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    Amy Isbell-Williams

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Articles

Virus pummels commercial real estate, could end long boom

June 24, 2020

Office tenants are considering renting less space as more employees work from home, and the trend toward online shopping is accelerating, which could cut already weak demand for retail space in downtown areas and malls.

Stocks slide on Wall Street as U.S. coronavirus cases surge

June 24, 2020 | Associated Press

Stocks fell sharply on Wall Street on Wednesday as new coronavirus cases in the United States climbed to the highest level in two months, dimming investors’ hopes for a relatively quick economic turnaround.

Visit Indy spending $50K on digital ads to entice visitors

June 30, 2020 | Mickey Shuey

The tourism group’s new “You Have Earned It” campaign focuses on Indiana residents and relies heavily on Facebook and Google advertising platforms.

Children’s Museum, art museum to reopen to general public

June 30, 2020 | IBJ Staff

The Children’s Museum said it is projecting a loss of $4 million to $7 million in 2020 because of the three-month health crisis closure.

Childrens Museum 2col

Senate reaches deal to extend Paycheck Protection Program

June 30, 2020 | The Washington Post

Prospects for the legislation in the House, however, were uncertain. Both chambers are set to adjourn for a two-week recess by week’s end.

Survey: U.S. companies added 2.4 million jobs in June

July 1, 2020 | Associated Press

The payroll company ADP said Wednesday that small businesses reported the biggest increase, adding 937,000 jobs. Among industries, construction firms, restaurants and hotels, and retailers posted large gains in hiring.

City to spend $1M in relief funds on tourism marketing campaign

July 1, 2020 | Samm Quinn

Called “You’ve Earned It,” the campaign seeks to boost Indianapolis’ tourism industry, which has been deeply hurt by the COVID-19 pandemic and related shutdowns.

Three major downtown hotels set July reopening dates

July 1, 2020 | Mickey Shuey

The three hotels were among several throughout the city to temporarily suspend operations during the pandemic.

Indiana sees new jobless claims spike; national unemployment falls to 11.1%

July 2, 2020 | Associated Press and IBJ Staff

U.S. employers added a substantial 4.8 million jobs in June as the job market improved nationally for a second straight month. Indiana, however, saw initial unemployment claims rise for the fourth straight week.

Editorial: Mayor must step up to lead the rebuilding of downtown

July 3, 2020

In the first year of his second term, the mayor has an opportunity to make rebuilding downtown in a way that’s economically inclusive his signature achievement in office.

Indiana sees number of COVID-19 cases climb, reversing weeks of downward trend

July 6, 2020 | John Russell

The increase is hitting more young people. People under 30 now account for 22% of all who have tested positive for COVID-19 in Indiana, up from 15% just a few weeks ago.

Small business aid went beyond hard-hit companies, data show

July 6, 2020 | Associated Press

Recipients covered a broad swath of industries, with some that were less directly impacted by the coronavirus pandemic, such as manufacturing and construction, receiving a greater proportion of the loans than the hard-hit restaurant, bar and hotel industries.

McConnell calls for 5-year lawsuit shield for businesses as part of next virus bill

July 6, 2020 | The Washington Post

Senate Majority Leader Mitch McConnell, R-Ky., outlined new details Monday of what he wants to see in the next and potentially final coronavirus relief package.

Numerous U.S. lawmakers benefited from Paycheck Protection Program

July 7, 2020 | Associated Press

Among businesses that received money was a California hotel partially owned by the husband of House Speaker Nancy Pelosi, as well as a shipping business started by Transportation Secretary Elaine Chao’s family.

State expands PPE program to schools, launches new directory for supplies

July 8, 2020 | Samm Quinn

The state has begun coordinating with Indiana schools to provide them with PPE supplies for K-12 students and educators, including 3 million reusable face masks.

Owner of Hoosier Park, Indiana Grand on verge of $17.3B sale

July 9, 2020 | Associated Press

Approval of the acquisition of Caesars Entertainment in coming days from regulators in Indiana and New Jersey would create the world’s largest casino operation.

Casino interior

Convention Center gets back in the game by hosting basketball tournament

July 9, 2020 | Mickey Shuey

The Nike Tournament of Champions, a 300-team girls basketball event, is expected to bring 9,000 people to Indianapolis through Sunday, injecting an estimated $8.9 million into the local economy.

JW reopens with new safety protocols, updated rooms

July 9, 2020 | Mickey Shuey

Guests who stay at the hotel will see a variety of changes, including plexiglass barriers at check-in counters and an increase to the amount of time allocated for room cleanings.

JM Marriott

U.S. economy shows signs of stalling as viral outbreak worsens

July 9, 2020 | Associated Press

Some economists have even warned that a so-called “double-dip” recession, in which the economy shrinks again after rebounding, could develop.

Capital Improvement Board misses May revenue mark by nearly 70%

July 10, 2020 | Mickey Shuey

The CIB, which operates the Indiana Convention Center and Lucas Oil Stadium, on Friday said May income fell significantly short of both previous-year and budgeted totals because of the pandemic.

expansion-timeline-indianaconventioncentertestedx-2col.jpg
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