business

Noah Coffey / https://www.flickr.com/photos/noahwesley/

Indiana will begin registering businesses as “benefit corporations,” which gives companies the flexibility to be socially conscious while still making money. The new designation is meant to bridge the gap between for-profit and non-profit companies.

Secretary of State Connie Lawson says the benefit corporation designation protects companies against shareholder lawsuits when profits aren’t maximized at the expense of a social mission.  She notes it’s a popular concept with millennials, a group she says will make up 75 percent of the workforce in the next decade.

TheUglySweaterShop.com / https://www.flickr.com/photos/54115831@N07/

Back in Billy Brand’s early days in the restaurant business, he and his coworkers would take bets on how many Christmas sweaters they’d see in a given night. Now, he’s throwing his own ugly sweater parties. He says it’s a way for young people far from home to create a corny family tradition of their own.

"Friendship groups want to have a sense of family within themselves," he says, "So this become an odd, not quite mockery of that, but an acceptance and inclusion of it."

Holy Meatballs! IKEA Coming To Indiana

Nov 10, 2015
IKEA

Hoosiers should start fishing out their allen wrenches from the back of the junk drawer…because Indiana is getting its own IKEA.  Indiana residents have had to trek north to Chicago or east to Cincinnati to buy a bed with an difficult-to-pronounce name and enjoy the chain's signature Swedish meatballs, but in two years they’ll be able to visit the Scandinavian furniture behemoth’s new location in Fishers.

IKEA Spokesman Reed Lyons says they chose Fishers because they needed a large plot of land in an area that would draw customers statewide.

Jim Grey / https://www.flickr.com/photos/mobilene/

Significant tax relief for Hoosier employers could be on the horizon if the state’s revenues do well the next few months.

Indiana took out a more than $2 billion loan from the federal government at the height of the recession to pay unemployment benefits.  It’s been paying it back ever since. 

And as long as the state owes money on the loan, employers have to pay a penalty. 

This year, that penalty is $105 per employee; next year, it rises to $126. 

Indiana Economic Development Corporation

A group of nearly 20 lawyers and judges will convene this summer to establish parameters for a new type of court in Indiana. The state already has specialty courts that try drug cases or those involving veterans – but most of those are criminal cases.

The newest courts will hear complex civil cases brought between businesses. Commercial courts exist in almost two dozen other states and help to clear cases which would otherwise bog down a docket. They’re designed to be “business friendly” – but what that means for a state is a bit of a gray area.

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