McDonald steps down as ClearObject CEO to join venture fund
John McDonald said he’s taking a position with Boomerang Ventures to become more involved in the state’s startup ecosystem.
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NCAA’s Emmert presses Senate for ‘guardrails’ on athlete pay
The NCAA fears laws allowing student athletes to benefit from endorsement deals would give some schools an unfair recruiting advantage and open the door to sponsorship arrangements being used as a recruiting inducement.
Josh Owens left SupplyKick weeks before dropping out of governor’s race
Owens told IBJ on Tuesday that he left his job as CEO of local tech firm SupplyKick in early January in part to focus on his run for governor. Now that he’s not running for governor, he said he hasn’t decided what his next move is.
Deal between Indy Reads, library would relocate bookstore to Fountain Square
The Indianapolis Public Library has reached an agreement in principle to close its Fountain Square branch in May so the not-for-profit literacy organization can move its bookstore to the space this summer.
Fed chair: Economy looks resilient despite risk of China virus
Jerome Powell told Congress on Tuesday that the Fed is monitoring developments stemming from the coronavirus, which he said “could lead to disruptions in China that spill over to the rest of the global economy.”
Open jobs fall sharply for 2nd straight month
U.S. businesses sharply cut the number of open jobs in December for the second straight month, an unusual sign of weakness in an otherwise healthy job market.
Fever’s Catchings headlines women’s hoops Hall of Fame class
Tamika Catchings won collegiate and Olympic titles before spending her entire 15-year professional career with the Indiana Fever and leading the team to its lone WNBA title in 2012.
New owners plan wholesale change for vacant Marsh in Lawrence
Two brothers who hail from the Lawrence area have purchased North Lawrence Shopping Center in part to relocate their business, SE Imports & Wholesale. But another grocery is expected as well.
Sullivan’s Hardware buys Fishers garden-and-home center for $5M, plots growth
After more than 40 years as the nursery’s founder and owner, Jeff Gatewood decided last fall to retire and put his five-acre business at 11405 Allisonville Road up for sale.
NCAA, 2 conferences spend $750,000 on lobbying
As Congress considers whether to allow college athletes to receive endorsement money, the forces for the status quo have a power player in their corner that the students don’t: money.
Portillo’s plans to set up shop in Westfield
More than two years after first entering the market to great fanfare and huge crowds, Chicago-based Portillo’s is planning a fourth restaurant in the Indianapolis area.
Trump’s $4.8 trillion budget proposal revisits rejected cuts
The president unveiled an election year budget plan on Monday that recycles previously rejected cuts to domestic programs like food stamps and Medicaid to promise a balanced budget in 15 years—while leaving Social Security and Medicare benefits untouched.
California-based OpenPath to open Fishers office in Flexware project
The security firm’s Fishers office will be its first major move outside of its home base in Los Angeles, where most of its 70 employees are located.
Simon says $3.6B Taubman deal will help refresh rival’s malls
Investors on Monday morning leapt aboard the plan from Indianapolis-based Simon Property Group Inc. plan to buy rival shopping center owner Taubman Centers Inc. for $3.6 billion.
Simon agrees to buy rival Taubman Centers for $3.6 billion
The deal sends a resounding message that Simon remains a devout believer in retail real estate, even as the rise of e-commerce has knocked the sector out of favor across the globe.
IBJ Podcast: Hamilton County emerges as player in hemp industry
IBJ reporter Kurt Christian talks with host Mason King about what some are calling a “green rush,” which follows a 2018 federal law that removed marijuana’s non-psychoactive cousin from the Controlled Substances Act.
Indiana’s school choice voucher program growing statewide
The program has been growing since its inception in 2011, when it was limited to 7,500 students. Last year, 36,290 students around the state utilized vouchers to attend private schools.
Amish Acres tourist site to continue operation after auction
The new owners of Amish Acres’ tourism-related components said they plan to continue using the facilities to host stage events as well as an annual arts and crafts festival but will likely make some changes.
After 20 years, Knight lets bygones be bygones in Assembly Hall
When Bob Knight walked through the tunnel Saturday and onto his old court for the first time since his firing in September 2000, the crowd went wild — chanting his name, roaring with approval and thanking him for all the success and banners he brought to Bloomington.
Purdue gets $5.9M contract to develop Mach 8 wind tunnel
Purdue, which is already home to one of only two working Mach 6 quiet wind tunnels in the U.S., will collaborate with the University of Notre Dame to develop the Mach 8.