Hetal Retail, an early-stage software developer based in New York City, has an unusual connection to the Hoosier state—its name was selected in part to honor the Indianapolis bank employee who helped the company get off the ground.
It’s only in the path of totality that observers will see the corona—the glowing ring of light that surrounds the blacked-out sun.
The Indiana Economic Development Corp. said the Legend Fund can help entrepreneurs and small businesses with small loans, typically under $50,000.
The IEDC said the Legend Fund will give non-traditional lenders an incentive to provide operating capital to Indiana-based businesses. Eligible lenders could have a portion of the loans they issue purchased by the IEDC, freeing up capital to support more entrepreneurs and small businesses.
Ash & Elm Cider Co.’s owners say the company is just getting started, with plans to expand its retail business to neighboring states and grow its online cider club into the nation’s biggest.
The share of owners planning to boost employment dropped to the lowest level since May 2020.
Canary Creek, which opened in 1999, will screen its last movies this weekend. The theater has historic ties to Franklin’s century-old Artcraft movie theater in downtown Franklin, which continues to operate.
Regulations are created to improve business dealings, discourage unfair or illegal business activity, and protect workers. But, for small business owners, they often mean more red tape, higher costs and possible penalties for failing to comply.
Among the many challenges small businesses face as they try to grow these days is getting a loan. Banks big and small have tightened lending standards along with rising interest rates the past two years.
No entrepreneur is likely to receive a sign from the universe—or from their accountant—that it’s all going to work out.
The National Federation of Independent Business’ “optimism index” in September was listed at 90.8, which is lower than the group’s 49-year average—98—for the 21st consecutive month.
A National Federation of Independent Business index of sentiment fell to a four-month low in September.
The IRS has received 3.6 million claims for the credit over the course of the program. It said hundreds of criminal cases have been started and thousands of claims have been referred for audit.
The average credit card interest rate charged by commercial banks was 20.1% at the end of the first quarter—the highest since the Federal Reserve began tracking this statistic in 1995. In comparison, that rate stood at 14.6% during the same period a year earlier.
The agency last year received $1.6 million from the federal Minority Business Development Agency and added $400,000 in matching funds.
ConnectIND has a portal with information on everything from funding sources to coworking spaces to business incubators. It also has a network of 10 navigators being hired around the state to offer free guidance and support for the portal’s users.
The average prime rate, or the rate banks set as a reference for customer loans, was 4%. The prime rate has more than doubled since then, hitting 8.25% in May.
A local small business is hoping to deploy technology in the coming years that could help seed producers and distributors more quickly determine the genetic makeup of their products.
From a base in West Lafayette at the Purdue Research Park, the company’s scientists are racing to create environmentally friendly, food-insecurity-fighting crops through special genetic technology.
Cities around the country are beginning to look at container units to address homelessness and increase housing supply.
