COVID-19 uncertainty makes economic predictions more difficult
Economists are struggling to understand how bad the fallout might get and how long it might take to recover.
Susan Orr
Articles
City’s last traditional costume shop closes permanently after 50 years in business
Costumes by Margie, which opened in 1970, almost changed ownership last month, but the pandemic ruined those plans
Fast-casual Mediterranean chain coming to Indy
Up to five more locations could open in the next 16 months. Also this week: The Black Acre Loft, Dave & Buster’s, Gold Leaf Savory & Sweet
Mass Ave Toys closes after 14-year run
The owner, who has operated toy stores for more than 40 years, said she closed the shop so she could retire.
Indianapolis-area Popeyes restaurants under new ownership
The new franchisee for the 16 Popeyes locations is Cincinnati-based Gilligan Co., which operates convenience stores and quick-service restaurants including Subway and Dunkin Donuts.
IndyGo running out of office space, but board members don’t agree on fix
IndyGo is investigating whether to purchase the former Harrison College site for millions of dollars to use as additional space—but some board members are not convinced doing so is a good idea.
Gaming lounge, others launching after pandemic delay
Press Play Gaming Lounge, Two Chicks District Co. and Bella Pizzeria are following through with plans announced before the shut-down. Punch Bowl Social, meanwhile, aims to reopen this fall.
Indianapolis-based Hurco suffers largest quarterly loss since 2002
The Indianapolis-based machine tool manufacturer said shutdowns related to the COVID-19 pandemic had a dramatic effect on its sales.
Novelty-products firm BigMouth falls silent after years of hype
The firm, which had big growth plans, owes $23 million on a loan that is in default and is winding down operations.
Area financial adviser barred from industry, ordered to shut down business
The actions stem from a 2018 complaint filed by the Securities and Exchange Commission in which the adviser was accused of selling $13 million in risky securities to clients without disclosing that she would earn commissions on the sales.
Tuesday Morning to close two of three Indianapolis stores
The Dallas-based discount retail chain filed for Chapter 11 bankruptcy protection May 27, citing financial strains caused by COVID-19-related store closures.
Downtown’s Sugarfire restaurant sues landlord in rent dispute
St. Louis-based Sugarfire Smoke House has closed its downtown Indianapolis restaurant following ongoing issues with the building’s landlord.
ROUNDUP: Mac-and-cheese, pizza shops debut
Also this week: InCycle Strength, Rise ‘n Roll Bakery, Dancing Donuts, WB Pizza, The Mug, City Way Animal Clinics, Pet Wellness Clinics.
Indoor dining resumes for Marion County restaurants, but owners see tough road ahead
On Monday, Marion County entered Phase 3 of its COVID-19 reopening plan, which among other relaxed restrictions included allowing restaurants to serve patrons indoors, up to 50% of their dining-room capacity.
Q&A with Kelly Wierenga on social-distancing research
The IUPUI nursing professor is co-leading a study on health behaviors and health outcomes during the pandemic.
Sputtering public firms scoop up small-biz PPP loans
Eight Indiana-based public companies have disclosed that they qualified for more than $61 million in relief loans from a federal program designed to help small businesses.
Patachou restaurants sue insurer over COVID-19 claim denials
Patachou, which operates 12 restaurants in Indianapolis and Carmel, is among a growing number of local companies that have sued their insurers for claim denials related to COVID-19 business losses.
Indy restaurants try to prepare for outdoor-only dining
They are working through a multitude of logistical details as they prepare to reopen for dine-in service for the first time in more than two months. They’ll be limited to outdoor seating until July 4.
IndyGo set to resume regular schedule June 1
IndyGo has been operating on a reduced schedule since March 29 because of COVID-19-related staff shortages and ridership declines.
Under pressure, Calumet returns $31.4M in federal COVID-19 relief loans
The Indianapolis-based maker of oils, lubricants and fuels was among the nation’s largest recipients of Paycheck Protection Program loans, which for the most part were intended for small businesses.