Incoming NCAA president has embraced role of problem-solver
Charlie Baker, the next leader of the largest college sports governing body in the country, is stepping into a hornet’s nest of a job that will likely tap every political skill in his bag.
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New $100,000 fund to support Indiana musicians
Inspired by a government initiative in Canada, the Indianapolis fund will help cover recording, equipment, touring and promotional expenses.
Holcomb gearing up to propose ‘READI 2.0’
In the current iteration of the statewide program, 230 projects have been accepted with a total funding request of $350 million, which in turn has leveraged more than $6 billion in funding from other sources.
Retail sales drop at start of key holiday shopping season
Americans cut back on retail spending last month as the holiday shopping season began, with high prices and rising interest rates forcing families to make harder decisions about what they buy.
State predicts mild recession, stagnant economy in 2023
The lackluster economic forecast comes as Indiana lawmakers prepare to return to the Indiana Statehouse on Jan. 9 to craft a two-year budget and consider funding increases to education, public health and workforce development programs.
Large Indiana cities and employers ask Duke, AES for more clean-energy options
A trade group that promotes clean energy, Indianapolis, Bloomington, Walmart, Salesforce and Cummins were among those issuing a letter urging the utilities to offer more options to large energy customers to receive their electricity from renewable energy.
Massachusetts Gov. Charlie Baker to be next NCAA president
Current president Mark Emmert announced he would step down earlier this year after 12 years of leading the NCAA through a tumultuous time.
INDOT releases potential options for I-65 interchange to serve LEAP district
The Indiana Department of Transportation released a study that includes five possible locations for the interchange northwest of Lebanon near the planned site of the LEAP Lebanon Innovation and Research District.
Hillenbrand agrees to sell storied Batesville Casket Co. for $761M
The company announced the deal Thursday morning, a move that would result in the selling off of the business and brand that served as the roots for the larger Hillenbrand company in Batesville starting in 1884 and would grow to become the nation’s largest casket maker.
Major Indianapolis trade show ousts leader just days after event
One of Indianapolis’ largest trade shows abruptly fired its top executive this week without explanation, just days after welcoming 50,000 attendees to its show at the Indiana Convention Center.
Indiana DOE seeks to double funding for English learners
Indiana’s English learner population has increased by 52% over the last five years.
Indiana auto crashes cost 900 lives, $8B annually, report says
To reduce crashes and fatalities, the group says Indiana should adopt a list of new laws, ranging from a motorcycle helmet mandate to a requirement that learners complete more drive time before qualifying for a license.
Trump Org. was secretly held in contempt for hindering probe
The Trump Organization was found to have been “willfully disobeying” four grand jury subpoenas and three court orders by repeatedly failing to turn over evidence in a timely fashion.
City seeks developer input on former Oaktree Apartments site
The city is seeking input from developers on how to revitalize the former site of a long-troubled apartment complex on the far-east side of Indianapolis, officials announced Wednesday.
Great SPAC crash of 2022 deepens as investors cash out in droves
At least 80 special-purpose acquisition companies, which have raised $24 billion in total, face a wall of investor meetings that will give clients the chance to exit ahead of a new U.S. tax that could hurt their returns.
Fed raises key rate by half-point, signals more hikes to come
Consistent with a sharp slowdown, Fed officials projected that the economy will barely grow next year, expanding just 0.5%, less than half the forecast it had made in September.
Abdul-Hakim Shabazz officially exploring mayoral run
The outspoken political commentator and editor of IndyPolitics.org, plans to create an exploratory committee as he considers a potential run for Indianapolis mayor as a Republican.
Dirty Dough gourmet cookie company plans 3 Indianapolis-area stores
Upstart Dirty Dough, already entangled with Crumbl Cookies in ‘Utah cookie wars,’ will compete in Indiana.
State touts record $22B in economic development commitments
Indiana Gov. Eric Holcomb said 218 companies committed this year to locate or expand in Indiana this year, with plans to add a total of 24,059 Hoosier jobs.
CIB set to spend $3.7M on carpet replacement for Indiana Convention Center
The CIB expects installation to begin in June and to be finished by the end of the year. The carpet should last at least seven to nine years, though the current carpet has lasted for 11 years and convention center officials believe they can match that with proper maintenance.