Business

Monday’s business headlines

INDIANAPOLIS (WISH) – Here’s a look at Monday’s business headlines.

Midwest Venture Showcase

There is a strong movement afoot to help turn the Midwest into a true tech heartland by supporting its startups and taking advantage of the talent emerging from Midwest colleges and universities.

The 2021 Midwest Venture Showcase is a virtual event that allows companies in the heartland that are seeking venture capital investments to present their ideas in front of an online audience of top-tier investors, entrepreneurs, researchers and business executives.

The deadline for applications for companies interested in presenting is Feb. 2.

Walmart vaccines

Walmart said it expects to deliver up to 13 million doses of the coronavirus vaccine per month “when supply and allocations allow.”

The retailer plans to offer the vaccine every day its more than 5,000 Walmart and Sam’s Club pharmacies through in-store vaccinations clinics and large community events.

Midwest recovery

Huntington Bank is optimistic about 2021.

It says the Midwest economy is recovering faster than the nation.

Huntington Bank says over 2.9 million jobs were created in its footprint of seven states between April and November, which means 24% of the national total were created in these seven states.

Further 44% of all manufacturing jobs created during this period occurred in our footprint states.

Cred card late payments

U.S. credit card delinquencies reached record-low levels in 2020.

The American Bankers Association says Americans took advantage of stimulus checks and adjusted their spending habits.

Financial support in the form of stimulus checks, as well as an array of payment adjustments – including mortgage and student-loan payment freezes – helped many consumers stay afloat.

WalletHub says in Indiana, where the average balance is only $2,313, it would take a little less than 10 months to pay that back while racking up $167 in interest charges.

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