Business

Monday’s business headlines

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

Renewable energy

Tri Global Energy, a leading, originator and developer of utility-scale renewable projects, has announced an agreement to sell two renewable energy projects – a wind and a solar project – in Blackford County, Indiana to Leeward Renewable Energy.

Blackford Wind will be capable of delivering up to 200 MW and Blackford Solar will be capable of up to 150 MW. The projects combined are expected to produce enough energy to power more than 80,000 homes.

The companies are still working on government permits but expect to begin in 2023.

Homes

The cost of homes in the United States hit a new all-time high for the fourth consecutive month. However, experts predict prices may finally be cooling after nearly a year.

The national median listing price for active listings hit $380,000 in May, according to Realtor.com.

Restaurants

Restaurants are turning to on-demand hiring apps during the labor squeeze.

Almost half of restaurants are operating with 20% less staff than usual, according to the National Restaurant Association.

Restauranteurs often turn to Craigslist to find workers but lately, there hasn’t been sufficient response to meet demand.

Rent Runway

Rent the Runway has become a full-fledged resale site. With everything on the platform now available for purchase, with or without a membership.

The move comes on the heels of Etsy buying Depop, a clothing site geared toward younger consumers.

The business, built around clothing subscriptions, always made purchasing items they wanted to keep an option for its members but now the opportunity to buy previously-worn fashion is open to everyone.

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