Shoppers expected to spend record $241B online this holiday season
Both Coresight and Moody’s project total retail sales, in person and online, will grow around 3 percent during the last three months of the year, roughly on par with last year.
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Indianapolis aviation companies plan significant expansions
Dabico A-Bridge LLC and its parent company, Dabico Airport Solutions LLC, plan to expand their Indianapolis facilities and add another 151 jobs by the end of next year.
Report: State loses out on $4.2B annually due to child care shortage
Broadly speaking, the $4.22 billion in untapped economic potential falls into two categories: workplace disruptions—such as worker absenteeism and employee turnover—and lost tax dollars from unearned wages.
Applications for new homes rise for 14th straight month in central Indiana
Led by big surges in applications in Hancock and Johnson counties, demand for new homes in the Indianapolis area continued to grow in August.
Congress moving swiftly to fund government, avert shutdown
Congress is expected Wednesday to approve a temporary spending bill that would keep federal agencies funded when the new fiscal year begins next Tuesday.
Vouchers nearly universal at half of Indiana private schools that take them, data shows
Last year, in 178 of the 349 private schools in the state that accept vouchers, more than 90% of students enrolled used a voucher to pay for tuition.
Weight-loss drugs are supposed to be forever … until they run out
Recurrent shortages, shifting insurance coverage, indecision and a lack of guidance about side effects and dosing have led to challenges for some patients prescribed Mounjaro, Ozempic, Zepbound or Wegovy.
Congress grills CrowdStrike about multibillion-dollar July tech outage
The July technology failure shut down 911 call centers, handicapped hospitals and stranded airplane passengers around the world.
Department of Justice sues Visa, alleges card issuer monopolizes debit card markets
According to the DOJ’s complaint, 60% of debit transactions in the United States run on Visa’s debit network, allowing it to charge over $7 billion in fees each year for processing those transactions.
Julie Goodman to exit CEO position at Indy Arts Council
Julie Goodman eventually will take a new role as chief advancement officer with entertainment venue the Cabaret.
House OKs permit exemption for semiconductor projects, sending bill to Biden
The U.S. House approved legislation on Monday that would address concerns that environmental reviews and lawsuits will delay construction of domestic chip factories.
IPS seeking new suitors for John Marshall High School after city withdraws
The Department of Metropolitan Development quietly withdrew its offer to buy the building over the summer after determining needed improvements would make make the project a larger—and more expensive—challenge than anticipated.
American consumers feeling less confident as concerns about jobs take center stage
The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 98.7 in September, from 105.6 in August. It was the biggest month-to-month decline since August of 2021.
California-based med tech company to relocate to Westfield
PhysioLogic Devices Inc. will change its name to Portal Diabetes Inc. following the company’s move. It plans to employ up to 35 full-time employees by 2028 with an average salary of $135,265 each.
Indiana’s highest elected officials are set to get big pay bumps
Gov. Eric Holcomb’s successor will become one of the highest-paid governors in the nation while other offices will see raises between 44% and 66%.
Madison Avenue to undergo three-phase, $47M ‘road diet’
Plans call for the removal of two vehicular lanes and the addition of new pedestrian and cyclist space.
Developer planning 186-home community next to golf course in Westfield
Carmel-based Old Town Cos. is looking to build the residential development in Westfield adjacent to Wood Wind Golf Club, which the city plans to purchase and turn into a municipal golf course.
Council OKs revised elected-official pay, ethics disclosure ordinances
The Indianapolis City-County Council on Monday evening voted to approve two tweaked proposals: one that increases long-stagnant countywide elected official pay and the other requiring councilors to fill out more in-depth, publicly available disclosure forms.
Law firm Taft growing again by merging with Denver’s Sherman & Howard
The merger will add 125 lawyers to Taft’s list of attorneys, which will grow to more 1,000 in 10 states.
Lilly seeks court ruling that could mean big money for new weight-loss drug
The Indianapolis-based drugmaker filed a suit in federal court this month, challenging the U.S. Food and Drug Administration’s ruling that the company’s experimental obesity treatment not a biological product.