Soon companies will need to pay at least $18 an hour and offer other benefits—like health insurance or help with child care, transit or other worker needs—to be eligible for tax incentives and training grants from the city of Indianapolis.

The change is part of an effort by the city and Indy Chamber to combat poverty and help move more lower-income residents into the middle class.

Host Mason King talks with Ian Nicolini, vice president of Develop Indy, the city's economic development agency, about the new policies, which will take effect Jan. 1.

To learn more, read reporter Hayleigh Colombo's story detailing the policy.

This episode of the IBJ Podcast is sponsored by Krieg DeVault.