Carmel-based tech firm Lumavate scores $6M investment
This is the sixth round of funding Lumavate has announced since its founding in 2015. The company offers a no-code platform that clients can use to create smartphone apps.
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IBJ Podcast: Columnist Mickey Kim on surviving a volatile stock market
“When things get rocky, we want to protect ourselves,” Kim tells host Mason King. “We are thinking: Don’t just sit there, do something. And I will tell you: Doing something is the wrong thing to do.”
Rents are up 14% nationwide, forcing millions to find another place to live
In Indianapolis, rents increased 9% last year, to $1,280 per month. But in some cities, rent jumped by more than 40%.
Dispute troubles Greenfield museum honoring Indiana poet James Whitcomb Riley
Greenfield city officials argue that a local not-for-profit group can’t provide proof of ownership for much of the collection of writings, furniture, paintings and other items stored at the James Whitcomb Riley Boyhood Home and Museum.
Lack of detailed NIL rules challenges NCAA enforcement
NCAA Vice President of Enforcement Jon Duncan told the Associated Press that letters of inquiry have gone out to multiple schools over the last few months, seeking details about name-image-likeness deals.
Parents can be silenced in special education settlements. A proposed bill would change that.
Advocates of the measure say non-disclosure agreements harm families of students with disabilities, while opponents say NDAs are a useful litigation strategy, and their elimination could result in more due-process requests.
Indiana COVID-19 hospitalizations fall below 3,000
The Indiana State Department of Health reported 108 additional deaths from COVID-19 on Friday, the fourth daily report in a row with more than 100 deaths.
Unusual retail enterprises set up shop in Indianapolis
Stores based on the concepts of selfie culture, miniature skateboards and intravenous nutrient therapy have either opened recently or are on the way.
Lawmakers consider offering remote workers $15K to move here
One piece of an extensive piece of legislation to restructure the incentive toolkit of the Indiana Economic Development Corp. would create a statewide remote-worker grant program.
State commerce chief wants to draw more high-paying jobs
IBJ asked Secretary of Commerce Brad Chambers to explain how the Indiana Economic Development Corp. will implement his themes of Environment, Economy of the Future, Entrepreneurship, Energy and External Engagement.
City seeks new uses for old jail buildings downtown
Indianapolis hopes to spur development with a request for development proposals for historic buildings at 752 E. Market St. and 730 E. Washington St.
Lilly to invest $1B in new manufacturing plant, create 600 jobs in North Carolina
Lilly said it selected Concord, North Carolina, because of the manufacturing technology experience of the local labor force; its proximity to universities with strong science, technology, engineering and math programs; and its access to major transportation infrastructure.
FAA clears Verizon, AT&T to turn on more 5G cell towers
The Federal Aviation Administration said Friday that it took the steps after receiving details from the telecommunications companies about the location of wireless transmitters.
Q&A: Behind City-County Council’s redistricting forums
IBJ talked to City-County Council Chief Financial Officer and Policy Director Brandon Herget to learn how council staff chose the forum locations, why it contracted out the hosting work and how feedback will actually get used.
GOP Indiana legislator quits to focus on congressional race
A campaign spokesman confirmed Sen. Erin Houchin of Salem was stepping down to focus on her bid for the GOP nomination in the May 3 primary to replace Rep. Trey Hollingsworth, who isn’t seeking reelection this year.
Legislation aims to force two Indy adult boutiques to relocate
Two adult boutiques that faced community backlash and legal battles with the city of Indianapolis have prompted state lawmakers to propose legislation that would create statewide restrictions on where sexually-oriented businesses can locate.
Indianapolis-based SEO firm Demandwell lands $5M in seed funding
Demandwell, which offers search-engine-optimization software, says the investment will help it reach growth goals that include tripling its revenues and headcount over the next year.
Key inflation gauge rose 5.8% in 2021, most in 39 years
The report Friday from the Commerce Department also said that consumer spending fell 0.6% in December, with purchases of cars, electronics, and clothes declining.
Area residential real estate market sees rising sales, soaring prices in 2021
Sales of existing single-family homes in central Indiana slowed in December, but 2021 was a solid year for the residential real estate market despite high prices and shrinking inventories.
Ban on transgender athletes advances in Indiana Legislature
The bill would prohibit students who were born male but identify as female from participating in a sport or on an athletic team that is designated for women or girls.