2022 Innovation Issue: Indiana riding a wave of solar. Can it keep up the pace?
In all, at least 15 Indiana solar farms of 1,000 acres or more are slated to go online by 2024, with several more in various stages of development.
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2022 Innovation Issue: Indiana auto industry begins pivot to growing EV production
The state’s five automotive assembly plants, and the suppliers who serve them, produce 1.3 million cars and trucks per year, employing just more than 110,000 workers. But the vast majority of that work focuses on gas-powered vehicles.
Pato O’Ward signs extension with McLaren through 2025
The deal includes a pay raise, a McLaren for O’Ward’s personal use and potential opportunities for the 23-year-old with McLaren’s Formula One team.
IPS plans large-scale solar project with Carmel-based firm
The district says the project initially would place solar panel arrays on 20 schools and eventually save tens of millions of dollars in energy costs.
Indy 500 drivers find crypto craze fuels needed sponsorship
IndyCar drivers are among the growing number of athletes getting deep in the crypto game. The shift to cryptocurrency sponsorship might still be a curious concept to the almost 300,000 fans at Sunday’s Indianapolis 500. But new forms of digital money help pay the bills and salaries for teams and athletes.
Latest White House plan would forgive $10,000 in student debt per borrower
The likely decision follows months of uncertainty over the fate of student debt for tens of millions of Americans, with Biden at times sounding skeptical of canceling loans but under pressure from his collapsing approval ratings among young voters ahead of November’s elections.
U.S. wage increases show signs of peaking in welcome sign for Federal Reserve
After handing out hefty salary increases over the past year, companies are now becoming more cautious with their cash over concern further big payouts will eat into profits, according to staffing companies, business owners and recent surveys.
Can economic summit bring rave reviews for Indiana’s business climate?
With electronic dance music pulsing against a neon-on-black backdrop, a “Young Professionals Coffee Rave” on Thursday kicked off Indiana’s inaugural Global Economic Summit for hundreds of visitors from across the United States and 30 other nations.
IndyCar to use 100% renewable fuel beginning in 2023
Shell, which recently signed a five-year extension to be the fuel sponsor for the open-wheel series, announced plans Friday to switch to a low-carbon fuel in 2023.
Key inflation gauge slowed to still-high 6.3% over past year
High inflation appears to be forcing consumers, on average, to save less. The savings rate fell to 4.4% last month, the lowest level since 2008.
2022 Innovation Issue: AI is a powerful tool—but it carries risks
Last month, Faegre Drinker announced that Indianapolis-based partner Scott Kosnoff would co-lead an interdisciplinary artificial intelligence and algorithmic decision-making team that the firm calls AI-X. IBJ talked to Kosnoff about the team.
More Memorial Day travel expected despite high gas prices
To drive, or not to drive? This Memorial Day weekend, with surging gas prices that are redefining pain at the pump, that is the question for many Americans as a new COVID-19 surge also spreads across the country.
IndyCar, teams look at solutions for labor shortage in pits
The American labor shortage that has hit restaurants, factories and other industries also is becoming a concern in Gasoline Alley, where crew members and engineers are in short supply.
No charges for former FBI agents in botched Larry Nassar probe
The U.S. Justice Department said Thursday it will not pursue criminal charges against former FBI agents who failed to quickly open an investigation of sports doctor Larry Nassar despite learning in 2015 that he was accused of sexually assaulting female gymnasts.
McLaren to spend $25M to build IndyCar facility in Whitestown
Company officials said the project will allow Arrow McLaren SP—its IndyCar operation—to run three full-time entries in the IndyCar series in 2023
USA Gymnastics picks 2008 silver medalists for top posts
Indianapolis-based USA Gymnastics is turning to two of its most-decorated athletes to help guide its women’s elite program.
Shell-Pennzoil inks 5-year extension across Penske portfolio
Roger Penske signed the extension with Shell-Pennzoil on Thursday that covers Team Penske, IndyCar, Indianapolis Motor Speedway and most of Penske’s portfolio.
Gleaners taps former IU athletic director Glass as its new CEO
Fred Glass, who worked as IU’s athletic director from 2009 to 2020 after a long career in law and politics, will become chief executive of Gleaners Food Bank of Indiana on Sept. 30.
U.S. making COVID antiviral drug more available at test sites
Despite a nationwide surge in COVID-19 cases, deaths from the virus have remained largely stable over the past eight weeks.
Pay for CEOs at big public companies rose 17% in 2021 as profits soared
Last year’s leap for median pay of S&P 500 CEOs was the biggest since a 23.9% surge for 2010 compensation packages, according to the data analyzed by Equilar.