest elementary and middle school students in building-trade careers.
New tenants bring new energy to historic Stutz complex
Known as the Stutz Business and Art Center from the 1990s until real estate developer Turner Woodard sold his majority stake in 2021, the complex is entering a new era by offering dining, shopping and personal fitness.
State slots $89M for 5,000-seat arena at IU Indy
Amid the ongoing restructuring of IUPUI—both its leadership and its future as a campus solely within the Indiana University system—state and local officials are in the early stages of a project that could have big implications for downtown: an on-campus arena.
Rising interest rates pinch small-business borrowers
The average prime rate, or the rate banks set as a reference for customer loans, was 4%. The prime rate has more than doubled since then, hitting 8.25% in May.
Hamilton County hopes fairgrounds expansion leads to more programming
A $65 million, three-phase expansion project begins this summer that will modernize the 40-acre site in Noblesville and enable it to host a wider variety of programming throughout the year.
CNO Financial Group moving from longtime HQ in Carmel
The company formerly known as Conseco plans to relocate in Carmel after leaving the corporate campus it has called home for nearly 35 years.
Justice Department says it won’t charge Pence over classified documents
No evidence ever emerged suggesting that Pence intentionally hid any documents from the government or even knew they were in his suburban Indianapolis home.
Employers added 339,000 jobs in May, strong growth that defied headwinds
The May jobs report reveals the 29th straight month of strong job growth that has come to define the pandemic recovery economy.
Fishers-based AfterSchool HQ lands $3M seed investment
Fishers-based education-tech firm AfterSchool HQ recently landed $3 million in outside investment, bringing the company’s fundraising total to $4.3 million since its launch in late 2017.
Democrat-controlled council poised to OK Pan Am Plaza hotel financing
Through interviews with councilors, IBJ found Democrats have the majority needed for the City-County Council to pass a Hogsett administration plan for Indianapolis to publicly finance and own a new downtown convention center hotel.
City-County Council to vote on no-turn-on-red proposal despite state law
The council plans to vote Monday to place no-turn-on-red restrictions at downtown intersections before the effective date of a state law banning the city from doing so. The local proposal includes an amendment designed to further insulate the city from state legislation.
Senate passes debt ceiling bill, sending it to Biden to sign into law
Indiana’s senators, both Republicans, disagreed on the legislation, with one voting against it and the other voting for it.
Holcomb to make 15th international business-development trip
Indiana Gov. Eric Holcomb and Indiana Secretary of Commerce Brad Chambers plan make their third economic development trip to Europe in just over a year, his office announced Thursday.
Don’t store money in Venmo, Cash App or PayPal, regulator says
A federal consumer watchdog on Thursday warned consumers that money kept in payment apps is not automatically insured by the government and could be completely lost if the companies fail.
Senate rejects Biden’s student loan forgiveness program
While President Biden has promised to veto the bill, the vote in the Senate, in which two Democrats and an independent sided with Republicans, shows the divisiveness of the student loan policy and the difficulty of getting any future plan through Congress.