Financial pain deepens as nearly 60 countries report coronavirus
If the disease known as COVID-19 becomes a global pandemic, economists expect the impact could be much worse, with the U.S. and other global economies falling into recession.
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Caito Foods to eliminate Fresh Cut produce division, terminate 333 workers
The Fresh Cut operation at Caito’s main campus at 3120 N. Post Road cuts and packages fresh produce for distribution to retailers.
Local email management firm acquired by hungry Boston company
250ok Inc., which employs about 55 people, will be the fifth major acquisition in the last two years for Boston-based Validity Inc.
Indianapolis schools cancel bus routes after drivers call in sick
Indianapolis Public Schools said schools remained open, but students who are unable to get to them because of no buses would not be marked absent.
GOP lawmakers push to broaden definition of panhandling
The new language, which was added to a bill this week, would effectively make it illegal to panhandle in all of downtown Indianapolis.
Tech firms offering more incentives to attract talent needed to fuel growing sector
Lisa Maloney, assistant vice president and the Indianapolis branch manager for Robert Half, is on the front line of helping local companies find tech talent. She recently discussed with IBJ the challenges local tech firms face in finding the talent they need to grow the sector and what IT professionals are demanding for their services.
UPDATE: Downtown hotel, parking lots sold for $33M to Atlanta firm
Atlanta-based Peachtree Hotel Group bought the Hampton Inn by Hilton at 105 S. Meridian St. and a 50-car parking lot at 102 S. Pennsylvania St.
Developers, city partnering on major mixed-use projects in Noblesville
Developers are teaming with the city on a $7.7 million redevelopment project along North 10th Street and a $35 million development west of Federal Hill Commons Park.
21 organizations from across Indiana selected for All-Star grants
The $1 million initiative was announced in October as a legacy project tied to next year’s All-Star festivities, with each group receiving up to $50,000 in funding for youth-serving projects.
Pence’s handling of 2015 HIV outbreak in Indiana gets new scrutiny
President Donald Trump’s choice of Vice President Mike Pence to oversee the nation’s response to the new coronavirus threat is bringing renewed scrutiny to Pence’s handling of an HIV outbreak in southern Indiana when he was governor.
Change to business personal property tax not likely this year
Senate Bill 385, authored by Sen. Aaron Freeman, R-Indianapolis, would have based the personal property tax exemption on the assessed value of equipment—called personal property—rather on the value at the time the company acquired it.
Bill could strip IndyGo of millions of dollars, halt future work on Purple, Blue lines
Sen. Aaron Freeman, the Indianapolis Republican and former city councilor who authored the legislation, said his goal is not to cripple the bus system’s operations but to hold IndyGo accountable to a 2014 law that required it to fund some of its operations with private funds.
Indiana Senate panel advances controversial coal bill with some changes
The legislation to slow down the exodus from coal comes as large utilities across Indiana have announced plans to shut down thousands of megawatts of coal-fire generating capacity in favor of cheaper fuel sources, such as natural gas, solar and wind.
Senate committee removes some jobs from professional licensing legislation
House Bill 1008 initially would have allowed professional licenses from other states to be honored in Indiana. It would have applied to professions regulated by the Indiana Professional Licensing Agency, including architects, engineers and dentists, to name a few.
Dow plunges 4.4%, as potential coronavirus cases in California escalate anxiety
The three major U.S. stock indexes now are in correction territory, a 10% reversal from recent highs.
Former Celadon affiliate 19th Capital to close, terminate 199 workers
The Indianapolis-based asset financing and fleet management company notified state officials this week that it will permanently close its operations late next month, eliminating all of its employees.
Developer plans $30M Tapestry hotel on downtown parking lot
Sun Development & Management Co. originally planned to open the Tapestry hotel in the 12-story Jackson Square building where Ike & Jonesy’s had been located. But Sun now has plans to put a different brand in the building, with work starting within several months, and build the Tapestry across the street.
WISH-TV hires Andy Mohr pitchwoman as entertainment reporter
WISH-TV Channel 8 announced Thursday it has hired McKinzie Roth as the station’s “Entertainment Insider.” Roth is known locally for appearing in TV ads for Andy Mohr auto dealerships.
Carmel-based Shepherd Financial fueling growth with acquisitions
Shepherd Financial LLC is planning to grow its workforce by 50 employees over the next five years, tripling its statewide staff, with a majority of those hires in Carmel.
U.S. orders for durable goods slipped 0.2% in January
Orders to U.S. factories for big-ticket manufactured goods were pulled down by decreased demand for cars, auto parts and military aircraft, but the category that tracks business investment rose significantly.