Wednesday’s business headlines

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

TWG

An Indiana firm specializing in commercial, affordable and senior living projects is looking to bring a new development to Raleigh, North Carolina.

Indianapolis-based TWG Development filed a rezoning request with the city of Raleigh to allow for the development of a residential mixed-use property up to five stories in Raleigh.

The new project will join a growing number of projects proposed and underway in northeast Raleigh.

Moving

Pew Research Center found that 3% of the U.S. population has already moved temporarily or permanently due to the outbreak.

Young adults aged 18 to 29 are the most mobile age group, with 9% of those surveyed – nearly one in 10 – reported they had already moved.

Nearly one-third said the move was to reduce their personal risk of infection, while 23% said they moved because their college campus closed and 20% said they wanted to be near family.

Paying bills

Twenty-eight percent of Americans say they are late paying bills due to the coronavirus. Thirty-eight percent have reported being in collections.

This information comes from Symend which used artifical intelligence to humanize collections.

Over half of Americans state they have been late to pay a bill because they don’t have the money, while 33% say they have been late because they are trying to save as much as possible.

Hiring

U.S. hiring surged to a record high in May and layoffs decline as businesses reopened.

But those numbers come before the resurgence in virus cases.

Hiring in May was driven by the accommodation and food services industry. There were also increases in health care and social assistance and businesses.