Entrepreneurial duo launches business to sell cornhole scoreboard
Paul Dytmire and Andy Klotz are learning it requires patience and money to develop and sell a product that helps cornhole players answer an often-heard question: “What’s the score?”
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Business execs, health care groups, religious leaders petition lawmakers on abortion legislation
The petitions warn of the potential harm that more restrictive abortion laws could do to the state’s business climate, obstetric patients or religious freedoms.
FedEx reduces U.S. Sunday deliveries as e-commerce cools
FedEx accelerated the rollout of Sunday service in 2020 to handle an historic increase of residential deliveries after COVID-19 spurred lockdowns to stem the spread of the virus.
Indianapolis-based Scale Computing lands $55M investment
Scale Computing CEO Jeff Ready said the $55 million investment will help the fast-growing company move closer to its goal of an initial public offering.
Tempo by Hilton hotel planned at Clay Terrace in Carmel
The five-story hotel would be the first Tempo by Hilton in Indiana It would be located behind Kona Grill and open in spring 2024.
Indiana unemployment rate inches up in June
Meanwhile, the state’s labor force participation improved from 62.6% in April and 62.9% in May to 63.1% in June, which was slightly higher than the 62.2% national rate.
FEMA report: Flood insurance hikes will drive 1M from market
The Federal Emergency Management Agency has updated its flood insurance program to more accurately reflect risk, but also make the program more solvent.
Statehouse girds for abortion-related rallies as GOP lawmakers prepare to enact new restrictions
Lawmakers are expected to be greeted by thousands of anti-abortion and abortion-rights activists as they rally at the Statehouse this week to make their feelings known about new abortion restrictions proposed by Senate Republicans.
Indiana’s tech firms saw strong venture investment activity in 2Q
Indiana-based tech firms attracted a combined $166 million in investments last quarter, according to a report released this week by Indianapolis-based TechPoint. The quarterly total was up sharply from the first quarter, despite the nationwide tech slowdown.
Inside INdiana Business TV show to move to CBS4 as part of larger news partnership
As part of the partnership between IBJ Media and Nexstar, Inside INdiana Business and IBJ will also produce short business segments that will be aired three days per week on Fox59.
Hobie Billingsley, celebrated IU diving coach, dies at 95
Hobie Billingsley built the Indiana University diving team into a powerhouse, molded a legion of Olympic divers and trained a generation of instructors. Sports Illustrated once declared Billingsley “far and away the best collegiate coach in the country.”
Area homebuilders see 6th straight month of falling construction permits
Applications for newly built houses are continuing to trail last year’s pace in central Indiana, but homebuilders remain busy, according to the Builders Association of Greater Indianapolis.
As Pence considers 2024 run, he seeks distance from Trump
Advisers and allies say they think former Vice President Mike Pence is likely to run for president, and insist he will not base his decision on whether Trump chooses to run again.
Microsoft, Google among latest tech giants to hit brakes on hiring
With recession fears mounting, many big tech companies are rethinking their staffing needs. Here’s a look at some of the dozens of companies that are tapping the brakes.
Facebook forsakes friends and family to compete with TikTok
Facebook announced Thursday that it’s overhauling the design of its flagship social network by elevating content from creators over posts from friends and family in an effort to fend off intensifying competition for users’ attention.
Indiana Sports Corp. promotes COO Talty to president
Patrick Talty replaces Ryan Vaughn, who stepped down after leading the organization since 2014.
Annual count of people experiencing homelessness in Indy finds 9% drop
The city of Indianapolis, Indiana University Center for Research on Inclusion and Social Policy, and the Coalition for Homelessness Intervention and Prevention, or CHIP, partner annually to measure the data.
Carmel-based enVista to sell portion of its business to German tech company
EnVista, which has 850 global employees and expects $185 million in revenue this year, is selling the commerce and transportation parts of its business to Germany-based Körber. Once the deal closes, 400 enVista employees, including its cofounder, will join Körber.
Biden tests positive for COVID, has mild symptoms, White House says
President Joe Biden, 79, has begun taking Pfizer’s Paxlovid treatment for the disease, Press Secretary Karine Jean-Pierre said, and will isolate at the White House while continuing his duties.
Ford touts ample battery supply deals to hit electric vehicle goals
Ford would not comment on a report that it could lay off as many as 8,000 employees to cut expenses to finance its ambitious EV goals. It called the report by Bloomberg News speculation.