Wednesday’s business headlines
INDIANAPOLIS (WISH) – Here’s a look at Wednesday’s business headlines.
Construction
Demand for construction workers in Indianapolis is incredibly high and there’s a notable shortage of laborers in the top cities.
Industrial Paint and Protection Magazine says Indianapolis is in the top 15.
It says there are just 10 workers per building permit with the average salary of $38,000.
Active campaign
The Midwest’s largest private software as a service company is expanding in Indianapolis.
ActiveCampaign says it just raised $240 million to grow and it will be hiring across departments, including technology, design, marketing, customer success and sales.
Starbucks
Starbucks expects U.S. customers to make their morning coffee runs again.
It’s a good sign for the Seattle-based chain as it recovers from the pandemic, but not all cafe operators are seeing the same uptick in business.
It says customers are used to making coffee at home but are coming back slowly.
Economy
The U.S. economy could leave $1 trillion on the table this decade because of a manufacturing worker shortage, according to a new study from Deloitte and the Manufacturing Institute.
Manufacturers face a two-pronged employment problem.
They are having trouble filling the open jobs and many workers do not have the high tech skills yet but training programs could help.